by Gary Woosey | Aug 22, 2023 | Blog, SME
As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it offers a lot more. Beyond its regulatory nature, Self-Assessment can be an invaluable tool for...
by Gary Woosey | Aug 15, 2023 | Blog, Tax
For business owners, understanding depreciation is not just about accounting practices but also about handling their taxes efficiently. Depreciation represents the reduction in the value of an asset over time, primarily due to wear and tear. Businesses use various...
by Gary Woosey | Aug 8, 2023 | Blog, Tax
Collections of Capital Gains Tax (CGT) reached a record £16.7 billion in the last tax year, a notable increase from the preceding year’s £14.3 billion. CGT has always been a significant consideration for small and medium-sized enterprises (SMEs) who should note...
by Gary Woosey | Aug 1, 2023 | Blog
Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted more than a year, this is clearly a...
by Gary Woosey | Jul 25, 2023 | Blog, Tax
HM Revenue & Customs (HMRC) has recently stated that they will pledge £5.5 million to organisations who are in the voluntary and community sectors to help support customers organise their taxes. The last voluntary or community sector organisation (VCS) grant was...
