Time to Pay arrangement if you struggle to meet tax bills 15 Sep 2022 Tax - Time to Pay arrangement can be set up by both, individuals and businesses.
Rollover relief – how does it work 14 Sep 2022 Bookkeeping - Rollover relief can be claimed where trading assets are sold, and new assets purchased within a set timeframe using the proceeds.
Badges of trade 14 Sep 2022 Strategy - When deciding whether your hobby counts as trade, HMRC will look into the ‘badges of trade’.
Tax relief for bad debts 12 Sep 2022 Tax - Usually, a deduction isn't allowed for a debt owed to a business in computing the taxable profit but an exception is made for bad debt.
4 Key Metrics for VCs in Series A 8 Sep 2022 Fundraising - Knowing exactly what metrics your investors will want to see is a vital first step in putting together a successful fundraising pitch.
Involuntary strike-off 5 Sep 2022 Deadlines - Reasons of strike-off could be a failure to file annual accounts or annual confirmation statements, a situation there is no director in place or mail sent to that company is returned unopened.
VAT flat rate scheme – Pros and Cons 5 Sep 2022 Tax - The flat rate scheme is only available to VAT-registered businesses which expect their annual VAT taxable turnover to be £150,000 or less.
Can inflation have a positive impact on businesses? 24 Aug 2022 Leadership, Strategy - Currently, inflation is at a 40-year high at 10.1%, but it’s set to increase to anywhere between 13-18% by the start of next year.
EMI Valuations: back to 90 days 23 Aug 2022 Clients, Deadlines, Employment, Valuation - One of EMI benefits is an opportunity to receive an agreed-upon valuation of its shares from HMRC.
Recovery Loan Scheme extension 23 Aug 2022 Brexit, COVID-19, Deadlines - Applications to the new business loan scheme will open on 1 August 2022 and will run until 30 June 2024.
Incorporation relief (IR): Conditions and problems 16 Aug 2022 Tax - Importantly the relief applies automatically if the conditions are met, although an election can be made to disapply.
When personal bills are paid by the company 16 Aug 2022 Tax - How tax is calculated and if it is the employee or also the employer who is liable for NI, depends on the name that bill is made to and who pays the bill.