Business

: What Small Business Owners Need to Know

The facility to set up a Time to Pay arrangement has now been extended to VAT-registered businesses.

VAT stands for Value Added Tax. It is a tax on goods and services sold in the UK.

In this article, We'll summarize what's going wrong at HMRC and how it's affecting you.

Freelancers can claim deductions for expenses that are incurred wholly and exclusively for the purposes of their business.

Dividends are a great way to extract profits from your personal or family company, but

To encourage employers to employ armed forces veterans, a new relief was introduced with effect from 6 April 2021 where an employer took on an armed forces veteran in the first year of their first civilian employment since leaving the armed forces.

A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends.

From 6 April 2023, the dividend allowance is to fall to £1,000.