How long should you keep paperwork and receipts?
Make sure you know which documents you need to keep for tax purposes – and for how long…
Category: Tax & VAT
What happens to the VAT when you have a bad debt?
VAT registered? Find out what happens to the VAT when customers owe you money…
The tax implications of different methods of business finance
Considering your business finance options? Make sure you know the tax implications of the different choices…
Claiming tax relief on work clothes
Can you claim tax relief on the cost of your work clothes? Find out here…
When is a VAT invoice not a VAT invoice?
Reclaiming VAT? Make sure you know what a valid VAT invoice looks like…
Tax-free savings income in 2024-25
Up to certain limits, it’s possible to enjoy some savings income tax-free. The extent to which this is possible depends on the rate at which…
The risks of working for an umbrella company – what you need to know
Recruitment agencies often use umbrella companies to pay temporary workers. An umbrella company can be loosely defined as ‘a company that employs workers who work…
Pre-trading expenses – be aware of the rules
What are pre-trading expenses and when are they allowable? Know the rules…
How HMRC plans to use AI to assess the risk of tax evasion by businesses
How is HMRC using IT – and how will it use AI in the future? Find out here…
The advantages of filing your 2023-24 tax return early
Check out the advantages of filing your tax return well before the deadline…
