Blogs

There are about 1.3 million small and medium sized businesses in the UK.

The tax year end for Self Assessment is 5th April each year. The balance of tax due for that year is due to be paid the following 31st January. For the tax year end 5th April 2023, the tax will be due 31st January 2024.

HMRC have announced a delay to the introduction of MTD for Income Tax Self Assessment (ITSA). They have also announced threshold changes to those affected.

Sir Richard Branson, founder of the Virgin Group, became a billionaire in 1991 at the age of 41.

Everyone in business has heard the phrase ‘Cash is King’, in this blog we are going to explore why cash and cashflow is so important to any business.

The Chancellor, Jeremy Hunt, released the Autumn Statement on 17th November 2022.

Research and Development Tax Credits are a tax incentive to encourage UK companies to invest in R&D.

Net profit is shown in your financial statements on the profit and loss account, after sales, cost of sales (also known as direct costs), overheads, interest and depreciation.

Gross profit is shown in your financial statements on the profit and loss account, after sales and cost of sales. It tells you what the business made after paying for direct costs.

In the past company cars have been taxed heavily, making them unattractive for most business owners.