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Statutory Accounts You are required to file the first set of statutory accounts with Companies House 21 months after registration of the company. Following this,…

Making Tax Digital and VAT Making Tax Digital (MTD) comes in from April this year. With businesses above the VAT threshold needing to keep digital…

Employer P11D, P11D(b) and P9D deadline The deadline for submitting the 2017-18 forms P11D, P11D(b) and P9D is 6 July 2018. P11D forms are used…

Don’t miss the tax credit deadline – 31 July 2018 If you’re on a low income or have children, tax credits can be worth thousands…

Director’s Loan Account: The Basics If you take more money out of a company than you’ve put in – and it isn’t salary or dividend…

Many small business owners trade through their own limited company and pay themselves via a small salary plus a dividend out of the retained profits…

Tax – Trivial Benefits Rules on trivial benefits to employees have been relaxed slightly as part of moves to simplify the tax system. Until 5…

HMRC 2 Factor Verification Causes Problems HMRC have stated that the optional 2-step verification (2SV) becomes compulsory this month for businesses. This requires users to…

Read our latest newsletter article about the rising costs of driving a ‘greener’ car provided by your business Click on the car to read the…

Employing Your Children in Your Business Paying salaries to your children is a good way to reduce your taxable profits but which children can you…

Auto-enrolment for new employers From October 2017, new employers, which will include all new limited companies, will have instant pension duties and obligations. These businesses…

Don’t miss the tax credit deadline – 31 July 2017 If you’re on a low income or have children, tax credits can be worth thousands…