Social enterprises and their taxes
It is a common misconception that Social Enterprises are exempt from tax. For HMRC, Social Enterprises are treated the same as limited companies for tax purposes.
VAT Pre registration claims
The prospect of becoming VAT registered can often be viewed as a daunting process by many people. This article gives a brief introduction of some of the rules surrounding a pre-registration claim.
Making Tax Digital
The Government’s new scheme for ‘Making Tax Digital’. This is a new scheme to make it easier for businesses and people to stay on top of their tax affairs and decrease the amount of errors whilst calculating tax returns.
Flat Rate VAT
Flat Rate VAT is an alternative way for small businesses to work out how much VAT to pay to HMRC in each quarter. The rates can vary from 4% to 16.5% depending on what sector your business is operating in.
Changes to Spring 2017 budget
There are a number of changes that have been listed in the budget announced recently. One of those changes was the increase in Class 4 National Insurance from April 2018.
