How do I correct VAT errors?

February 21, 2018 | by Sian Kelly | No comments

Making a mistake in your VAT return is easily done. Maybe you missed something out accidentally or added up some figures wrongly. However, should this happen and you discover that you have made a mistake in a return which you have already filed, don’t panic

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Making Tax Digital: Why you need to prepare for the big tax shake-up now…

February 13, 2018 | by Sian Kelly | No comments

Whether youre a small business, a big multi-national or a sole trader, the way in which you file your tax returns is soon set to change. 

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Tax-free rental income up to £8,500

January 31, 2018 | by Sian Kelly | No comments

By making the most of the rent-a-room relief and the £1,000 property income allowances, it is possible to receive tax-free rental income in 2018/19 of £8,500 (while utilising your personal allowance elsewhere).

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An introduction to cloud security

January 31, 2018 | by Sian Kelly | No comments

Business data is increasingly being stored online in the cloud. What does this mean for your business and your customers? What can you do to make your data safer? Here are some useful tips on cloud security.

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Corporate gains – end of indexation allowance

January 24, 2018 | by Sian Kelly | No comments

To date, companies have been able to benefit from relief for inflationary gains in the form of indexation allowance when they dispose of an asset. The indexation relief is deducted in computing the chargeable gain or allowable loss.

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Claim disincorporation relief while you can

January 23, 2018 | by Sian Kelly | No comments

Changes to the taxation of dividends have reduced the tax advantages associated with operating as a company. Add into the mix the additional burdens imposed on companies – such as the need to file accounts and an annual confirmation statement at Companies House – and it is easy to see why the question of whether it would now be better to operate as an unincorporated business may arise.

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