In the UK, you can get various grants with which you can support and grow your small business in Reading. Here, we will discuss some of them so that you get an idea of what to opt for as an entrepreneur. All you need to do is go through the blog and talk to accountants … Continue reading Grants That You Can Receive to Support Your Small Business
Before we discuss the changes that capital gains tax has seen in 2024, let us know what capital gain tax is, and why it is so important. Capital Gain Tax or CGT, can be defined as a form of tax that is charged when you sell, give away, exchange or otherwise get rid of any … Continue reading The Latest Information About 2024 Capital Gains Tax Changes
Running a small business can be exciting, but it also comes with various challenges to turn your head around. You might get confused about a lot of things while running your daily operations. One head-burning aspect of your business can be bookkeeping. This is the area that can make you face the biggest challenges of … Continue reading Top Small Business Bookkeeping Advice to Get Your Paperwork in Order
Corporation tax is a corporate tax payable by limited companies in the UK. It is deducted from the yearly revenues and capital gains of the companies. To be eligible to pay Corporation Tax to HMRC, company directors must register their firms at the time of trading. The date on which the tax has to be … Continue reading Improving Cash Flow to Help Pay Corporation Tax Bill
The aftermath of the Post Office Horizon scandal has naturally affected many employees. However, along with the plan to overturn their convictions, the government has assured compensation. However, the tax treatment for the compensation will now be part of the new legislation. Sub-postmasters cannot apply to a single compensation scheme since there is none. The … Continue reading Post Office Compensation – What’s the Latest?
Filing a tax return is one of the most crucial annual financial responsibilities of a taxpayer in the United Kingdom. It is imperative that every business as well as individual in the United Kingdom undertakes this responsibility in time and abide by the legal obligations. Unfortunately, despite all the importance that is associated with the … Continue reading Penalties for Not Reporting a Tax Liability
All limited companies in the UK need to pay corporation tax on their profits. The rate for this tax was increased to 25% in April 2023. Now, as a business owner in Reading, if you are wondering how you can minimise it or whether there are methods to do so, this discussion can help. But … Continue reading Reduce Your Corporation’s Tax Bill by Following These Steps
A few changes in capital gains tax were announced in the budget of November 2022. It was announced that the changes will take place in 2023 and 2024. Today, we will be taking a look at these changes. So, if you are reading and speculating about the differences, now is the time to go through … Continue reading Changes in Capital Gains Tax in 2024 – Points to Know
Value Added Tax, or VAT, can be defined as a tax that is applied to goods and services in the UK. Thus, it is imperative for a business owner to know the functionality of VAT, how it works, and the way one has to comply with the regulations. On this page, let us discuss a … Continue reading a Brief Account of Uk Vat Returns and Related Issues
As a business owner, your hands are already full from overseeing or taking extreme care of day-to-day sales, marketing, and operations. So, naturally, you won’t have time to look after the financial books of your business. But what’s more important than sales, marketing, and operations is to manage your financial records at all costs. Even … Continue reading How Can Outsourced Accounting Help Your Business Thrive?
