HMRC Late Submission Penalties
Missing HMRC deadlines can be costly. Late submission penalties apply to tax returns, VAT returns, payroll filings, and statutory accounts,…
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accounting
Forensic Accounting
The True Value of Forensic Accounting When legal or regulatory challenges arise, the insight of a forensic accountant can be…
De-register or Not to register for VAT
Businesses considering VAT de-registration due to falling below the £88,000 threshold (allowing them to adjust prices or increase profit) must…
Can Your Business Reclaim Statutory Sick Pay?
Common questions we hear from business owners: “Can I claim back the Statutory Sick Pay (SSP) I pay to my…
Associated Company or Not
Tax Implications for Associated Companies (Finance Act 2021) Overview Directors with interests in multiple companies should review structures if companies…
Wholly and Exclusively Expenses
What does “wholly and exclusively” mean? Put simply, an expense must be entirely for the purpose of your trade to…