Making Tax Digital – unraveled!
If you are not yet filing your VAT returns under Making Tax Digital or are self employed or a landlord then you may be affected over the next couple of years.
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Author: Ruth Chettle
What the hell are balance sheets and profit and loss accounts?
If you run a business you may know that a balance sheet and profit and loss account form part of your year end accounts…to many people, they are just numbers on a piece of paper!
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Top tips for preparing your own tax return
As a business owner, a Self Assessment Tax Return is something that you will be required to complete each tax year to declare your income (and pay over any tax owed) to HMRC. Many individuals and business owners prepare and submit their own tax returns directly to HMRC.
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Expenses – what can I get away with?!
Everyone wants to make sure they are claiming everything they can in order to reduce their tax bill. HMRC like business expenses to be wholly and exclusively for the business so things with dual-use are usually not able to be claimed for.
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