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This article is to help you understand MTD and what you may, or may not need to do. There is quite a lot of information to take in, but with a change this big we need to be as comprehensive as [...]

The New Year is upon us! I love this time of year as it helps me focus on my goals and get my New Year’s resolutions in place. This year I want to expand the business, lose a bit of weight, spend [...]

Apportion dividend income with spouse / partner if close to higher rates If your “income” is £70,000 and your partner earns £15,000 per annum, then by allocating shares and a dividend to them, [...]

Phillip Hammond’s delivery of yesterday’s budget promises to see the end of austerity and a cut in business rates for retailers. Here is a list of the key points in how you could be affected. [...]

Know your financial position It is a good idea to monitor your financial progress closely and periodically. This is an easier task to manage using cloud accounting programmes, which clearly show [...]

If you have decided to set up a new limited company, there are a number of points to consider before the official formation. Company Name Decide on a company name. This must be unique, and not [...]

Directors and individuals have a legal responsibility to retain documents and records relevant to their accounting and tax affairs. Individuals  With trading or rental income need to retain their [...]

Capital allowances are available on energy efficient, low carbon, or zero carbon technology for your business, which could help reduce your tax bill. What are Capital Allowances? Expenses [...]

With many Freelancers switching to the cash accounting VAT scheme following updates to the flat rate scheme in April 2017, it’s a good idea to check the purchase receipts you collect are valid [...]

If you are Self Employed or a Company Director and have recently applied for a Mortgage, you may have been asked to provide SA302’s and Tax Overviews for the last three years. You may be asking [...]