HMRC confirmed in April this year that one in every ten UK small businesses is currently under investigation for tax that was not paid in the 2015/6 tax year. If you’re worried about an HMRC investigation into your business finances, the following tips and information could help:
The numbers of people working freelance in the UK are rising, with data from the 2017 Labour Force Survey estimating that there are almost 2 million freelancers, which represents 6% of all workers. Make sure you know what you’re responsible for
Getting on the property ladder is tough for most people: but if you are self-employed, you face a series of extra hurdles if you want the approval of the mortgage lenders. Even renting can be tough, unless you can verify your income.
UK companies are apparently losing billions of pounds on capital allowances each year. This article will help you understand where you and your business could be claiming and saving money on your tax bill, click to read on and save your business money.
Doing your payroll may be time-consuming, but get it wrong at your peril. Not only are there multiple legal and tax implications to accommodate, but any errors have a direct impact on your employees. This is costly and can test the credibility of your business. So, here are five of the most common payroll mistakes and how to avoid them:
Filling in your tax return can be stressful; for most SMEs, it becomes one of the most stressful periods of the year. Innocent mistakes can lead to hefty fines and greater future scrutiny from HMRC, both of which you want to avoid. As such, here are four of the most common tax return mistakes made by SMEs, according to our experts, that you need to watch out for and avoid.
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