You may be paying more tax than you need to when you work in the construction industry. This can occur if the contractor withholds tax from your payments from...
Taxis drivers throughout the UK should be aware of their tax obligations. If you are an Uber driver, private hire driver or self-employed taxi driver, understanding which costs you...
UK businesses may find VAT a complex tax regime. You are required to have proper records, to file on time and pay any VAT due to HM Revenue and...
There are special financial problems associated with restaurants, cafés, pubs and hotels. The price of food fluctuates, employee hours change, and customer demand may suddenly increase or decrease. Meanwhile,...
Running a small business involves more than winning customers and sending invoices. Accurate records, clear cash-flow data, organised expenses, and timely tax reporting are also essential. Cloud accounting software...
Registering for VAT may be confusing in the beginning for many businesses in the UK. The rules are based on the taxable turnover, activity and expected sales. Timing can...
Capital Gains Tax (CGT) is a tax on the profit you make when you sell or dispose of an asset, not on the full sale price. It applies to...
There are various cash flow problems faced by construction firms. This is because the firm will have already completed the work while payments will only come after several weeks....
For growth, investment is essential, and it needs to be at the proper time. The business may require new equipment, cars, machines, technology, or other assets to grow. But...
There are a number of tax planning opportunities for business owners that are permitted in a limited company. But cutting taxes is no way to avoid taxes! It involves...