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Understanding Input & Output VAT: A Guide to Reclaiming VAT
Everything You Need to Know About Input VAT Reclaims and Reclaiming VAT Introduction Value Added Tax (VAT) is a crucial element of the UK’s tax system, affecting businesses…
4 min read
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Companies House Identity Verification – date confirmed
Following the announcement earlier in the year regarding upcoming changes to Companies House filing requirements, it has now been confirmed that identity verification measures will be introduced from…
4 min read
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What is a Director’s Loan Account?
A director’s loan is the funds a director deposits into and takes from the business that fall outside of expense expenses, salary or dividends. Directors’ loans can be…
4 min read
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What is an HMRC tax investigation?
HMRC has the right to check your business finances at any point to ensure you’re paying the right amount of tax. If your business is selected, you’ll receive…
4 min read
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The difference between a sole trader and a limited company
The main difference between a sole trader and a limited company is the legal structure. Sole Traders are self-employed individuals, who are the sole person in their business.…
4 min read
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Employed or Self-Employed ? Why it matters to the Employer
When you hire someone, for tax purposes you need to understand whether the law sees them as your employee or sees them as self-employed. If they are your…
4 min read
