Different types of Capital Allowances

Different types of Capital Allowances

Different Types of Capital Allowances Capital allowances are a (horrendously) complex area of UK tax, but claiming allowances wherever possible can help a business to make a big dent in its tax bill. To make things extra confusing, there are different types of capital...
VAT For Businesses

VAT For Businesses

VAT isn’t the easiest concept to grasp, and the language may make it appear much more difficult. To help you make sense of it all, we explain what HMRC means by some of the most used VAT lingo. 12-Month Period This is the rolling 12-month period before this...
The Beginners Guide to Capital Allowances

The Beginners Guide to Capital Allowances

When you purchase assets for your business, you can lower your tax burden by claiming capital allowances. These may include business automobiles, computers, machinery, or even software development. Capital allowances are an essential aspect of corporate tax...
Preparing Your Business for Making Tax Digital

Preparing Your Business for Making Tax Digital

Making Tax Digital (MTD) is at the heart of HMRC’s strategy to become one of the world’s most digitally advanced tax administrations. The plan, which was first announced in March 2015, is to simplify tax by replacing existing processes with digital record...
How Do I Register A Business Partnership?

How Do I Register A Business Partnership?

A general partnership, like other types of business structures, must register with HMRC. This means that both the partnership and its partners accurately declare and pay their taxes. A selected partner will be assigned to the partnership and will be responsible for...
We’ve launched Crypto Tax Online!

We’ve launched Crypto Tax Online!

We are happy to announce that our partner site ‘Crypto Tax Online’ has officially been launched! The confusing world of Crypto is constantly changing, this makes it increasingly difficult to stay on top of everything in the industry. Crypto Tax Online is...