How our approach to accounting will keep January's tax deadline stress-free

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HMRC

Don’t fret about the January tax deadline!

Growing and operating a small business can have benefits and costs to any individual’s mental health. As founders of these businesses, we find our personal wellbeing is intrinsically linked to the success of our entrepreneurial ventures. Our businesses ensure that we get paid, thereby enabling us to live the life we want to. Our sense […]

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Making Tax Digital for freelancers and small businesses

One of HMRC’s biggest changes in many years is just around the corner. The Making Tax Digital scheme does what it says on the tin, and will be making digital records a mandatory process for businesses and their respective accountants to provide. The roll-out begins in April 2019 for VAT-registered businesses. If you are one […]

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HMRC Personal Tax Deadline – January 2018

HMRC Self-Assessment Filing Deadline – Midnight 31st January 2018 With all the fun of Halloween, Bonfire Night, Christmas & New Year still to come, it easy to push the HMRC deadline of 31st January 2018 for personal tax returns and tax payments to the back of your mind. December through to January is one of […]

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Expenses charged to your clients – for VAT purposes, HMRC rules on disbursements

If you are reimbursed expenses from your client, the receipt is VAT applicable unless the expense meets the following rules from HMRC; ‘Before you treat a payment as a disbursement(no VAT applied), you’ll need to make sure all of the following apply: you paid the supplier on your customer’s behalf and acted as the agent of your […]

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