You might have heard about “Making Tax Digital” (MTD), HMRC’s plan for getting most businesses and many individuals to make returns of income and expenses to them on a quarterly basis, using digital software which HMRC will not provide. The plans are still under discussion, but with HMRC’s announcement that they’d like to see MTD(…)

Many businesses dread a visit from HMRC; there is always the worry that something may arise, which results in paying more tax. There is also an understandable sense of dread at the potential disruption it could cause in the run up to, during and even following the visit. However, there are a number of things(…)

Xero have really increased the pace of their product updates over the past year introducing a host of useful and innovative features. One of the key upgrades has been introduction of sales quotes to the platform. Quoting is a critical function for businesses and having a professional, transparent, traceable process can significantly improve both revenue(…)

One of the biggest decisions you’ll face in business is “Should I be trading as a sole trader, partnership, LLP or a limited company?” The potential tax savings of trading as a limited company are attractive but no decision should ever be taken just for tax reasons. If you’re considering whether to trade as a(…)

Here are a few simple pointers on how much you can claim. How much mileage can I claim? If you use your own car to make journeys solely for business purposes during your employment, you can claim tax relief on your mileage up to the current rates allowed by HMRC. For cars and vans, the(…)

If you work from home, whether that’s most of the time or just occasionally to catch up on the admin, you can probably make a claim against tax for some of your expenses. Here’s what you need to know: If you are self employed and do some of your work at home, HMRC are likely(…)