Have you forgotten to declare rental income to HMRC?

We often get new clients who haven’t declared their rental income to HMRC because they didn’t realise they had to or they thought they’d not made any profit, and so didn’t need to make a return.  It’s a common misconception that the mortgage repayment is a deduction...
Changes to VAT – Are you ready for 2023?

Changes to VAT – Are you ready for 2023?

On top of the move to Making Tax Digital (MTD) and the need for VAT registered businesses to use MTD compliant software, HMRC is introducing a new penalty regime for late payment of VAT. This new regime will apply for VAT return periods starting on or after 1 January...
Should I go Electric?

Should I go Electric?

Electric cars are becoming more and more popular, particularly with business owners. What’s going on?!  The main buzz [pardon the pun] around electric cars is that they currently [oops did it again] have a very low benefit in kind (BiK) charge [sorry I can’t help it]....