If you’ve been hearing about Making Tax Digital (MTD), you might think it applies to everyone. In reality, there are some cases where businesses can apply for an exemption — or may even be automatically excluded. Understanding these exemptions now can save you confusion and stress later.

The UK’s side hustle economy has grown rapidly in recent years. From traders selling on eBay and Amazon, to service providers freelancing online, to SMEs diversifying with additional revenue streams—more and more people are earning money outside of their main income.

With fraudsters getting more sophisticated every year, it’s never been more important to stay vigilant when it comes to HMRC-related scams.

If you’re a CIS-registered subcontractor, chances are you’ve heard the term Making Tax Digital (MTD)  being thrown around — and probably...

Bookkeeping: you might think of it as just another expense, or at best, a way to keep track of where your money's going. But what if we...

Navigating tax codes can feel a bit overwhelming, but understanding them is essential if you're managing your own payroll. Tax codes...

Running a small business can be tough - there are many challenges that small business owners face daily. However, maintaining accurate...

It’s important to keep an eye on your turnover each month. If your turnover exceeds £85,000 or you know it's expected to in any rolling...

As a director of a Limited Company your finances are legally separate from your business. Due to this the profits you make are not...

It’s safe to say that if your business has a healthy cash flow the chances of success are incredibly high. Many businesses fail to see...

You’ve recently filed and paid your tax return—but are you sure you claimed every expense you’re entitled to? If not, read on. No one...

Who would have thought virtual working would have been such a big thing before the covid pandemic? Our way of life has changed...

Doing your own bookkeeping can be manageable when you first start out in business. However, once you start to get more busy and your...

It’s important that you know when to register for VAT so you don’t get hit with backdated charges and fines. One way of keeping track of...

Are you just starting out in business and wondering what business structure to use? There’s lots of tricky questions which crop up when...

When you first start out in business it can be easy enough to manage your own bookkeeping. Once you start to get busier and you make more...

When you think of bookkeeping, what comes to mind? For many people, the first thing that comes to mind is data entry – and while this is...