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Empowering Growth with Proactive Accounting: Insights, briefings & news
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What is the Enterprise Investment Scheme & how does it work?
The Enterprise Investment Scheme (EIS) is a UK government initiative that encourages investment in small, high-risk companies by offering tax incentives to investors.
What is the Seed Enterprise Investment Scheme (SEIS)?
The Seed Enterprise Investment Scheme (SEIS) offers great tax efficient benefits to investors in return for investment in small and early-stage start-up businesses.
Best accounting software for small businesses (2024 guide)
VAT (Value Added Tax) is a consumption tax that is applied to the sale of goods and services. In the UK, businesses that have a taxable turnover above £85,000 (the VAT threshold) must register for VAT with HM Revenue & Customs (HMRC) and then charge VAT on their taxable supplies.
Pre-Registration VAT Costs: A Comprehensive Guide
VAT (Value Added Tax) is a consumption tax that is applied to the sale of goods and services. In the UK, businesses that have a taxable turnover above £85,000 (the VAT threshold) must register for VAT with HM Revenue & Customs (HMRC) and then charge VAT on their taxable supplies.
FRS105 vs. FRS102: best accounting standard for my business?
Our advice to businesses on how to navigate FRS 105 and FRS 102: which is best for your business, how to choose and impact to consider for your business
8 benefits of outsourcing your accounting, tax & finance
8 solid reasons to consider outsourcing accounting, finance and tax functions in your business - give yourself more time and capacity to focus on the most important things in your business
Navigating Reverse Charge VAT on EU Purchases (2024 guide)
Our up-to-date guide on how to navigate the complexities of Reverse Charge VAT on EU purchases if you are a small business and don’t want to fall foul of tax law.
Payment on account: what is it & when do I pay my tax bill?
‘Payments on account’ are to do with paying your tax bill in the UK via HMRC (typically if you are self-employed). They are advance payments due every January and July and designed to split up your tax bill into more manageable chunks.
2023 R&D tax relief changes: what are they & what do I need to know?
Research and Development (R&D) tax relief rules in the UK have changed in 2023. If you’re a business owner or director, we’ve put together a summary of what the R&D tax relief changes are and what you need to know.
Purchasing a residential property through a UK Limited Company
Buying a residential property through a limited company in the UK can offer several benefits. Here are some of the key advantages.
What is IFRS 15 in simple terms & how does it affect my business?
IFRS 15 is a bit like a box of jigsaw pieces. Just like putting together a puzzle, IFRS 15 provides the framework that helps businesses piece together their revenue recognition process. It provides a clear set of rules and guidelines for recognising revenue from customer contracts, ensuring consistency and transparency in financial reporting.
What is ‘Making Tax Digital’?
Making Tax Digital is a scheme introduced by HMRC that promotes the use of digital accounting systems to maintain accurate business records. In this blog post, we will explore the changes that have already been made, as well as what's next for MTD and how it will impact you.
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