As a director, have you ever considered taking a loan from your company?
If so, it’s important to be aware of the potential risks associated with an overdrawn director’s loan account (ODLA).
Category Archives: Blogs
HMRC penalties alert as 5.7 million still to file tax returns
Taxpayers have been warned that they could face a penalty after HM Revenue and Customs (HMRC) said 5.7 million were still to file their Self-Assessment returns.
Thousands file tax returns on Christmas Day
More than 22,000 taxpayers went online over Christmas Eve, Christmas Day and Boxing Day to complete their Self-Assessment tax return.
MTD for ITSA postponed by two years
The Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative has been delayed by two years, it has been revealed.
What you need to know when setting up a business
Starting a business is an exciting venture and opens up opportunities and the chance to be your own boss.
The importance of cash flow for tourism businesses
With the busy Christmas period approaching, businesses operating in the hospitality and tourism sector will be dealing with increased demand.
Accountants helping businesses make savings, says survey
Accountants are saving businesses time and money as well as easing the pressure of rising inflation, according to a new survey.
The significance of ‘One To Many’ letters from HMRC
Letters have been sent out to individuals listed as ‘Persons of Significant Control’ (PSC), urging them to check and, where necessary, correct their tax returns.
Top tips for launching a successful start-up
Starting a new business can be a daunting and challenging prospect.
Will you be paying less Income Tax from April?
During last week’s mini-Budget, The Chancellor, Kwasi Kwarteng made extensive changes to taxation.