Extracts from the Chancellor's Autumn Statement 2023. Download the document to keep up to date with the some of latest HMRC changes.
Guides & Tips
You will find useful guides and tips on these pages. These are in .pdf format so you can download and read at your leisure
How to account for all your business assets using Quickbooks online
Creating the asset in the Chart of Accounts
Annual depreciation using a journal entry
From April 2019, VAT registered businesses with a taxable turnover above the VAT threshold (currently £85,000) must keep their VAT business records digitally and submit their VAT return through compatible software
Smaller VAT-registered businesses can join MTD if they wish
MTD for other taxes will not be mandatory before 2020
GDPR, the new General Data Protection Regulation, comes into effect on 25 May 2018. Although GDPR originated with the European Union, it is not affected by Brexit. GDPR builds on existing data protection law to strengthen the protection of individuals' personal data.
If your business collects or uses personal data, you must comply with GDPR. You'll need to review any existing data protection systems, policies and procedures to take account of the changes from the old Data Protection Act.
Keeping your accounts in check is required by law if you make money from selling goods or offering a service.
Using software can make life a lot easier. For some, this is all you need to satisfy the tax man, for most though expert accounting help is always advisable. Why?
20 advantages of cloud accounting.
This guide is written to help you understand what expenses you may claim as an actor, performing artist or entertainer.
As a simple rule, you can allocate whatever costs you feel are incurred wholly, exclusively & necessary for your business.
As one of the professions which consistently ranks highly in the index of happiest workers, hairdressing is, for many, a true vocation. The chance to interact with people all day, sharing the fun of a busy working environment and having the flexibility of being self-employed are all aspects of the job which are important to many hairdressers.
You must register every premises where you carry out food operations, including your home, mobile or temporary premises such as stalls and vans.
If you make, prepare or handle food that comes from animals (meat or dairy products for example) other than for direct sale to the consumer, your premises may need to be approved by the council before you undertake the activity.
Go to the Government website to check the Food Premises Approval sections if you think this applies to you.