How long do I need to keep business invoices?

“How long do I need to keep business invoices?” This is a question that new sole traders and company directors often ask. Before we answer that question, we think it is probably more important to clarify just what invoices you …

“How long do I need to keep business invoices?” Read more »

furlough

HMRC has published new guidance which explains what steps it will take to recover furlough payments that have been wrongly claimed. HMRC accepts that ‘mistakes happen’ and says that it isn’t looking for ‘innocent errors’. Instead, it is going to …

Think you might have overclaimed on Furlough Scheme? What to do next… Read more »

tax free

Did you know that HMRC seasonal rules allow employers to throw staff a tax free Christmas party!! It’s true – the seasonal allowance can be used to subsidise employee food, drink, travel or accommodation. Employers have been reminded that in the …

Tis the season to be jolly (and tax free!!) Read more »

credit card

HMRC will no longer be accepting credit card payments when you pay your self-assessment bill. From January 13, self-employed, sole traders and company directors will no longer be able to use their own personal credit card to pay their self-assessment …

HMRC – Credit Card Crunch! Read more »

self-assessment

There are a number of common tax return mistakes that can hold things up (possibly leading to a penalty fee), cause you problems or even prompt HMRC to look more closely at you. So it’s best to be aware of …

Self-Assessment Tax Return Mistakes and How to Avoid Them. Read more »