by Lisa Dickson | Apr 1, 2019 | HMRC and tax
Making Tax Digital zero-hour is here. The moment has come: if your business has a taxable turnover above the VAT-registration threshold, which is currently £85,000, you’re now obliged to keep records in digital form and to file your VAT returns using HMRC-approved...
by Lisa Dickson | Mar 12, 2019 | HMRC and tax
How did we end up with such a complex system of tax reliefs? If there’s one thing accountants love, it’s identifying obscure tax reliefs to which you may be entitled and using them to reduce your tax bills. Tax reliefs, or tax breaks as they are sometimes called,...
by Lisa Dickson | Feb 8, 2019 | HMRC and tax
Will HMRC come knocking on your door? It’s a fact – humans are bad at assessing risk. We’re terrified of things that rarely happen (plane crashes, power station meltdowns) but relatively blasé about things that are statistically more likely to harm us, such as...
by Lisa Dickson | Dec 18, 2018 | HMRC and tax
What you need to know before filing your self-assessment tax return for 2018/2019. It’s a common scenario. As the year draws to a close, the thought of your tax return is there, at the back of your mind. But with so much time before the deadline, you decide not to...
by Lisa Dickson | Nov 8, 2018 | HMRC and tax
When and how to begin the process of deregistration. These days VAT thresholds are the subject of much speculation, with the Government concerned that many business owners deliberately choose to stay below the VAT-registration threshold. Limiting your ambition in this...
by Lisa Dickson | Oct 13, 2018 | HMRC and tax
If you trade with a customer in the US, you may be asked to complete a W-8 form before your customer will arrange payment of your invoice. This article looks at the W-8 form in more detail and considers how a micro business would fill the W-8 form in. What is a...
