During the 2022/23 fiscal year, the tax burden—which refers to the UK’s tax revenue as a percentage of gross domestic product (GDP)—was the highest it’s been since 1949, hitting 36.3%.…
Announced in the spring budget and brought into effect from 1st April 2024, the VAT (Value Added Tax) registration threshold has been raised from £85,000 to £90,000. This represents the…
You’ve had a great idea for a product or service, thought of a great business name and brand, and worked out how you can take it to market—but now you…
If you’re a landlord or sole trader and you submit a self-assessment tax return, you need to be aware of the changes coming to how you pay your taxes. Making…
Introduced back in April 2021, the off-payroll working rules (IR35) have been a source of confusion and consternation for businesses wishing to engage the services of a contractor. The intention…
The influencer and digital content creator profession has skyrocketed in popularity over the last decade or so, but it’s still a relatively new and super fast-paced industry – especially in…
On Wednesday (22nd November 2023) the Chancellor of the Exchequer Jeremy Hunt delivered what could very well be the final budget ahead of the next General Election—but what does it…
In a move that will bring relief to thousands of small businesses up and down the United Kingdom, the Government is set to unveil measures to tackle late payments. According…
Self-employed individuals, sole traders, partnerships and others required to complete a Self Assessment will need to be aware of new rules that affect the way in which your profits are…