HMRC Penalties and How to Avoid Them
Let’s face it, nobody likes receiving a fine. Unfortunately for the self-employed and small-business owners, owing to various reasons, a fine could be issued from HMRC (Her Majesty’s Revenue and Customs). Self-Assessment is a system HMRC uses to collect Income…
Read moreCompany Directors: Are Self Assessments Mandatory
Self-assessment tax return filing is something that comes around each year. However, despite knowing that it is something we need to think about, even the basics of it need to be considered. Therefore, when it comes to the tax requirements…
Read moreWhat Is IR35 – Does It Apply To You?
IR35 is a piece of tax legislation designed to identify tax-avoiding individuals working as ‘disguised employees’. Someone who provides services to a company via a limited company but appears to be treated as an employee would be can be deemed…
Read moreAvoid Financial Disputes With Pre-Action Protocol
Since October 2017 the Ministry of Justice for England and Wales has updated their small claims process. Businesses and landlords can have debts and need to recover them. This new procedure called the “Pre-Action Protocol” is intended to clarify and…
Read moreHow To Overcome The Amazon Effect
It’s never been easier to open your own retail store online. All you need is to find a decent set of products, build your website and you’re good to go. The trouble is there is some pretty big competition out…
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