Charitable tax relief is a way for individuals and limited companies to donate to registered UK charities tax-free and it may also benefit you when Self Assessment season comes around.
The DSA Prospect Blog
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While off-payroll working rules (IR35) for the private sector have been in place since April 2021 HMRC has been relatively relaxed when it comes to penalising those who make mistakes - until now.
Along with the start of the 2022/2023 tax year, 6 April brought a new increase to National Insurance contributions (NICs) known as the Health and Social Care Levy.
On 6 April 2022 HMRC decommissioned its online end of year expenses and benefits service, the interactive PDF used by small businesses to submit P11Ds. While the deadline for reporting taxable benefits and expenses is 6 July 2022, it's never to early to implement an efficient filing procedure.
Businesses across the UK are feeling the effects of inflation and doing their best to navigate through these financially challenging times. Amidst the number crunching and budgeting, there are key government support measures available to help small and medium sized businesses.
DSA Prospect Associate, Nigel Benton discusses the new Customs Declaration Service and how businesses can prepare to use it moving forward.
The Chancellor of the Exchequer faced two major challenges in the 2022 Spring Statement; to ensure a more secure UK economy and reduce public debt, while simultaneously helping to alleviate the pressures of inflation.
As an entrepreneur starting a business, or even planning a scale-up, a business plan is a very important part of the process. This strategic tool helps define your short and long-term goals while providing a blueprint for your next steps.