Finance News

By the time this issue reaches you, the Chancellor will have delivered his first Budget, and we’ll pick through what it means for business owners next month. In the meantime, three things won’t wait for the dust to settle: a Companies House deadline many directors still haven’t met, January’s tax bill, and the annual question of how generous you can be at Christmas without HMRC taking a share. Read More

Making Tax Digital for Income Tax has been on the horizon for years, but this month marks a genuine shift in how it’s being rolled out. Read More

It’s not often we get to open this column with genuinely good news from the taxman, so let’s make the most of it. This month, two developments worth knowing about: a temporary VAT cut that could make the school holidays a little cheaper for families (and busier for local attractions), and a proposal from HMRC that could change how every employer and VAT-registered business in the country pays its tax. Read More

If you run a small limited company, you may have grown accustomed to a degree of financial privacy. For years, the rules have allowed smaller businesses to file what are known as ‘filleted’ accounts, essentially a stripped-back version of your annual figures, typically just a balance sheet, with no requirement to disclose how much your business earned or spent. For many owners, that privacy has felt like one of the few quiet perks of running a small company. Read More