A selection of business news and articles to help make your business a success
Welcome to our round-up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Making Tax Digital (MTD) for Income Tax – Only 18 Months Left to Comply ...
On 23 September 2022, Kwasi Kwarteng, the new Chancellor (the fifth in as many years) delivered a Tax Cutting “Fiscal Event” or Mini-Budget to help boost economic growth. This was in line with promises made by the new Prime Minister Liz Truss when she was campaigning...
Self-assessment is an annual event, and it is always towards the back end of the year that you need to start thinking about it. Many people will already be registered for self-assessment, but there are others who will need to register for the first time this year,...
While many of us were happily munching and singing, port in hand, over the festive period, a significant amount of people were focused on something else. Tax returns – the scourge of the self-employed – hit home this year, as the BBC reports that thousands of...
If you ever have the misfortune to see an envelope stamped with the HMRC logo drift through your letter box, a slight sense of panic is understandable. Tax investigations are rare, but when they’re launched, serious consequences can result if you wilfully ignore or...
Contractors are generally a savvy bunch, applying their skills to a project for several months and enjoying the perks of being a mercenary for hire. It’s comforting to know that as soon as one job finishes, another totally different client may be waiting in the wings...
As children of the digital revolution, we’re always promised things will be made simpler, more convenient, or downright illuminating compared to what we have in the present moment. It’s probably good to take these claims with a pinch of salt, but when the internet...
Bright Ideas is well-versed in saving money for contractors and freelancers new to the game, yet it’s a sad truth that even veteran business owners can get expense claims muddled when HMRC comes calling. Tax exemption is such a broad church of analysis that mistakes...
Seeing a steady stream of income sprout from your hard work is a beautiful feeling. Freelancers and contractors may feel they can finally rest at ease once they’re able to sustain a living. However – the taxman will be very interested in what you’ve managed to earn,...
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