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Tax Return penalties have remained pretty much the same for more than 20 years. File a day late and there will be £100 fine. In another six months a further £100 is added. And there... read more

Directors Loans can cause tax complications which many small business owners are unaware of. In fact they often only come to light when accounts are prepared and it is realised that the owner/director has withdrawn... read more

The National Minimum Wage is important to get correct and the first step is to know who qualifies and who does not. So, who does qualify for the national minimum wage?  1 Workers must be at least... read more

Making Tax Digital for VAT (MTD) finally comes into effect  from April 2019, but only for certain businesses. The April 2019 launch will only apply to VAT registered traders. More specifically, MTD will apply to... read more

Employees’ holiday entitlement is a seasonal subject to consider and the following definitions should help to clarify employee and employer rights and responsibilities regarding entitlement to holiday pay. Almost all workers are legally entitled to 5.6 weeks’ paid holiday per... read more

Undeclared overseas income is a guilty secret for some taxpayers. We have had over ten years of offshore disclosure facilities from HMRC which have forced a significant number to declare at least some of their... read more

Starting a successful business isn't easy or everyone would be doing it. And as the majority of new businesses fail in the first five years, that clearly isn't the case! You need a product or... read more