Economic Review of November 2024
In the last month, the ONS reported its Gross Domestic Product (GDP) statistics, which detail that the economy barely grew between July and September. More recent survey evidence also indicates…
What is the penalty point system for late VAT returns and payments?
Since HMRC introduced the new VAT penalty regime in January 2023, we’ve observed an increase in the strict enforcement of VAT return deadlines and payments, as businesses now face immediate…
Benefits of using a Special-Purpose Vehicle company for buy-to-let property
If you want to invest in property and grow your property portfolio, you must consider how you purchase it. You can purchase property as an individual, a limited company, or…
Do I need to submit a self-assessment tax return?
The 2023/24 self-assessment tax return filing deadline is the 31st January 2025, and you need to notify HMRC by the 5th October if you need to submit a tax return…
A contractor’s guide to VAT
If you are new to contracting or considering setting up a limited company, you may wonder how VAT works. We've created a contractor's guide to provide you with an overview…
Economic Review of August 2024
Our latest article provides an economic review of August 2024. It explores key areas such as nominal pay is now rising at its slowest pace, the Bank of England starts…
Limited company annual accounts: when are they due?
As a limited company director, you must file an annual set of accounts with HMRC and Companies House. Our latest article provides information about what needs to be included in…