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You can subtract your self-employed expenses from your turnover when working out how much tax you need to pay each year. But not all business expenses are allowable expenses, so it’s important to know ...

HMRC can check your bank accounts without your explicit permission. While this may sound alarming, there are safeguards in place to protect your information. But if HMRC feel they have probable cause ...

They’re intended to spread the cost of the upcoming year’s tax. It’s important to keep them in mind when planning your finances – though there are a few options available when it comes to paying them.

Business rates are a tax on property used for business purposes, and they’re set to rise considerably in 2025 for many small companies. So, if you run your business from a commercial property (or in ...

Running your own payroll is a popular choice among small businesses in the UK, especially when taking on your first few employees. Payroll software can make paying employees, keeping records, and ...

We all do our best to avoid it, but sometimes small businesses and the self-employed can end up with a penalty from HMRC. HMRC penalties can be expensive and stressful – but, thankfully, sometimes ...

A forecast from the Construction Products Association predicts that construction output will grow by 2.5 per cent in 2025 – ...

Small businesses in the UK have faced a range of challenges in 2024. Will 2025 bring relief and new opportunities? We look at ...

HMRC is warning small business owners to watch out for scams as the Self Assessment deadline approaches.The tax body saw nearly 150,000 reports about tax scams between November 2023 and October 2024.