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Tax
What Is VAT And How Do I Manage It For My Small Business?
Tax and accounting are some of the most complex processes that new business owners have to manage, but they’re also some of the most important. VAT has the power to cause a considerable amount of confusion for entrepreneurs, especially as…
Amazon’s Jeff Bezos Further Criticises Biden Administration Over Inflation
On Sunday, Amazon founder Jeff Bezos turned to Twitter to criticise the Biden Administration over inflation, writing that it is the least affluent Americans who are suffering the most. Presently, inflation in the United States is at a…
What Is The Impact Of The Basis Period Reform For Unincorporated Businesses?
The basis period reform, which is due to take effect from April 2023, will require sole traders and partners to be taxed based on profits during the relevant tax year, regardless of their current accounting periods. The changes are likely…
Cost Of Living Crisis: National Insurance Hike Starts To Hit UK Pay Packets
Millions of employees and businesses across the UK will start paying higher National Insurance contributions from Wednesday as part of a plan to raise billions for the NHS and social care.
Spring Statement: UK Chancellor Announces Cut To Fuel Duty
Chancellor of the Exchequer Rishi Sunak has announced a new support package in his Spring Statement to help tackle the spiralling cost-of-living impacting households across the UK.
