Budget 2023 seems to have been a quiet Budget for taxes whilst the Chancellor stood at the box. Then he sat down… Capital Allowances: The full expensing of capital purchases for businesses was a welcome announcement (made whilst standing, I will admit). This was...
As we head towards the new tax year on 6 April 2023, there are lots of things to think about in relation to tax planning such as changes to tax bands, capital gains tax allowances, corporation tax rates and dividend allowances to name but a few. How can Lambert...
We all lead such busy lives that the day-to-day task of bookkeeping is something that can often fall by the wayside. Should this be the case? Bookkeeping and keeping your accounts up-to-date can be as important as generating new business. From your records you should...
Making Tax Digital (MTD) was introduced for VAT in 2019, whereby VAT registered businesses moved to making electronic MTD returns. The effect of the changes wasn’t as dramatic as initially expected with the submission being similar to that of an ordinary VAT return...
As we enter a period of significant uncertainty in our economy, is your business ready to deal with the challenges it may face in the next few years? With increasing interest rates, soaring energy prices and inflation at a modern day high, the impact on your business...
As if there haven’t been enough changes to contend with in recent times in the ever-evolving world of VAT; Making Tax Digital, Domestic Reverse Charge, temporary VAT rate changes as a result of Covid-19 and our good friend Brexit; further changes are...
