Heighten Accountants
When ATED was introduced on 1 April 2013, the threshold amount was £2 million. The threshold has since been reduced, firstly to £1 million from 1 April 2015 and then to £500,000 from 1 April 2016.
Understanding property taxes in the UK is crucial as property taxes represent a significant financial obligation for property owners, developers, and investors. Taxes can significantly impact the profitability of your property investments and influence decision...
Operating a business in the UK entails the potential need to submit a Company Tax Return and remit Corporation Tax on generated profits. Corporation Tax applies to certain UK businesses and organisations based on their profits, which represent the remaining income af...
The HMRC Business Tax Account is an online service provided by HMRC in the UK. It allows you to manage your business tax affairs, including filing tax returns, viewing payment history, and updating business details. Essentially, it's a digital hub for your business t...
Facing a tax investigation from HMRC might seem daunting, but with efficient record-keeping, the process doesn't have to be overly burdensome. Stay organised, understand the scope, and seek professional advice to navigate the investigation calmly.
Cash flow and profit forecasts are crucial tools for your business providing insights into your financial health and helping you plan for the future. Let’s break it down: Cash Flow Forecast: The cash flow forecast is a projection of the amount of cash that will...
