Heighten Accountants
Value Added Tax (VAT) plays a crucial role in the UK’s tax system and applies to most goods and services sold in the country. Businesses of all sizes are required to comply with VAT regulations, which include submitting returns to HM Revenue and Customs (HMRC) on time. Getting VAT reporting right is essential to avoid […]
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-making regarding buying, selling, or holding onto properties. Importance of understanding property taxes Knowledge of property taxes allows you to effectively […]
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 after covering all expenses. Upon establishing a limited company, you’ll be required to adhere […]
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 to interact with HMRC and stay on top of your tax obligations.
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 be moving in and out of a business over a […]
