Heighten Accountants
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...
Capital allowances form a crucial component of the intricate tapestry that is the UK tax system, providing businesses with a mechanism to alleviate the financial burden of qualifying capital expenditure.
Tax planning is a financial strategy where you aim to minimise your tax liability within the legal boundaries. It involves analysing your financial situation, income, and expenses to make informed decisions that can help you reduce the amount of taxes you owe. The go...
As a small business owner or partner, navigating the complex landscape of accounting methods can significantly impact your taxable profits. The choice between the accruals basis and the cash basis is a decision that requires careful consideration, and this blog aims ...
