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Making Tax Digital – VAT compliance

Hopefully you will have heard about HMRC’s initiative Making Tax Digital (MTD). The first stage in this initiative covers VAT reporting. Nicola Roby, Director at CHW Small Business Accountants Bolton explains further, and highlights why all VAT registered businesses should be talking to their advisers now…

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Asset finance explained

Obtaining finance for your small business is no longer just a case of approaching your bank manager and requesting a loan. The market is much more varied, and offers a vast range of products. One funding solution is asset finance.

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I am thinking of selling my business – when is the right time?

Selling your business at the correct time can ensure that you maximise the value you receive. Appropriate timing is subject to both personal and commercial considerations. CHW Small Business Bolton Accountants are experienced in advising on preparing businesses for sale and also managing the sale process.

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Trading allowance and property allowance explained

From 6 April 2017, two £1,000 tax-free allowances came into play. These are the trading allowance and the property allowance. Essentially, the trading and property allowances provide for a complete exemption from income tax if the total trading or property income for the tax year is less than £1,000.

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