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Late payments stifling small businesses

Research which more than 1,000 small businesses took part in, revealed that small businesses were struggling to ensure their invoices were paid on time according to Crossflow payments.

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HMRC’s continued aggressive approach to reduce the tax gap

HMRC are looking to close the tax gap – and small businesses are on their radar. The tax gap is the amount that should be collected by HMRC, and currently stands at £36 billion, although it’s at its smallest in more than ten years.

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The likelihood of HMRC enquiring into every business is on the rise

The “tax gap” (the difference between the amount of that should (in theory) be collected by HMRC against what is actually collected), stands at £36 billion,…

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Proposed changes to the VAT flat-rate scheme

If your business operates the VAT flat-rate scheme, there are new rules which could have a significant impact. Proposed changes to the VAT flat-rate scheme (FRS)…

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5 April fast approaching – are you prepared?

The end of the tax year is fast approaching, and we understand that no-one wants to pay more tax than they have to. It’s important to…

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