VAT in the UK: How It Works and How to Stay Compliant

VAT in the UK: How It Works and How to Stay Compliant

    VAT in the UK is a crucial tax that affects businesses and consumers alike. It applies to most goods and services, making it essential for companies to understand their obligations. Furthermore, businesses must register for VAT if their taxable turnover...
What to do if you can’t pay your tax bill?

What to do if you can’t pay your tax bill?

    What to do if you can’t pay your tax bill is a challenge many face, but there are solutions. Firstly, it’s important to stay calm and take action immediately. Ignoring the issue will only make matters worse. Additionally, remember that tax authorities...
Dormant Accounts: Essential Compliance Tips for Directors

Dormant Accounts: Essential Compliance Tips for Directors

    Dormant accounts play a significant role in business compliance, especially for company directors. When a company is dormant, it’s essential to understand both the Companies House and HMRC perspectives. Although both consider dormancy differently, each...
Can’t Pay Taxes? Expert Tips on What to Do

Can’t Pay Taxes? Expert Tips on What to Do

The deadline for filing your taxes was 31st January 2023. And I’m sure you have filed them already. But now comes the time when you start worrying about having to pay the tax authorities what you owe. What if you can’t pay taxes right away? It’s not the best feeling...