How “open banking enhancements” could transform your business finances
HM Revenue & Customs (HMRC) has rolled out a new initiative known as “open banking enhancements,” designed to make tax management more efficient for businesses.
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Understanding the tax risks of overdrawn directors’ loan accounts
If you’re a director, shareholder, or closely related party in a company, having an overdrawn loan account by the end of the financial year could lead to additional tax liabilities…
Self-Assessment tax returns: a guide for sole traders
The deadline for your online Income Tax Self-Assessment (ITSA) is 31 January 2024.
Auto-enrolment broadens to encompass workers aged 18+
A legislative proposal to broaden the scope of the auto-enrolment (AE) programme has successfully passed through Parliament indicating that it is set to become a regulation in the foreseeable future.
Five ways to take advantage of financial forecasting
In the ever-changing world of business, monetary foresight is not just a luxury, but a necessity.
The golden rule of accounting: turning liabilities into assets
One of the most important rules of growing and maintaining your business is the act of transforming liabilities into assets.