In-Accountancy

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Personal Tax

time to pay arrangement
Limited Companies

Time to Pay Arrangements: A Lifeline for Owner-Managed Businesses

Are You Struggling to Meet Your Tax Obligations?

More than 30,000 UK businesses were involved in some kind of insolvency action in 2023, which was an increase of more than 50% compared with 2021 according to an article in the Guardian earlier this year.

And the economic outlook would suggest that despite the fact that we are no longer in recession, 2024 and 2025 will be a challenging year for UK small business.

With this in mind we have prepared the following guide and associated video to help you understand what your options are with regards to agreeing what is known as a ‘Time to Pay’ arrangement with HMRC.

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Spring Budget 2023
Limited Companies

Spring Budget 2023 – A bit of a damp squib for small business?

Jeremy Hunt’s first Budget announced on Wednesday 15 March 2023 may have been a bit of a damp squib for small business, but after the chaos of Autumn 2022, for accountants, tax advisors, economists and software companies around the country I suspect there was a huge sigh of relief.

So rather than complain about the lack of anything interesting to talk about, perhaps we should remember that sometimes a little bit of stability goes a long way!

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Self Assessment 2021-22
News

Self assessment tax returns – 15 days and counting

According to HMRC, while I was entertaining my brother and his family, who arrived with us on Christmas Eve morning and stayed until Boxing Day evening, more than 22,000 tax payers were logging on to the Gov.uk website to complete their 2021-2022 self assessment tax returns

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Image of an accountant talking to a client
Limited Companies

The Growth Plan 2022

The Growth Plan 2022 announced by Kwasi Kwarteng this morning went further than anticipated in terms of tax cuts and targeting a growth trend at

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