Tax enquiries can happen to anyone – some taken up on an entirely random basis - so it is worth familiarising yourself with the types of enquiries HMRC conducts.
If you want to make your invoices stand out, get paid faster and save time, leading cloud-based accounting software Xero, and its advanced invoice features, can help you achieve this.
There are a number of things to consider when it comes to starting your own business and near the top of the list will be choosing the most suitable trading option.
From December 2021 until August 2023 the Bank of England raised interest rates from a historic low of 0.1% to 5.25%. As a result, many law firms are now receiving significant amounts of interest income on client monies.
A string of changes for businesses and individuals are now in force and it is vital to consider how they will impact you and your business when it comes to your financial planning for the new fiscal year.
All businesses, regardless of size, are required to report taxable benefits in kind and certain expenses provided to employees and directors. This is done annually through a P11D form submitted to HMRC.
Several issues can lead to a law firm’s financial instability, and in some cases, actions can be taken to improve performance. However, sometimes a firm’s debt is just too large to make survival possible. What are the next steps?