Category: VAT Services

Running a small business comes with many responsibilities – from managing cash flow to meeting tax deadlines. One area that can catch people out is HMRC penalties. These fines can add up quickly if you miss deadlines, make mistakes on returns, or fail to pay what’s due. Understanding how penalties work (and how to avoid…

Spreadsheets are one of the most common tools used by small businesses to keep track of finances, customers, and day-to-day operations. They’re flexible, low-cost, and most business owners are familiar with them. But there comes a point where spreadsheets start holding your business back rather than helping it. The Limitations of Spreadsheets While spreadsheets are…

One of the most common areas of confusion we see with business owners is the difference between dividends and a Directors’ Loan Account (DLA). While both can involve money moving between the company and its directors, they are not the same thing and mixing them up can lead to unexpected tax bills and HMRC scrutiny.…

HMRC has announced an important change to the way mileage rates work for fully electric company cars. From 1 September 2025, the current single advisory rate of 7p per mile will be abolished and replaced with two new rates, reflecting the different costs of charging at home compared to using public chargers. What’s changing? The…

As summer winds down, many business owners turn their attention to the final quarter of the year – Q4. It’s a crucial period for hitting targets, tidying finances, and making smart tax decisions before the year ends. With a little forward planning, you can close out the year with confidence and get a head start…

If your business turnover has just nudged over the VAT registration threshold and you’re wondering if you’re too late, don’t panic (yet). But do act fast. Missing your VAT registration deadline can cost you money, time, and a good amount of stress. Here’s what happens, what HMRC expects, and how to fix it if you’re…

Understanding when to register for VAT (Value Added Tax) can significantly impact your business finances. With the latest thresholds and regulations in place for 2025, businesses must be vigilant about their obligations. In this blog post, we’ll explore when you should register for VAT, the latest thresholds, and key considerations for your business. Current VAT…