Knowledge Space & News

2023 VAT information By reading this blog you will gain insight to the world of VAT, and the upcoming changes that the government has set in place for 2023. The

What impact does Section 24 of the Finance Act 2015 have on Landlord’s If you’re a landlord in the UK, you’ve probably heard about Section 24 of the Finance Act

A brief introduction to Bookkeeping, and the tips to follow for a healthy business plan in bookkeeping.   Record Keeping Keeping track of your records is extremely important for several

Below is a list of the most common expenses which can be offset against residential property income held outside of company or LLP;   Interest and other finance charges The

If you are a landlord and do not declare your income from let property to HMRC, from our experience, there is a strong possibility that you will receive a prompted

HMRC Tax Investigations HMRC raises over £30 billion from its compliance activity through investigations/enquiries each year. This is likely to increase especially following the huge deficit in the Treasury after

What is HMRC Connect? The HMRC Connect Computer System is a supercomputer and analysing tool that was developed over many years with more than £100m invested into it. This supercomputer

Starting a new business? If you have taken the decision to start your own business, you may be overwhelmed by the sheer number of choices when it comes to how

Have you got a small side hustle and worried about the tax implications? Are you worried if you should be declaring it and paying tax? Thinking if you need to