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Accounting standards that impact businesses’ financial reporting are prone to the odd reshuffle every now and then, so it is important for business owners to stay informed.
As we approach the 31 January 2024 tax return deadline, it’s crucial for sole traders, to be well-prepared and aware of your obligations.
Running a small business involves a lot more than juggling logistics. Knowing how to tackle and overcome challenges is an essential aspect of entrepreneurship.
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area.