Starting January 1, 2023, VAT penalty changes impact all return filers, regardless of amount. The new system has distinct penalties for late filing and late payment, and interest calculation has also been adjusted. The new points system HMRC intend for this to be less punitive when the taxpayer misses the occasional deadline. It will […]
A reminder – points add up to penalties from 1 January 2023 Read More »
Closing a limited company can be necessary for various reasons, such as a change in business needs, inactivity, or insolvency. The process typically requires the consent of all directors and shareholders. The method for closing a company depends on its financial status. For solvent companies, you can either apply for a strike-off or initiate a
Why close a limited company Read More »
Retirement may be a long way off, but when it does come time to leave your business, you want to ensure it is in the best shape it can be. And that requires some forward planning. What is an exit strategy? As a business owner in the UK, it’s essential to have a plan for
Leaving your business? Why you should plan an exit strategy Read More »
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