HMA ACCOUNTANTS

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News

Claiming tax relief on business insurance

If you are self-employed, you may be able to claim tax relief on certain business...

Are you using the best VAT scheme for your business?

Small businesses have several VAT schemes available that can simplify VAT administration and may help...

Is HMRC holding money that belongs to you?

It is important to know if HMRC is holding money that belongs to you. For...

Advising HMRC of change in circumstances

If your personal details or circumstances change, you may need to tell HMRC as this...

Self-Employed – Are your business records in order?

As a self-employed individual, whether a sole trader or partner, you must keep accurate records...

Does your business need to register as an employer?

If you are starting to employ staff or engaging subcontractors for construction work, you will...

Don’t let discrimination lead to resignation or risk facing career compensation

A recent ruling has cleared the path to uncapped financial compensation following a forced resignation...

Could new VAT rules change how you sell online?

The Government has launched a consultation on proposals that could significantly change the way VAT...

Has a pay rise quietly increased your tax bill?

Many employees and business owners have welcomed higher earnings over the past few years. However...

Do you know who must register for VAT?

Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or...

When does a hobby become a taxable business?

Not every hobby becomes a taxable business, but it is important to be aware when...

Could your business recover more VAT?

If your business is VAT registered, you can usually reclaim VAT on many of the...

Is your spouse paying more tax than necessary?

Married couples and civil partners are taxed separately for Capital Gains Tax (CGT), meaning each...

Could you claim tax relief for property repairs?

Property owners often incur costs for repairs, and understanding which costs can be deducted is...

Are you maximising tax relief on company losses?

If your company makes a trading loss, it may be able to claim relief to...