Starting a seasonal business? Here is what you need to know

Are you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own set of unique challenges and opportunities.

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Earning between £100,000 and £150,000? Your tax return is changing

If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.

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Furnished residential lets vs Furnished Holiday Lets – The tax situation

If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.

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How SMEs can benefit from £6.4 million AI training fund

The Department for Science, Innovation and Technology (DSIT) has recently introduced a vital initiative targeted at small and medium-sized enterprises (SMEs) in the Professional Business Services sector.

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Concerned about Capital Gains Tax changes? Here’s what you need to know.

The start of the 2024/25 financial year saw the Capital Gains Tax (CGT) Annual Exempt Amount fall to a historic low of £3,000, down from £6,000 the previous year.

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Changing your VAT details? Remain vigilant over latest fraud activity

HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484.

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Is it time to scale up your start-up?

Scaling your start-up is a crucial decision for business owners, as it can directly impact the business’s long-term success.

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Everything you need to know about Patent Box

One of the main ways that the Government encourages the use and commercialisation of innovative intellectual property is through tax relief.

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The most common VAT filing mistakes – and why MTD is the solution!

If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return to HM Revenue & Customs (HMRC) – at least once every three months.

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How your business can benefit from using Management Accounts

Management Accounts consist of regularly updated reports for both internal managers and external stakeholders or investors.

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Get in touch

If you would like to find out more about how we can help you, please give us a call or send us an email.

Phone us
01642 632032

Email us
info@bainesjewitt.co.uk

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