Mayflower Accountancy’s key takeaways from the Spring 2023 Budget in a budget aimed towards growing the UK economy
Spring 2023 Budget – Summary
read more
Tax
Why I think MTD is a great idea
Changes to your business routine can be disorientating, but MTD is great for businesses and will only benefit their operations and accounting.
What are trivial benefits?
Giving gifts is a great way to show employees that you care, but there are some rules to be mindful of. Here’s what you need to know.
Spring Statement 2022 – 6 Key Points
In his Spring Statement, The Chancellor announced some reliefs to address the cost of living crisis, but does it go far enough?
5 things to think about before the end of the tax year
March is an important month in the tax calendar as it is the last time you can influence your tax bill. Here are five things to think about before we close 21-22.
What happens in a HMRC investigation?
If, for whatever reason, you or your business becomes the subject of an HMRC investigation, here’s what you can expect.
I’ve had a tax penalty – how do I appeal?
Following the self-assessment deadline, you might have the unpleasant surprise of a penalty notice from HMRC. There are ways to appeal this, though.
How do I hire my first employee?
Hiring your employee is an exciting, but daunting experience. Here are our top tips to think about before you hire employee number one.
How to shield your estate from inheritance tax
2020/21 saw the second biggest inheritance tax take ever and projections suggest it will bring in more and more. How can you reduce your inheritance tax bill?
Capital gains tax: is your tax bill set to rise?
Capital gains tax receipts are on the rise, reaching a new record level for the last tax year according to the latest HMRC statistics. Should you be worried?
Claiming company cars
The company car is one of the most convenient benefits you can offer, and business owners can deduct some, or in some cases all of the cost before tax.
What’s on the roadmap for Making Tax Digital?
Making Tax Digital is marching on, with new developments planned for VAT reporting, income tax and eventually corporation tax. Here’s how you can prepare.