It is estimated about 4,000 UK customers could have received tax statements between 2021 and 2025 that contained incorrect figures meaning to much or too little tax may have been... allnumbers.co.uk/are-you-a-c…

The way your income and allowances are ordered on a P800 calculation can throw up different tax liabilities even if the underlying income figures are the same. Those with several... allnumbers.co.uk/dont-just-a…

A recent announcement by the Prime Minster has centred on a cut to VAT on domestic electricity bills from 1 October. While this does primarily effect households there are some... allnumbers.co.uk/electricity…

HMRC are writing to contractors where they believe errors in tax deductions may have occurred. If affected, you should use HMRC’s online form to explain any errors and put right.... allnumbers.co.uk/paying-subc…

An improved self-assessment registration service has been launched. If you need to complete a 2025/26 tax return and have never done one before you will need to register by 5... allnumbers.co.uk/hmrc-improv…

A consultation on value extracted from a company and how this should be taxed recently closed. The eventual outcome could affect the tax treatment of areas such as share reorganisations,... allnumbers.co.uk/hmrc-review…

There are various challenges in starting a business, one of which that isn’t necessarily discussed a lot are the challenges to managing your finances and bookkeeping. Unless you’ve got experience... allnumbers.co.uk/accounting-…

Tax planning is an important part of managing your business’s finances, with the aim of implementing legal tax strategies to minimising your tax liability. In simple terms, tax planning is... allnumbers.co.uk/business-fi…

The government has recently reaffirmed that small and micro companies will be required to file a profit and loss statement (P&L) along with their annual accounts. At present small and... allnumbers.co.uk/changes-to-…

The Making Tax Digital (MTD) for Income Tax system is compulsory and the deadline to register and submit the first quarterly update is on 7 August. HMRC estimates that nearly... allnumbers.co.uk/still-to-si…

From 6 April 2026 HMRC is requiring any sole traders or landlords with an annual income in excess of £50,000 to make submissions through Making Tax Digital for Income Tax... allnumbers.co.uk/making-tax-…

From 6 April 2026 HMRC is requiring any sole traders or landlords with an annual income in excess of £50,000 to make submissions through Making Tax Digital for Income Tax... allnumbers.co.uk/making-tax-…

The construction industry has always been plagued with late payments, especially for smaller businesses who are sometimes at the whim of larger contractors. These delays, along with increasing more expensive... allnumbers.co.uk/late-payers…

Despite the Treasury recently refuting claims as “nonsense”, as part of its proposed changes to ISA rules, cash that is held in a non-cash ISA will be taxed at 22%.... allnumbers.co.uk/cash-held-i…

The Government is pressing ahead with accounts submission changes. From1 April 2028 the inclusion of a profit and loss account will be required for small companies and micro-entity submissions BUT,... allnumbers.co.uk/incoming-co…

The mandatory payrolling of all BIK (except loans and employer provided accommodation) planned to begin from 6 April 2027 will now... allnumbers.co.uk/benefits-in…

Every business owner knows that an accountant comes hand in hand with your business, you generally can’t have one without the other. What not all business owners know though is... allnumbers.co.uk/how-does-an…

Recent research by Intuit QuickBooks has shown that employees in small businesses, defined in this instance by businesses with less than 9 employees, has increased by 1,300 jobs in March.... allnumbers.co.uk/employment-…

The modernisation, and digitisation of businesses has brought immeasurable benefits in all sorts of ways. However, with more and more being put in the digital domain it’s becoming increasingly important... allnumbers.co.uk/digitalisat…

Running a business will always come with costs, from suppliers to general overheads, these can build up to significant amounts over the course of a year and chip away at... allnumbers.co.uk/running-a-b…