
Import VAT for Small Business
We detailed HMRC's move of customs declarations to the new customs IT platform in a previous article. At that time, the previous customs system (CHIEF) will be replaced. Click here to view the original text In this article, we will focus on providing small and micro...

Tips of Hiring Your Family Members
Recently, our client, Ms Wang, stumbled upon us and asked us what to look out for when hiring family members. Maybe you've thought about the same thing, since hiring a family member might be a good idea after all. Family ties may increase trust and understanding, but...

Beware of your address being used
Photo by Gemma Evans on UnsplashA BBC investigation has found that criminal gangs have registered companies with thousands of home addresses. The families were unknowingly and even targeted. Investigations have revealed that criminal gangs have registered a large...

Cash Savings or Investing
Photo by Nick Fewings on UnsplashOur recent articles have been keeping you updated on inflation and bank interest news. In fact, most people will reduce the frequency of consumption during this special period and save money instead. Maybe you're wondering how to get...

Effect of the raising interest rate
Photo by Robert Bye on Unsplash Recently, the Bank of England implemented the largest interest rate raise in 27 years in order to reduce inflation. The move is seen as the most efficient solution to the cost of living crisis, but millions of borrowers are...

Details of £400 Energy Grant
In a previous article we mentioned that the government will give households a £400 discount on their energy bills in winter. As the date draws near, the government has recently announced details on the energy grant. The grant covers almost all households in the UK and...

How Sole Traders Choose Pension Savings
As of now, more and more people tend to start their own companies or start their own businesses or take the form of individual employment. As the self-employment market grows, people are gradually leaving their workplaces. This means that there are no longer...

The Register of Overseas Entities
Companies House has confirmed that the Register of Overseas Entities was officially opened from 1 August 2022, a decision created under the Economic Offences (Transparency and Enforcement) Act 2022 passed earlier this year. This means that overseas owners who want to...

Beware of ‘careless mistakes’
Penalties for careless mistakes in tax returns? Recently, some departments have calculated the 2021/22 year HMRC fines for taxpayers in tax returns. The 80% penalty for "careless mistakes" by taxpayers has nearly tripled by 40,000 from the previous year.How to Assess...

4 Problems Getting Your Mortgage
In our previous article, we talked about how to get better mortgage rates during the home buying spree to ease the stress of future repayments. This article will focus on what the someone are self-employed and sole traders need to be aware of when taking out a...