Tackling your SME’s audit obligations

Tackling your SME’s audit obligations

Small and medium-sized enterprises (SMEs): are you aware of the benefits of an audit? As you gain traction and begin to grow your business, remaining transparent and authentic to stakeholders and customers alike is key. One of the main ways to do this is by undergoing...
Postponed VAT Accounting: How does it work?

Postponed VAT Accounting: How does it work?

In a post-Brexit Britain, SMEs find themselves subject to import VAT on all goods worth more than £135 bought from EU companies as well as those outside the EU. Traditionally, businesses paid import VAT either as the goods reach the border, or via a Duty Deferment...
Tax Relief: Newly merged R&D scheme

Tax Relief: Newly merged R&D scheme

Are you aware of the newly merged R&D (Research and Development) relief scheme? Well, following on from last year’s Autumn Budget, the scheme has now come into effect, implemented for accounting periods beginning after 1st April 2024. It has presented...
Autumn Statement Summary 23

Autumn Statement Summary 23

Yesterday, Jeremy Hunt delivered the 2023 Autumn Statement, his third fiscal announcement as Chancellor of the Exchequer. Following the OBR’s recent confirmation that inflation has halved since January, the statement featured a stronger focus on tax cuts and...