Cash Flow Management: Essential Tips for Small Businesses
Cash Flow Management Cash flow is the lifeblood of any business, especially for small businesses and startups. It determines whether a business can pay its bills, invest in growth, and remain operational in the long run. Despite the importance of cash flow, many small business owners struggle with managing it effectively, which can lead to … read more Cash Flow Management: Essential Tips for Small Businesses
Why Outsourcing Your Accounting Can Save Your Business Money
Managing finances is one of the biggest challenges for small businesses and startups. Between tax compliance, payroll processing, financial forecasting, and bookkeeping, it is easy to get overwhelmed. Many business owners attempt to handle their accounting in-house, thinking it will save money—when in reality, it often costs them more in errors, inefficiencies, and lost opportunities. … read more Why Outsourcing Your Accounting Can Save Your Business Money
Financial Planning for Startups: How to Build a Strong Foundation
Financial Planning for Startups Starting a business is an exhilarating journey, filled with highs, lows, and unexpected turns. But before diving headfirst into the entrepreneurial world, it’s essential to lay down a solid financial foundation. Effective financial planning is the backbone of any successful startup. Without it, even the most innovative ideas can quickly crumble … read more Financial Planning for Startups: How to Build a Strong Foundation
BBC News
- Apple hits back at US judge's 'extraordinary' contempt order May 8, 2025The legal battle - started by Epic Games - could determine the future of the highly lucrative App Store.
- Bank lowers interest rates and hints at more cuts to come May 8, 2025The Bank cuts rates for the second time this year, saying the slowdown in inflation was behind the move.
- Bank lowers interest rates and hints at more cuts to come May 8, 2025The Bank cuts rates for the second time this year, saying the slowdown in inflation was behind the move.
- UK inflation rate: How quickly are prices rising? May 8, 2025UK Inflation has fallen but remains above the Bank of England's 2% target.
- Sports kits that 'don't last' push prices 'up and up and up' May 8, 2025The School Uniforms (Guidelines and Allowances) Bill is currently being scrutinised by MLAs on Stormont's Education Committee.
- When will interest rates go down again? May 8, 2025Interest rates, set by the Bank of England, affect mortgage, loan and savings rates for millions.
- When will interest rates go down again? May 8, 2025Interest rates, set by the Bank of England, affect mortgage, loan and savings rates for millions.
- Heathrow shutdown cause still unknown, report says May 8, 2025An interim report finds power was restored to Heathrow seven hours before flights resumed.
- What could be in the UK-US tariff deal? May 8, 2025The two nations will announce a deal to reduce tariffs today - here's what could be in it.
- Trump and Starmer to unveil deal to cut tariffs May 8, 2025The UK government has been seeking an agreement to lower tariffs since Trump imposed levies on almost every country in the world last month.
HMRC working with tax agents
- This blog is now archived September 6, 2022Please note that this blog is no longer being updated.Geoff Greensmith
- Mandating the use of P87 forms - Frequently asked questions for agents May 11, 2022From 6 May new secondary legislation came into force allowing HMRC to specify the format of P87 applications. HMRC has updated the form they want customers to use on GOV.UK and from 7 May 2022 all P87 applications must be made on this form.Geoff Greensmith
- End of bulk appeals for late filing penalties May 5, 2022The temporary reintroduction of bulk agent appeals for 2020 to 2021 Income Tax Self Assessment (ITSA) late filing penalties, will come to an end on 6 May 2022 as planned.Geoff Greensmith
- Agent Update 95 has been published April 21, 2022Agent Update 95 is available now and contains the latest articles, updates, help and support for the entire agent community.Geoff Greensmith
- How is HMRC upholding the Standard for agents? April 5, 2022HMRC has published an in-depth review on upholding standards for agents. The review sets out our approach and the statutory powers available to us when dealing with breaches of the Standard. It brings together contributions and examples of work from across HMRC and it’s the first time this information has been published in one place.Geoff Greensmith
- Authorisation to discuss Self Employment Income Support Scheme (SEISS) grants on behalf of your clients March 29, 2022We may not be able to talk to you about your clients’ SEISS grants unless we receive additional consent from them. This is because our existing process – the 64-8 agent authorisation – was not designed to cover the support provided in response to coronavirus, such as SEISS grants, so the usual taxpayer confidentiality rules apply. We require this additional authorisation […]Geoff Greensmith
- New 64-8 agent authorisation form March 24, 2022From 31 March 2022, new clients will need to use a new form 64-8 to give authorisation for you to deal directly with us on their behalf. Existing clients do not need to re-authorise their current relationship.Geoff Greensmith
- Spring Statement 2022 March 23, 2022The Chancellor made his annual Spring Statement speech today where he set out the Government’s tax plan to support the UK economy, businesses and families in both the short and the medium term.Geoff Greensmith
- Agent Update 94 has been published March 17, 2022Agent Update 94 is available now and contains the latest articles, updates, help and support for the entire agent community.Geoff Greensmith
- Bulk appeal for Late Filing Penalties – Coronavirus March 2, 2022Due to the impact of coronavirus on individuals and businesses around the country, HMRC has not issued a Late Filing Penalty for anyone who has been unable to file their 2020-21 self-assessment return by 31 January 2022 providing they did so by 28 February 2022.Geoff Greensmith
HM Revenue & Customs – Activity on GOV.UK
- Check genuine HMRC contact that uses more than one communication method May 8, 2025Check recent contacts from HMRC to help you decide if a suspicious email, phone call, text or letter could be a scam.HM Government
- Guidance: Find software suppliers for the Construction Industry Scheme (CIS) May 8, 2025Find recognised suppliers and software for the Construction Industry Scheme.HM Government
- HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.25%. May 8, 2025The Bank of England Monetary Policy Committee announced on 8 May 2025 to reduce the Bank of England base rate to 4.25% from 4.50%.HM Government
- Inheritance Tax Manual May 8, 2025 HM Government
- Form: Instruct your bank or building society to pay your VAT by Direct Debit May 8, 2025Use the Making Tax Digital VATC9 form to tell your bank or building society to set up a Direct Debit to pay your VAT.HM Government
- Self Assessment Manual May 8, 2025This manual contains guidance and processes for Self Assessment (SA)HM Government
- Corporate report: Named tax avoidance schemes, promoters, enablers and suppliers May 8, 2025Information about tax avoidance schemes, promoters, enablers and suppliers of these schemes.HM Government
- Official Statistics: Customs declarants and declaration volumes for international trade in 2024 May 8, 2025This publication details the volume of customs declarations and number of businesses declaring international trade in goods in the calendar year 2024.HM Government
- Promotional material: Communications resources to help you move goods from Great Britain to Northern Ireland May 8, 2025Information and resources to help businesses use the Windsor Framework changes for parcels and freight.HM Government
- Data tables for customs declarants and declaration volumes for international trade in 2024 May 8, 2025The following data tables contain the number of customs declarants and declarations volumes for international trade in 2024.HM Government