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
- US trade court blocks Trump's 'Liberation Day' global tariffs May 29, 2025The Trump administration lodged an appeal against the ruling shortly after it was announced.
- Elon Musk says he is leaving Trump administration May 29, 2025Musk thanked Trump for allowing him to lead Doge and says he believed the cost-cutting agency would continue to grow.
- Planning change to make installing heat pump easier for millions May 28, 2025The rule requiring planning permission if a heat pump is within 1m of a neighbours property has been removed.
- Chile's salmon farms hope for calmer waters May 28, 2025Chilean salmon producers are being criticised for operating in some of the country's national parks.
- Reeves outlines plan for £25bn pension 'megafunds' May 28, 2025The government says its overhaul of retirement savings will boost growth and pension pots.
- UK car production falls sharply in April May 28, 2025The number of new vehicles made in the UK was the lowest figure for April - outside the pandemic - since 1952.
- Hailey Bieber's makeup brand sold to e.l.f. in $1bn deal May 28, 2025Buyer e.l.f. Beauty calls it a "beautiful brand that we believe is ready for rocketship growth".
- Nvidia revenues surge despite tariff uncertainty May 28, 2025AI chip demand lifted Nvidia's revenues and profits, despite restrictions on sales to China.
- Trump blasts 'nasty' chicken gibe about his tariff reversals May 28, 2025The president was not pleased with an acronym, standing for "Trump Always Chickens Out", reportedly coined on Wall Street.
- Second suspect arrested in alleged crypto torture scheme May 28, 2025Police say the two men kidnapped an Italian businessman and tortured him with a gun, chainsaw and electrical wires for nearly three weeks.
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
- Double Taxation Relief Manual May 28, 2025The principles of double taxation relief and lists of all countries with which the UK has a double taxation agreement.HM Government
- Guidance: Data Element 2/3: Documents and Other Reference Codes (Union) of the Customs Declaration Service May 28, 2025Find the relevant document codes, document status codes and details to be declared such as licences and certificates (Appendix 5A).HM Government
- Enquiry Manual May 28, 2025How HM Revenue & Customs carries out tax enquiry workHM Government
- VAT Refunds Manual May 28, 2025Guidance on the handling of claims made by traders to correct errors that they have made in the conduct of their VAT affairs, which may lead to a refund of VATHM Government
- Help with self-employment on your Self Assessment tax return May 28, 2025Find information on completing the self-employment section of your Self Assessment tax return.HM Government
- HMRC email updates, videos and webinars for employing people May 28, 2025Learn more about getting started as an employer or running a small business including registration, payroll, tax returns, tax bills and payments.HM Government
- HMRC email updates, videos and webinars for landlords May 28, 2025Learn more about paying tax and keeping records as a property landlord.HM Government
- Guidance: Insolvency practitioner bulletin 6 (2025): repayment and refund satisfaction survey May 28, 2025This bulletin tells you about our latest survey on repayments and refunds.HM Government
- HMRC email updates, videos and webinars for money laundering supervision May 28, 2025Learn more about money laundering regulations, your responsibilities and how to report suspicious activity.HM Government
- Check genuine HMRC contact that uses more than one communication method May 28, 2025Check recent contacts from HMRC to help you decide if a suspicious email, phone call, text or letter could be a scam.HM Government