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
Digital Accounting vs. Traditional Accounting: Which One is Right for You?
Digital Accounting vs. Traditional Accounting In today’s fast-paced business world, accounting plays a crucial role in managing finances, tracking expenses, and ensuring regulatory compliance. However, with the rise of digital technology, businesses now have more options than ever before when it comes to managing their financial records. This has led to an ongoing debate: Digital … read more Digital Accounting vs. Traditional Accounting: Which One is Right for You?
Common Accounting Mistakes Small Businesses Make (And How to Avoid Them)
Common Accounting Mistakes Small Businesses Running a small business requires juggling multiple responsibilities, and accounting is one of the most critical—yet commonly mismanaged—areas. Many business owners, especially those without a financial background, make avoidable mistakes that lead to cash flow issues, tax penalties, and financial instability. Whether it’s poor record-keeping, misclassifying expenses, or failing to … read more Common Accounting Mistakes Small Businesses Make (And How to Avoid Them)
BBC News
- Trump threatens 200% tariff on alcohol from EU March 13, 2025Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.
- John Lewis profits jump but no staff bonus again March 13, 2025The retailer will not pay out a staff bonus for the third year in a row.
- What are tariffs and why is Trump using them? March 13, 2025Tariffs are a central part of Trump's political vision, but economists fear they could spark a trade war.
- Man Utd co-owner's firm recalls SUVs over risk of doors flying open March 13, 2025Sir Jim Ratcliffe's Ineos Automotive will replace the door latch mechanisms in more than 7,000 SUVs.
- Keep kids off Roblox if you're worried, its CEO tells parents March 13, 2025The gaming platform is wildly popular, but has been rocked by allegations it exposes children to harmful content.
- Ireland 'ready to work' with US to bring peace, says Martin March 13, 2025Taoiseach Micheál Martin has presented US President Donald Trump with a bowl of shamrocks in the White House as part of St Patrick's Day celebrations.
- US tech firms feel pinch from China tariffs March 13, 2025The price of China-made smartphones, TVs and laptops could rise in the US and elsewhere, experts warn.
- US tariffs could extend Germany's recession, says bank March 13, 2025Germany's central bank president says US tariffs and retaliation to them could tip Europe's largest economy into recession again.
- Disabled people must have a say in rail reforms, senior MP says March 12, 2025The transport committee chair urged the government "not to forget about disabled people" ahead of nationalisation.
- Trump pledges to match EU and Canada's retaliatory tariffs March 12, 2025Trump repeated trade threats after the European Union and Canada retaliated to US steel and aluminium tariffs.
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
- PAYE Manual March 13, 2025Guidance for staff working through PAYE processes for individuals and employers. HMRC is currently reviewing this guidance. If you have any comments or feedback, please email: hmrcmanualsteam@hmrc.gov.ukHM Government
- Appeals reviews and tribunals guidance March 13, 2025Appeals, Reviews and Tribunals GuidanceHM Government
- VAT Export and Removal of Goods from the UK March 13, 2025Guidance on the VAT treatment of goods supplied for export and removal from the United KingdomHM Government
- Calculate interest and penalties for tax years ending 5 April 2005 to 5 April 2023 March 13, 2025Use this form to work out interest and penalties for tax years ending 5 April 2005 to 5 April 2023.HM Government
- Calculate tax, interest and penalties for the tax years ending 5 April 2010 to 5 April 2023 March 13, 2025Use this form to work out Income Tax, interest, penalties and Class 4 National Insurance contributions for tax years ending 5 April 2010 to 5 April 2023.HM Government
- VAT Repayment Supplement Manual March 13, 2025This manual provides technical, policy and procedural guidance to HMRC staff, about circumstances when HMRC might become liable to pay a repayment supplement to a business.HM Government
- Corporate report: Named tax avoidance schemes, promoters, enablers and suppliers March 13, 2025Information about tax avoidance schemes, promoters, enablers and suppliers of these schemes.HM Government
- Corporate report: Businesses not complying with money laundering regulations March 13, 2025A list of businesses that have not met their obligations under the 2017 regulations.HM Government
- Notice: Notices made under The Customs (Export) (EU Exit) Regulations 2019 March 13, 2025Notices made under The Customs (Export) (EU Exit) Regulations 2019 which have force of law.HM Government
- Capital Gains Manual March 13, 2025HMRC is reviewing the CG Manual to ensure it provides HMRC’s interpretation of relevant legislation where there is more than one reasonable view of how rules work.Where material in the CG Manual isn’t providing an interpretation, that material is being removed. Where appropriate, material will be reproduced elsewhere and linked from the CG Manual.HM Government