From today, June 1, 2023, HMRC has updated its Advisory Fuel Rates (AFR).

Policymakers have a golden opportunity to help small firms make the most of tourism season this summer as the holiday season kicks off, according to the Federation of Small Businesses (FSB.)

Over the past couple of months we've come across a few clients that wanted to know more about Director's Loans and how to make them work for your business.

HMRC has announced today the closure of the VAT registration helpline from Monday 22 May. This gives agents and taxpayers just five days’ warning that the service will end.

Xero, the global small business platform, has today launched a report revealing overall small business owner wellbeing is currently below that of the general population, serving as a reminder of the myriad challenges small business owners are dealing with in 2023 – including high inflation, slowing economic growth, concern about staff wellbeing and general uncertainty about the future.

If you have previously registered a scheme with HMRC, you must submit an online end-of-year return for each registered scheme by midnight on 6th July.

Small business confidence recovered strongly between Q4 2022 and Q1 2023, but is still in lightly negative territory, according to the latest Small Business Index report.

In your tax affairs, you may have encountered the term P60 if you're an employee or pensioner in the UK. Your annual earnings and tax deductions are recorded in this document. In this article Zyla Accountants will explain what a P60 form is, why it matters, and how to obtain a copy if necessary.

It is essential for small businesses to get paid on time. Find out why it's so important to stay on top of late payments. It feels great to get paid for a job well done; every invoice paid is another opportunity to do more of what you love.

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