Category: Wednesday Wisdom

The SA302 form is a document provided by HMRC that outlines a person’s tax calculation for a given tax year. It serves as a summary

Taxable profit is simply the amount of your business income that’s subject to tax, calculated by subtracting your allowable business expenses from your total income.

Pre-registration expenses for VAT are a specific set of expenses you can claim within a certain time period of registering your business. There is some

Ever since the start of the coronavirus pandemic, there has been a significant increase in people looking at making tax relief claims due to the

A cash flow statement tells you how much cash is entering and leaving your businesses. Along with balance sheet and income statements, it is one

A government gateway account is an online login that lets you access and manage UK government services. The government gateway account is a secure key

R&D stands for Research and Development (R&D). R&D Tax Relief is a government program that helps UK businesses reduce their Corporation Tax. Businesses can also

Accounting for government grants became a thing after the devastating impact of Covid-19. While grants used to live in the realms of the charity and

Well… perhaps. If you are a service provider, for example you are provide branding or marketing or architecture services then the changes to the treatment