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Business Advice: An Investment, Not a Cost

Business Advice: An Investment, Not a Cost

by | Mar 17, 2025 | Business Support

Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities. The world is unpredictable, and rigid plans can quickly become outdated. Whether in business or personal life, flexibility ensures resilience and...
Group relief for trading losses

Group relief for trading losses

by | Mar 13, 2025 | Corporation Tax

Group relief helps reduce the overall Corporation Tax of a group of companies by allowing them to share losses. For example, if a parent company has profits of £1,000 and its subsidiary has losses of £100, the group is treated as making £900 in...
Tax and Maintenance Payments

Tax and Maintenance Payments

by | Mar 13, 2025 | Income Tax

Maintenance Payments Relief reduces Income Tax for those making court-ordered payments to an ex-spouse or civil partner. To qualify, one party must have been born before 6 April 1935. The relief is 10% of payments, up to £428 per year. To qualify for this...
How VAT Payments on Account Work

How VAT Payments on Account Work

by | Mar 13, 2025 | Value Added Tax

Businesses owing over £2.3 million in VAT annually must make advance payments on account. These are based on the previous year’s VAT liability and paid in instalments. Late payments incur penalties, but adjustments may be possible for fluctuating...