HMRC – Page 2 – Talk Business | Entrepreneur & Business Advice

3 ways to deal with short-term cash flow problems

February 21, 2018October 2, 2019 Dominic Lill Cash flow, Finance, Funding, HMRC, invoice factoring, Payment, problems, short term, solutions, taxes

It’s one of those problems that blights young companies all of the time – and it’s frustrating to say the

Treasury owes UK SMEs £84 billion in R&D tax relief

January 25, 2018September 24, 2019 Dominic Lill HMRC, R&D, SMEs, tax credits, tax relief, treasury

The Treasury owes Britain’s small businesses a staggering £84bn in backdated Research & Development (R&D) tax relief because the tax

Money

Accounting records you need to retain to keep the taxman away

January 8, 2018September 25, 2019 Dominic Lill accountants, accounting, bookkeeping, Debt, expenditure, expenses, HMRC, income, loans, Tax, taxman

Recordkeeping represents an important discipline in the world of accounting. After all, the dreaded knock of the taxman is enough

People

Advantages and challenges of contracting

September 26, 2017 Dominic Lill advantages, Career, challenges, contracting, contractors, disadvantages, downtime, employment, HMRC, IR35, legislation, National Insurance, office, personal life, Skills, Tax, variety, Working

When approaching the idea of contracting, or any big change in their career, people often collate lists that clearly outline

Money

Opportunities available to SMEs in claiming R&D Tax Credits

September 20, 2017September 20, 2017 Dominic Lill Business advice, costs, credit claim, developing, HMRC, incentives, innovations, Investment, manufacturing, micro businesses, misconceptions, R&D, relief, research and development, SMEs, Tax, tax claim

R&D Tax Credit statistics recently unveiled by HMRC and accumulated by the Office for National Statistics show that during previous

Money

How UK businesses can identify projects eligible for R&D tax relief

September 11, 2017 Dominic Lill claims, Development, eligibility, eligible, functionality, guide, HMRC, manufacturing, process, product, R&D, research and development, science, SMEs, software, tax credits, tax relief, technology, tools

R&D tax relief isn’t limited to companies doing work in laboratories. In fact, almost any company in any industry is

Money

Don’t risk making these VAT mistakes!

August 31, 2017September 12, 2017 Dominic Lill accounting, Apps, Cash, evidence, expenses, flat rate scheme, goods, HMRC, income, invoices, limited cost trader, returns form, small business, suppliers, VAT mistakes

VAT is simple in principle but tricky in practice. This is important as once your business is VAT registered there

Money

How will your business benefit from making tax digital?

July 27, 2017April 29, 2020 Dominic Lill accountants, digital, HMRC, information, plan, repayments, self-assessment, self-employed, Tax

There has been talk and a gradual move towards making tax digital for both individuals and businesses over the last

Money

Are you claiming tax relief on your R&D costs?

December 14, 2016December 14, 2016 Dominic Lill benefit, bill, Cash flow, credits, Development, Funding, Global, HMRC, innovation, Investment, Payment, R&D, Research, scandal, Scheme, SMEs, tax relief, technology

The HMRC will be keeping a watchful eye on companies making late payments for their scheduled tax bills, with plans

Money

The taxman cometh – Could your business survive a tax investigation?

October 13, 2016October 13, 2016 Dominic Lill Business advice, Cost, entrepreneur, Federation of Small Business, FSB, funds, HMRC, income, inspection, investigation, Tax, taxman

Could your business survive a tax investigation? Do you know how these operate and what’s involved? If the answer is

Money

Tax clampdown on winding up creates uncertainty for business

September 28, 2016 Dominic Lill avoidance, Business advice, Company, entrepreneur, Entrepreneurs, HMRC, SMEs, Tax, taxation

The Chartered Institute of Taxation (CIOT) is concerned that businesses undertaking some commercial transactions will face unnecessary uncertainty because of

Money

How SMEs can save money through R&D

April 25, 2016 Dominic Lill Business advice, Development, HMRC, R&D, Research, SMEs, Tax

While the majority of business owners have heard of Research and Development (R&D), most think it’s the exclusive preserve of

Wesleyan Bank offers top ten tips to enable SMEs to reduce their tax bill

January 8, 2016August 23, 2021 Dominic Lill bill, HMRC, Tax, tax relief

The spotlight into the tax affairs of SMEs is shining brighter than ever, evidenced by HMRC collecting an additional *£470m

Money

How to avoid an expenses headache at Christmas

December 9, 2015December 8, 2015 Dominic Lill 0 Comments accounting, Christmas, Finance, Gifts, HMRC, money, PAYE, taxes

Santa’s little helper (aka Bernard Crumlish, management accountant at webexpenses) offers his top tips to help accountants keep on top of

Strategy

An employer’s guide for maximising tax relief

March 30, 2015November 12, 2022 Dominic Lill 0 Comments HMRC, National Insurance, pensions, Tax

The UK’s tax system can be horribly complex for the uninitiated. Most employers start their businesses to develop their products