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If you file your VAT returns or make your payments after the deadline for VAT periods beginning on or after 1 January 2023, new penalties will arise instead of the default surcharge. The way VAT [...]

HMRC is encouraging business owners, employers and the self-employed to check online to make sure they are not missing out on a range of tax reliefs and allowances. One page summary of all tax [...]

The new form of the Recovery Loan Scheme (RLS) is designed to support access to finance for UK businesses as they look to invest and grow. Businesses can use the finance for any legitimate [...]

Simon moved to Wright Vigar in June 2022 having worked in practice for over twenty years. Simon manages a portfolio of clients, providing audit and business advisory services primarily for [...]

Over the last few days, we have seen a gradual dismantling of the mini-budget of Friday 23 September 2022, along with the economic policies that Prime Minister Liz Truss based her leadership [...]

The Energy Bill Relief Scheme (EBRS) will provide energy bill relief for non-domestic customers in Great Britain (Scotland, England and Wales). Discounts will be applied to energy usage initially [...]

Self-employed businesses, partnerships and landlords with annual gross business or property income above £10,000 will need to follow the rules for MTD for Income Tax from their next accounting [...]

The balance sheet forms part of the financial statement and help demonstrate what a company owns at any particular time and show important information about a company’s assets, liabilities and [...]

The government’s plans for growth (Updated for the Chancellor’s announcement on 3 October 2022) Chancellor reveals his plan for growth The week leading up to Chancellor Kwasi Kwarteng’s ‘Mini [...]

When it comes to your business, have you ever wondered about the level of your team’s motivation? A well-motivated team is more engaged, committed and enthusiastic in the work that they do, [...]