A business plan is an essential document for any new business. It is the route map of how an idea manifests itself into a viable business. It is also an essential document if you need to raise finance for your business.
Currently, if you make a tax payment to HMRC you are only charged a fee if paying using a business credit card. Payments by personal credit cards are not permitted.
In order to help investors access to cash during the pandemic, the Government has reduced the withdrawal charge from 25% to 20%. This is temporary and applies from 6th March 2020 to 5th April 2021 and the investor can withdraw all funds if required.
Tax – Tax has a long history in the UK, going back to the 13th century. Income tax was the first tax levied on people’s earnings in 1799.
With the health and economic impact of coronavirus, it’s a challenging time for many. Above all, it’s important to keep yourself safe.
The Eat Out to Help Out scheme starts from 3rd August with a view to revive the struggling leisure and hospitality industry amid covid-19.
HMRC regularly warn taxpayers to be alert to fraudsters purporting to be from HMRC. It was recently published that in the last year they deactivated more than 20,000 fake HMRC websites, an increase of 29% on the previous year.
Read this blog post to find out more information on when cash basis applies.
