Simplifying Income Tax and National Insurance Reporting for Benefits in Kind

Navigating the intricacies of income tax and National Insurance can feel like a maze for many businesses, especially when it comes to benefits in kind (BIK). These non-cash perks, such as company cars or private health insurance, can add layers of complexity to tax reporting. However, by simplifying the reporting process, businesses can help to … Read moreSimplifying Income Tax and National Insurance Reporting for Benefits in Kind

Can I Backdate Business Expenses? Understanding How to Amend Your Tax Returns

As a business owner, managing your finances and taxes can feel like a never-ending task. It’s easy to miss a few deductions or realise after filing that you forgot to include a business expense. One common question business owners often ask us is: “Can I backdate my business expenses?” Whether you’re trying to lower your … Read moreCan I Backdate Business Expenses? Understanding How to Amend Your Tax Returns