Author Archives: Carl

Penalties For Late VAT Returns – Points System

A new change to penalties for VAT returns submitted late and VAT paid late has come into effect from 1st January for VAT accounting periods starting on or after 1 January, 2023 As well as this, HMRC has confirmed that … Continue reading

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Using Family Members to Reduce Your Tax

CAPO Digital Accounting looks at ways of reducing income tax on business income by spreading it amongst the family and others. It is a common problem that the UK taxes families where there is only a single earner more heavily than … Continue reading

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Dealing With HMRC Business Checks

Dealing With HMRC Business Checks HMRC business checks were largely placed on hold during the Covid pandemic and as a number of businesses are now finding out, HMRC has hit the restart button, with a vengeance.  Here are some pointers … Continue reading

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Optimal Directors Salary 2022-23

Why should I pay myself a director’s salary as well as dividends? As a director, you’re technically an employee of your own limited company. This is an important point, because it means you’re both an employee, and an employer – … Continue reading

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Tax Saving Opportunities For Your Construction Business

Due to ever-changing tax legislation and commercial factors affecting companies, it is a good idea to carry out an annual review of your company’s tax position. Pre-year-end tax planning is important as the current year’s results can be predicted with … Continue reading

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10 Easy Bookkeeping Tips to Change Your World

Bookkeeping is one of the least favourite jobs of a business owner to manage and is a constant source of anxiety – yet it is vitally important to the success of any business.  Bookkeeping is the activity of keeping records … Continue reading

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