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HMRC penalties for failing to notify a tax liability

HMRC penalties for failing to notify a tax liability

by Michele Fensom | Aug 20, 2026 | HMRC notices

If you become liable to pay a tax or register for a tax that HMRC has not already been informed about, you must notify HMRC within the relevant time limit. Failing to do so can result in a financial penalty in addition to the tax and any interest due. A failure to...
Incorporation Relief may reduce your CGT bill

Incorporation Relief may reduce your CGT bill

by Michele Fensom | Aug 20, 2026 | Capital Gains Tax

When a sole trader or the partners in a partnership transfer a business to a limited company, Capital Gains Tax (CGT) may arise. This is because business assets are normally treated as being transferred at their market value, which may be considerably more than their...
Why successful businesses prepare before conditions improve

Why successful businesses prepare before conditions improve

by Michele Fensom | Aug 17, 2026 | Business Support

Economic uncertainty has affected the confidence of many small business owners. Rising costs, changing customer demand and pressure on cash flow have led some businesses to postpone investment until conditions improve. While this cautious approach is understandable,...
Could better digital skills transform your business?

Could better digital skills transform your business?

by Michele Fensom | Aug 17, 2026 | Business Support

Technology is changing the way businesses operate, and the pace of change is only increasing. While large organisations often have dedicated IT departments, many small businesses still rely on traditional methods that consume valuable time and limit productivity....
Will your next finance application succeed?

Will your next finance application succeed?

by Michele Fensom | Aug 10, 2026 | Business Support

Many successful businesses eventually reach a point where additional finance is needed. Whether the objective is purchasing equipment, expanding premises, recruiting staff or improving cash flow, access to funding can often determine how quickly a business can grow....
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