Safeguard Your Business: HMRC Alerts on VAT Bank Details Fraud

In a recent development, HMRC has issued a critical warning regarding fraudulent activities targeting businesses’ VAT repayments. Exploiting Form VAT 484, fraudsters manipulate businesses’ contact, return, and bank details, posing a significant threat to financial security.

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Difficult Times, Difficult Decisions for Businesses

The current economic outlook is to say the least, uncertain. Economic questions cloud the future. Interest rates, inflation, and the ongoing implications of Brexit have an impact. As does the consequences of global warming and the conflict in Europe and further afield. Forthcoming elections both here and abroad also make it harder to understand a business’ viability trading forward.

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Hey, We’re Hiring! Train to become an Accountant with HB Accountants: Accounts Apprenticeship position

If you would like to avoid university fees and are considering an alternative route to further your education, an apprenticeship is a great solution. We are hiring and have an opening for a trainee accountant apprentice.

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Are You Considering Earning Extra Income Through A Side Hustle In 2024?

Starting from January 1st 2024, HMRS now require selling and service platforms to regularly report your transactions to them. These records will be cross-checked with the income you’ve reported on your tax return, and any disparities may be subject to investigation.

This measure aims to combat tax evasion.

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Happy New Tax Year! Navigate your 2024-25 Tax Year With Ease

Getting ready for the end of your tax year might appear daunting but don’t dread it, consider embracing it. This is an excellent opportunity to organise your business. This is easier when you have a great relationship with your accountant and you keep good records.

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