Are you pursuing a hobby, or carrying out a trade? It can be hard to define in some circumstances, so we’ve explained the nine ‘badges of trade’ as used by HMRC.

Are you making any of these accounting mistakes? We’ve outlined the top 5 accounting issues that small business owners trip over so that you don’t have to make the same mistakes.

Charging interest on your Directors' Loan Accounts (DLA) could be smart, helping you become more tax efficient. Dive into our DLA explainer and find out how to do it.

Are you VAT-registered? Are you complying with the regulations when sending out VAT invoices and claiming against supplier invoices?

Did you know that private school fees will have VAT charged on them from 1 January 2025? We’ve outlined the key changes and how they may impact your spending on education.

The spring budget presents opportunities for small business owners, including cuts to National Insurance, VAT registration amounts

The spring budget presents opportunities for small business owners, including cuts to National Insurance, VAT registration amounts

Here are the forthcoming deadlines and cut-off points for Q3 of 2023 to add to your diary.

Wondering if your business should be registered for VAT? We’ve got the lowdown on when (and how) to get VAT registered, and the key reasons for doing so.

Spring Budget 2023 brought in some significant changes to the Research and Development (R&D) tax relief scheme. Here’s our update on the big changes to be aware of.

HMRC has recently made significant changes to its VAT online account system, which affects VAT-registered businesses in the UK.

The UK government has extended the deadline for voluntary National Insurance contributions to 31 July 2023. Act soon to avoid missing out on this opportunity.

Get these Q2 2023 dates and deadlines in your diary – and make sure you don’t miss any important filing and tax cut-off dates.

gHawk Accounting attended QuickBooks Connect London to connect with strategic partners in the accounting industry and pick up on best practice for small business owners.

Do you have advances that have been paid to you? Under certain circumstances, these could trigger Section 455 tax. We explain the main rules and considerations.

From 1 April 2023, the rate of corporation tax will change from 19% to a variable rate between 19% to 25%, depending on the profits made by your business.

HM Revenue & Customs (HMRC) is about to update and change its penalty regime – and these new penalties could affect your tax submissions as early as January 2023.

When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive.

Taxes don’t have to be difficult or confusing. If you’re a freelancer or sole trader, it can be much easier to keep on top of your tax contributions than you might think.

automate the process of entering your bills, receipts and expenses by using AutoEntry. AutoEntry helps to save time by eliminating the manual entering of expenses.

The deadline for filing a self-assessment tax return is 31 January. If you don’t submit your tax return, submit it late or submit incorrect information – you could face fines and penalties from HMRC.