The final date for filing any self-assessment paper tax returns for the year ended 5 April 2014 is 31st October 2014. Failure to comply with the deadlines results in an immediate £100 penalty, don’t get caught out!

If you have the personal funds to loan to your business in a time of need, the company could pay interest on their loan to gain tax relief, while also receiving additional personal income into your household.

How many hours per week do you spend on tasks that are not either directly related to earning fees or do not assist with the growth and development of my business? Small business owners can struggle to grow their business but building robust systems and processes can save literally hours of time and more often than not, it’s FREE.

An investment property portfolio can be a fantastic source of income for retirement. Have you considered all your options though with maximising the return on your investment whilst saving tax?

HMRC are continually assessing whether a taxpayer has taken “reasonable care” in the preparation of their tax return. If errors are found, were they “deliberate” or “careless” mistakes, the outcome of this question determining the penalty.

The National Audit Office have uncovered an error of £1.9 billion relating to targets set for HMRC in 2010, resulting in an overstatement of results through to 2013-2014

Are you making use of the all time low corporation tax rates by trading as a limited company? Incorporation makes more sense than ever.