A recent recommendation by the Office of Tax Simplification was the issue of guidance packages for new businesses.
A report by the Office of Tax Simplification (OTS) calls on the government to prioritise action to ‘address long-standing concerns about the experience of smaller businesses’. The guidance could help new businesses around key stages in their life-cycle, such as upon set-up, registering with HMRC and when taking on members of staff. The report considers the business life-cycle, especially those starting up and provides recommendations in five areas:
Until then, if you would like help with your taxes at any stage of your business life cycle, please do get in touch with us at info@strivex.co.uk.
Link: http://ow.ly/nU8E50uxafN