The SMART Business Hub

Setting goals can give you a set of standards by which to judge the success of your company. They can help you maintain a clear direction, inspire workers and establish goals for your company to strive for 👏🏻 Maybe you want to.. 🎯 Improve your company and brand reputation 🎯 Develop a solid business plan 🎯 Make it into work on time  🎯 Improve product or service quality 🎯 Achieve higher on-time delivery 🎯 Increase customer satisfaction 🎯 Increase internal team productivity  🎯 Improve customer retention 🎯 Increase sales volumes If you are unsure where to start with your business goals try a START - STOP- CONTINUE strategy 👇🏻 Write down what you want to START doing more of, what you want to STOP & what you plan on CONTINUING into 2025! #newyearnewgoals #2025 #hello2025 #businessgoals

For companies selling shares, the Substantial Shareholdings Exemption (SSE) can mean significant tax relief. Introduced in 2002 and simplified in 2017, this exemption allows qualifying gains on share disposals to go untaxed—provided key conditions are met. #SubstantialShareholdingsExemption #CorporateTax

Reclaiming VAT on company cars isn’t as simple as it sounds. Generally, businesses can’t recover VAT unless the car is used exclusively for business purposes. But there are exceptions—like taxis, driving schools, and commercial vehicles. Here’s what you need to know. #VATRecovery #CompanyCars #BusinessTaxTips

Merry Christmas from The SMART Business Hub! 🎅🏻⛄🎁🎄 #merrychristmas

Small business owners & sole traders—navigating taxes just got easier! HMRC has launched new interactive tools to simplify your tax journey: 💼 Sole Trader Setup Guide: A 7-step guide to help you register, track records and plan for taxes. 📊 VAT Registration Estimator: Quickly check if you need to register for VAT based on turnover. These free, secure tools are here to help you make informed decisions without the hassle. Start your tax journey with confidence today! #SmallBusinessTax #HMRCGuidance #SoleTraderTips

Can’t pay your tax bill in full by 31 January 2025 ❓ HMRC’s online Time to Pay system lets self-assessment taxpayers spread the cost over monthly instalments. With plans available for tax bills up to £30,000, this flexible option can help you avoid late payment penalties. Find out more about this service on our website 💻 #TimeToPay #SelfAssessment #HMRCSupport

Navigating VAT in the construction industry can feel like untangling scaffolding. Enter the VAT reverse charge—special rules that mean sub-contractors no longer charge VAT on services but contractors handle the tax instead. Here's how it works and who it affects 👷🏻 Read the full blog to find out more! #VATReverseCharge #ConstructionTax #UKVAT

Over 1 MILLION parents have claimed Child Benefit online or via the HMRC app! 🎉💳 Had a baby or welcomed a child into your family? Apply online for speedy support—right when you need it most. You could even get your first payment in time for your baby’s first Christmas! 🎄👶 👉 Claims can be backdated up to 12 weeks and rates start at £25.60/week for your eldest child. Apply today via the HMRC app or online! 💷 Check out the article to find out how! #ChildBenefit #HMRCApp #ParentingSupport

Could you save up to £1,260 in tax this year? If one of you earns less than £12,570, the Marriage Allowance lets couples transfer unused personal allowances. Don't miss out on this easy tax break! #MarriageAllowance #TaxSavings #UKCouples

Married couples and civil partners may be able to pass on up to £1 million of their estate tax-free with the Residence Nil Rate Band. Claiming this transferable allowance could secure your family home for future generations. Make sure your estate planning takes this into account 🏠💷 For the full article vist our website for more information 💻 #InheritancePlanning #RNRB #TaxFreeEstate