GN Tech Int

How Can They Afford That? The truth behind the flashy cars, dream homes and social media success

It’s a question I’ve heard countless times from business owners “How can they afford that car?”“How have they bought a house like that?”“They must be doing something clever with tax.” Maybe.But probably not. The truth is, you very rarely know someone else’s financial story.That dream home may have been inherited. It could have been bought […]

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CFA Tax - Dividends and Directors’ Loan Accounts

Why Can’t I Take the Money? Understanding Dividends and Directors’ Loan Accounts

One of the most common questions we hear from business owners is: “How can my Director’s Loan Account be overdrawn when there’s plenty of money in my business bank account?” It’s a fair question, and one that often causes confusion. The key thing to remember is that the money in your business bank account isn’t

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CFA-Tax HMRC-Making-Tax-Digital

Making Tax Digital for ITSA: The Biggest Change to Self-Assessment in a Generation

Thousands of self-employed people are approaching a significant milestone this summer as Making Tax Digital (MTD) for Income Tax reaches its first quarterly filing deadline. If your turnover (your sales before expenses) exceeded £50,000 on your 2024/25 Self Assessment tax return (covering 6 April 2024 to 5 April 2025), you are now part of the

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CFA Tax - VAT Services, Accountancy Services in Selby

Your HMRC Gateway Account: The Most Underused Tool for Business Owners

For many business owners, dealing with HMRC can feel overwhelming. Yet one of the simplest ways to stay on top of your tax affairs is by setting up and regularly using your HMRC Business Tax Account and your HMRC Personal Tax Account. Whether you’re paying PAYE, submitting VAT returns, checking Corporation Tax details or managing

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Why Understanding ROI Could Save Your Business Thousands

With rising costs, tighter cashflow and increasing pressure on small businesses, many business owners are looking for ways to save money. The natural reaction is often to cut spending wherever possible but this can sometimes create bigger problems later. One of the most important things a business owner can understand is Return on Investment, commonly

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