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International Day of Mathematics – Do you need to be good at maths to be an accountant?

A very common question you hear is, “Do you need to be good at maths to be an accountant?”

Cloud accounting isn’t right for my business! We disagree.

We have come across this common misconception time and time again from business owners who want to embrace the power of cloud accounting but don’t think it’s right for their business.

Overhaul of non-dom tax status – What does it mean for those affected?

You may have already heard that the Chancellor, Jeremy Hunt, has announced an end to the preferential tax treatment that non-domiciled individuals (non-doms) currently receive. 

Why do SMEs need an accountant?

If you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant.

Spring Budget 2024

The latest Budget was an important speech for the Chancellor, Jeremy Hunt, and his Government, as he laid out key measures likely to affect his party’s success at the ballot box later this year. Although a date for the next general election is still yet to be set, this is likely to be the last [...]

Government Gateway to be replaced with single login system

In a bid to simplify the way in which taxpayers and agents use online services, the Government is rolling out plans to replace Government Gateway accounts with a new system.

Understanding VAT for limited companies and unincorporated businesses

For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.

Companies House is changing – are you prepared?

New rules are coming into effect on 4 March 2024 which could impact your business if you are registered in the UK and need to file with Companies House.

Can I claim Employment Allowance for my business?

The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).

Higher rate taxpayer? How to prepare for the end of the tax year

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.

News

The Budget 2024

The Budget 2024 Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Click here to read the full article >>

Higher rate taxpayer? How to prepare for the end of the tax year

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.

Newsletter Jan/Feb 2024

Newsletter Jan/Feb 2024 Married couples and those in a civil partnership are being urged by HMRC to check whether they can benefit from the marriage allowance. It takes just 30 seconds to see if you are eligible for an annual tax saving of up to £252. Click here to read the full article >>

New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs 

From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll software.

Warning to all taxpayers – Pay your taxes on time amidst rising interest rates 

As the deadline for paying any tax approaches, it is crucial you make your payments accurately and on time before it is too late.

Autumn Statement 2023

Autumn Statement 2023 Jeremy Hunt’s second Autumn Statement was set against a much less financially turbulent background than his first. However, politics still loomed large with a likely election in the next 12 months prompting calls for tax cuts from within the Conservative party. Until recently the Chancellor had attempted to stall such demands with […]

Understanding loss carry-back claims

In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.  

100 days until the Self-Assessment deadline: Are you ready?

We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.  

Newsletter October/November 2023

HMRC plans to expand the availability of cash basis accounts preparation, but will it win over businesses from the traditional accruals basis? The cash basis can currently only be used if a business’s annual turnover doesn’t exceed £150,000, so one option from HMRC is to increase this turnover limit to £1.35 million. But will this […]

Crafting success: Selecting the right business framework

In order for your business to be both financially secure and successful, you need to ensure you choose the right business framework.