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What are the benefits of using the HMRC app?

The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions.

Plan a little, achieve a lot – Destress with effective tax planning

April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on those of you who are turning your attention to tax planning for the coming year.

Is your partnership tax-efficient?

Tax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need to minimise costs.

The seven steps to a successful business plan

Writing a business plan should be one of your first steps when starting your business. If you have a business without a plan, it’s not too late to make one!

Holiday accrual to come in for zero-hours workers

Following changes to the Working Time Regulations 1998 in January 2024, further amendments are set to come into force on 1 April 2024 relating to leave entitlement for workers on irregular hours.

Funding for growing businesses – Obtaining and managing private investment

Funding for businesses can come in a range of forms depending on your needs, creditworthiness and projected ability to make repayments. While many business owners choose to take out commercial business loans to meet their funding needs and growth goals, this is not the only option, particularly if you think that repayments with interest could […]

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.

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.