by admin | Jul 10, 2023 | Hints & Tips, Tax Compliance
Financial statements and accounts can be confusing, and it’s easy to focus on profit above everything else. It’s important to consider what your financial statements are telling you, as these can prove valuable insights into running your business, and can help you to...
by admin | Jun 20, 2023 | Hints & Tips, Tax Compliance
National Insurance pays for certain state benefits and the State Pension. Almost everyone pays National Insurance on their earnings, but self-employed individuals need to make contributions too. What is National Insurance? National Insurance Contributions (NICs) are...
by admin | Jun 7, 2023 | Hints & Tips, Tax Compliance
When it comes to submitting your tax return, it sometimes seems easier to put it off until the last minute, but it pays to submit your self-assessment tax return as early as you can. Read on to find out why. As someone who is self-employed, a sole trader or a...
by admin | Mar 31, 2023 | Hints & Tips, Tax Compliance
With the end of the tax year fast approaching on 5th April, make sure you know what payroll tasks you need to do to start the year right. Payroll is based on the tax year, which runs from 6th April to the following 5th April, and an employee’s pay details for the tax...
by admin | Feb 16, 2023 | Hints & Tips, Tax Compliance
Renting out a property can be a great way to earn some extra income, but residential and commercial landlords should make sure that they are aware of the tax implications and make sure that they get things right. Landlords who are not operating their business through...
by admin | Dec 14, 2022 | Hints & Tips, Tax Compliance
On 17 November 2022, the UK Government Chancellor, Jeremy Hunt, confirmed that the planned rise in corporation tax will go ahead on 1 April 2023. This means what the rate of corporation tax will increase to 25% for profits for the financial year 2023-24. But it’s not...
