Whether you are starting out or well established, we can guide and plan your growth alongside VAT responsibilities.
Autumn Statement – 22/11/23
The UK Government’s Chancellor, Jeremy Hunt, delivered his Autumn Statement to the House of Commons on 22nd November 2023. In his speech, he announced major changes to National Insurance and extensions to Corporation Tax reliefs. There’s a lot to unpack, but we’ve...
What is a Balance Sheet, and why is it more important than you might think?
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...
National Insurance if you’re Self-Employed
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...
The Benefits of Submitting Your Tax Return Early
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...
Payroll Year-End – What do you need to do?
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...
Budget Report – Spring Budget 2023
The UK Chancellor, Jeremy Hunt, delivered his budget speech in the Commons today. The budget did not deliver any major surprises, and mostly confirmed measures that were already announced in the Autumn Statement last October. We’ve broken down some of his key...
The end of the ‘Super-Deduction’
With a key tax relief coming to an end on 31 March 2023, there is still time to take advantage so that your company doesn’t lose out on valuable tax reliefs. What is the Super-deduction? Introduced in 2021 to boost investment and kick-start the economy following the...
Tax for Small Landlords
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...
The MTD Delay
Making Tax Digital (MTD) for Income Tax has now been delayed, as was widely expected, meaning that it will now not come into force until April 2026. Victoria Atkins, the Financial Secretary to the Treasury, announced in December that the scheme will be pushed back by...
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