As we enter the festive season here are a few festive tax tips and hints to be aware of: Paying your employees early? Some employers need to pay their employees earlier than usual in December. This can be for several reasons, such as businesses closing during the festive period and needing to pay workers earlier […]
Almost 300,000 people submitted their tax return in the first week of the tax year and we have already submitted lots for our clients. By completing and submitting your tax return early you can have peace of mind for the rest of the year. The deadline for the 2023-24 tax returns is 31st January 2025
If you are embarking on the exciting journey of starting your own business, then we wish you many congratulations! As you navigate the path to entrepreneurship, it’s crucial to lay a solid foundation that sets your venture up for success and sustainable growth. Here are five important steps to consider as you establish and grow
5 essential steps to successfully establish and grow your new business Read More »
The Economic Crime and Corporate Transparancy Act became law in October 2023. The first set of changes are being introduced 4 March 2024. New rules for registered office address There will be new rules for registered office addresses which means companies must have an ‘appropriate address’ as their registered office at all times. An appropriate
Valentine’s Day, the day of L-O-V-E! But do you still love your BUSINESS? Many business owners we meet, certainly DON’T. They used to. They used to wine and dine it. Shower it with affection. Buy it gifts – regularly. Spend hours and hours with it and go to bed looking forward to seeing it again
We are now within the final two months of the tax year, and for many businesses, the end of the tax year is also the end of the business’s financial year. This can be a good time to review your business tax planning to ensure that you minimise tax. Assessing profit extraction methods Particularly for
Year-End Tax Planning: Maximising benefits for your business Read More »
Changes are coming for sole traders and partnerships that do not have a tax year ending 31st March or 5th April. If you have a different year end this guide is for you! Currently unincorporated businesses are subject to tax on profits earned within their accounting year which can be various points in the year.
Basis Period Reform – What sole traders and partnerships need to know Read More »
Welcome to our monthly round up of tax news. We hope find the post informative! On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fuelled by falling inflation and stabilised public finances,
Content accurate as at 29.10.2023 Welcome to our monthly round up of tax news. We hope find the post informative! Please contact us if you wish to discuss any issues in more detail. Salary Or Dividend Best In 2023/24? In recent years many accountants have advised their director/shareholder clients that the most tax efficient method
Is your business a graveyard? Are the ghosts of past financial mistakes and poor accounting practices haunting your business and preventing it from reaching its full potential? Halloween is a time for fun and fright, but it’s also a good time to think about the spooky side of accounting and how to avoid accounting nightmares.
Accounting horrors and how to avoid them this Halloween Read More »
