We regularly write articles to keep you up to date with changes that affect your growing business.
Accountancy
Accounting
Whether you're the owner of a limited company or a sole trader, it is important to understand the expenses you can claim and the tax savings that these expenses bring. Allowable expenses can significantly reduce the amount of Corporation Tax that a business needs to pay, so it is crucial to know what a tax-deductible
Advisory Insights
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Exiting a business is a significant milestone for any entrepreneur or business owner. Ensuring a smooth and successful exit is the best thing you can do for your business and will give you peace of mind as you depart. But what steps should you follow when it comes to planning your strategy? Determine the appropriate
Blog
Blogs
As of February 2023, HM Revenue & Customs (HMRC) estimated that over two million people are unaware of the Marriage Allowance tax relief which could save them up to £252 a year. This quick guide will introduce you to what the Marriage Allowance is, will explain if you are eligible for it, and how you
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Blogs
The Construction Industry Scheme (CIS) is a Government initiative that allows contractors in the construction industry to deduct money from a subcontractor’s payments and pass it on to HM Revenue & Customs (HMRC). These deductions count as advance payments towards a subcontractor’s tax and National Insurance Contributions (NICs), and ensure that businesses comply with tax
Advisory Insights
Blog
As an owner or director, it may be possible for you to pay less tax on your income from your company through dividends. Dividends are a portion of a company’s profits and can be paid out to directors and owners depending on the number of shares they own. It is important to note that the
Advisory Insights
Blog
Navigating job expenses can seem daunting at first glance. There are a plethora of rules and regulations that can leave employees feeling overwhelmed. Expenses may not be the most glamorous topic but it is one of the essential elements that can make a significant difference in your financial well-being. Defining job expenses Job expenses, also
Advisory Insights
Blog
Are you a company director contemplating a loan from your own business? If yes, it's crucial to understand the workings behind the Director's Loan Account (DLA) and the implications of an overdrawn director’s loan account (ODLA). Director’s Loan Account A DLA is an account maintained by the company that records all transactions between the company
Advisory Insights
Blog
In the world of entrepreneurship and small businesses, technology continues to revolutionise the way we manage our operations. One area seeing a significant technological shift is accounting, with more and more small businesses leveraging the advantages of cloud accounting. Cloud accounting is not merely a trend but a move towards efficiency, sustainability and effective financial
Advisory Insights
Blog
HM Revenue & Customs (HMRC) recently announced that it plans to boost its use of Code of Practice 9 (COP9), a legal mechanism used to handle suspected tax fraud cases. This move aims to provide a clear procedure for taxpayers who have failed to pay the correct amount of tax due to fraud. This announcement
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Blogs
Many businesses across the UK have been financially affected by the cost-of-living crisis and the rise in inflation and have also suffered from the fallout of Covid-19 loan schemes and companies’ failure to make repayments. While it is not all doom and gloom, it is only natural for businesses to worry about the future. Here
Accountancy
Accounting
The Government has recently announced an extension to the deadline for individuals to pay voluntary National Insurance contributions (NICs), in a move that will benefit thousands of people across the country. The original deadline of 31 July 2023 has now been pushed back to 5 April 2025 by HM Revenue & Customs (HMRC), ensuring that
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Business Advice
With the sale of new petrol and diesel cars set to cease in 2030 and rising fuel costs, the demand for hybrid and electric cars is on the rise. Hybrid cars offer several benefits, such as lower emissions and reduced fuel consumption. But did you know hybrid cars can also provide tax incentives? Benefit in
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