We regularly write articles to keep you up to date with changes that affect your growing business.
Accountancy
Accounting
We are currently in the transition period for the basis period reform, which is set to come into full effect from the 2024/25 tax year. So, if you run an unincorporated business, you need to be prepared for the upcoming changes. What are the current rules? If you run an unincorporated business, such as being
Latest News
News
Changes to the amount of Corporation Tax (CT) businesses pay came into effect on 1 April. From that date, the main rate of CT rose from 19 per cent to 25 per cent for the most profitable companies. Companies whose year-end is 31 March will pay 19 per cent CT for the whole of the
Latest News
News
Chancellor Jeremy Hunt has announced a partial replacement for the Super Deduction that allows companies to write off 100 per cent of the cost of investment in one go. The Full Expensing scheme was announced in the March Budget. Businesses that invest in IT equipment and machinery will be able to claim back the cost
Latest News
News
Chancellor Jeremy Hunt announced a partial reversal to the SME Research & Development (R&D) tax credit cuts in the recent Spring Budget after facing months of pressure. Startups had warned that the cuts, first announced last November in the Autumn Statement, would hinder growth for early-stage and research-intensive tech companies. The R&D tax credits and relief scheme
Advisory Insights
Blog
When it comes to creating a new brand, considering your finances is a vital part of the planning stage as you need to ensure you have the budget for all your goals. It requires a strategic approach that includes keeping on top of your finances and understanding how you want your customers to perceive your
Blog
Blogs
If you run a business in a tourist hotspot, you need to get prepared for the summer. As the days get warmer, your business is likely to see a surge in demand. But what can you do to get ready? Recognise the trends The first step in managing seasonal changes is identifying the patterns specific
Blog
Blogs
Being a director of a limited company means having the ability to pay yourself in a different manner to being a typical PAYE employee. In the context of a limited company, it is common for the director to receive a salary through the PAYE system and to also receive dividends from the profits of the
Blog
Blogs
With the tax 2022/23 tax year soon coming to an end, you need to be prepared to provide your employees with their P60 forms. Here's what you should be aware of: When should you issue a P60? P60 forms must be issued at the conclusion of each tax year. Employees should receive their P60s no
Blog
Business
Managing finances can be a complex and time-consuming task, especially for business owners and professionals. It is easy to become overwhelmed by the intricacies of accounting, taxation and financial planning, which can ultimately lead to increased stress levels. In recognition of Stress Awareness Month, it is important to acknowledge the importance of managing stress in
Advisory Insights
Blog
Getting the tax year off to a good start will help you to optimise your overall financial position. But you need to plan ahead. Effective planning helps you to keep your business organised and compliant. It also enables you to maximise deductions, minimise liabilities, and optimise your overall financial situation. Taking a proactive approach to
Blog
Business Blog
Capital allowances are a form of tax relief for businesses. They allow you to subtract some or all of the value of an item from your profits before you pay tax. Capital Allowances can be claimed on a variety of: Machinery Equipment Business vehicles, such as vans, lorries or trucks These assets are commonly known
Blog
Business
The pandemic and lockdowns would have had many businesses considering the future and what may happen if they become ill or incapacitated or what happens to their business after they retire or the unexpected happens. It could be that if you are in a partnership, you let a partner take full control or pass ownership
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