We regularly write articles to keep you up to date with changes that affect your growing business.
Accountancy
Accounting
Cloud accounting offers many useful features that can help to save time and make your business more efficient. If you aren’t already using cloud accounting technology to advance your business, you should consider making the change. Following HM Revenue & Custom’s introduction of the Making Tax Digital (MTD) for VAT programme, many businesses are already
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Blogs
As a director, have you ever considered taking a loan from your company? If so, it’s important to be aware of the potential risks associated with an overdrawn director’s loan account (ODLA). What is an ODLA? An ODLA arises when a director takes a loan from the company, and the loan is not repaid in
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Blogs
Selling a business in the UK can be an exciting journey for those looking for opportunities to expand their portfolio. From securing the best deal to navigating complex tax laws and regulations, it's important to plan ahead and secure expert advice from qualified professionals who understand the marketplace. Taking the time to make sure all
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Blogs
If you are a business owner, you need to consider what to take in salary or in dividends. Having the right balance of these may seem difficult, but it is an important element of managing your business. The UK tax system allows company shareholders to draw money from their companies in two ways – either
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Sign up for our cost-effective fee protection service and enjoy the peace of mind that we have you covered. HM Revenue & Customs (HMRC) can choose to subject anyone to a tax investigation at any time. Tax investigations can be long and costly processes and it is important that you have the right team to
Accounting
Blog
With a new year upon us, you may be considering a new start by setting up your own business. There are many pitfalls on the way to running a successful business, but the rewards should be worth it. Advice to help owners make the most of their business includes: Be realistic – Come up with a
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Payroll
As a new business owner, you may feel you can manage your workload single-handedly. However, this will not always be the case. As your business grows and evolves, you will eventually need an extra set of hands, meaning you will need to bring people on board. The recruitment and onboarding process is an integral part
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Blogs
The cost-of-living crisis can be a challenging time for businesses, with many additional costs being added to business expenses. As a result of this, many business owners are faced with difficulty including staffing costs and decisions such as whether to raise costs. Energy, raw materials, and fuel have all been affected by inflation, while the
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Business
The 2021 to 2022 tax year saw a considerable amount of people aged 65 and over filing a tax return. A report released by HM Revenue & Customs (HMRC) revealed that 16 per cent of individuals who submitted a tax return fell into this age bracket. The new data is part of an analysis by
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A major overhaul of VAT penalties came into effect on 1 January 2023. This new approach changes how penalties are applied, as well as how interest is calculated and paid. In this article, we’ll break down what you need to know about the changes. What is changing? The biggest change that businesses can expect
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The Government has announced a two-year delay and further changes to the rollout of its Making Tax Digital for Income Tax initiative. The delayed implementation of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) means it will now be phased in from April 2026 for a smaller number of taxpayers, rather than the original
Latest News
Every business needs sound financial planning and oversight in order to thrive. With the new tax year just around the corner, now is the perfect time to start thinking about ways you can improve your business’s finances in 2023. Read on to learn some of our top tips for making sure your business’s finances are
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