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Akin to our clients’ industries, the world of finance and taxation is constantly transforming. Because of this, we like to keep those that we work for aware of the changes likely to impact them the most. Our blog is where you can access running commentary, opinion, advice and tips that will benefit your business.
Should I pay myself Salary or Dividends?
For all of our limited company directors and shareholders, a key concern is how they should pay themselves from their Limited Companies. The answer in some cases is straight forward, in other cases not so. Fluctuating tax rates mean that the ideal mix of salary and...
Understanding What IR35 Is & The Concequences
IR35 legislation can be a complex area for both contractors and businesses. It’s designed to ensure that individuals working like employees pay the same tax as employees, but determining whether you fall under IR35 rules can be challenging. What is IR35? IR35, or...
Streamlined Accounting for Dentists
Running a successful dental practice requires a focus on patient care, clinical expertise, and building a positive reputation. However, the financial health of your practice is equally important for long-term sustainability and growth. Here at Rogers Spencer, we...
Self-Assessment: Step by Step Guide
For many, Self-Assessment can feel like a yearly headache. But fear not! Our handy guide will break down the process into manageable steps, ensuring you navigate your Self-Assessment with confidence. Who Needs to File a Self-Assessment? You'll need to file a...
Welcoming the New Tax Year: What You Need to Know
As we bid farewell to the old tax year and welcome the new one, it's time to prepare ourselves for some changes and updates in the tax landscape. Whether you're an individual taxpayer or a business owner, understanding the key updates and deadlines for the new tax...
Capital Gains Tax Deadlines for Landlords
As a specialist in property taxation at Rogers Spencer, I regularly encounter landlords who are unaware of the recent changes surrounding capital gains tax (CGT) reporting for residential property sales. This can lead to them inadvertently missing deadlines and...
Strategies On Maximising Tax Efficiency
As a UK business owner, navigating the intricacies of tax can feel like a daunting task. But fear not! By implementing a few key strategies, you can significantly reduce your tax liability and keep more of your hard-earned profits in your pocket. Let's explore some...
A Guide to Changing Payroll Provider
Managing your payroll can be a complex and time-consuming task, especially for UK businesses navigating regulations and tax obligations. As well as being chartered accountants in Nottingham, did you know you can also outsource your payroll to us? If your current...
The Ever Changing UK Payroll
As an accountancy firm, our clients rely on us to provide them with expert advice on all areas of their business, including payroll. Payroll is a crucial function for any business, as it ensures that employees are paid correctly and on time. However, it is also an...
How Accountants Drive UK Business Growth
Accountants are often seen as the number-crunchers of the business world, responsible for recording transactions, preparing financial statements, and ensuring tax compliance. However, the role of accountants in business growth and success goes far beyond these basic...
Basis Period Reform for Self-Employment
HMRC's Basis period reform is coming soon and will change the timing of tax payments for some self-employed businesses. If you are a sole trader or a partnership and your accounting year end date is neither 31st March nor 5th April, you will need to be aware of these...
Understanding The Ins and Outs Of UK VAT
Value Added Tax (VAT) is a tax that is applied to most goods and services sold in the UK. It is a tax on the value added to goods and services at each stage of production and distribution. VAT is a complex tax system, and there are many rules and regulations that...
Effective Accounting Strategies for SMEs
Small businesses are the backbone of the UK economy, but they often face challenges when it comes to profitability. One way to improve profitability is to implement effective accounting strategies. There are a number of accounting strategies that can help small...
Have Taxes Been Cut & Does This Impact You?
HMRC announced last week an increase in total taxes collected of £5.6 Billion for the period of April to July 2024 as compared with the corresponding 2023 period HMRC tax receipts and National Insurance contributions for the UK (monthly bulletin) - GOV.UK (www.gov.uk)...
Understanding What IR35 Is & The Concequences
IR35 legislation can be a complex area for both contractors and businesses. It’s designed to ensure that individuals working like employees pay the same tax as employees, but determining whether you fall under IR35 rules can be challenging. What is IR35? IR35, or...
Streamlined Accounting for Dentists
Running a successful dental practice requires a focus on patient care, clinical expertise, and building a positive reputation. However, the financial health of your practice is equally important for long-term sustainability and growth. Here at Rogers Spencer, we...
Self-Assessment: Step by Step Guide
For many, Self-Assessment can feel like a yearly headache. But fear not! Our handy guide will break down the process into manageable steps, ensuring you navigate your Self-Assessment with confidence. Who Needs to File a Self-Assessment? You'll need to file a...
Welcoming the New Tax Year: What You Need to Know
As we bid farewell to the old tax year and welcome the new one, it's time to prepare ourselves for some changes and updates in the tax landscape. Whether you're an individual taxpayer or a business owner, understanding the key updates and deadlines for the new tax...
Capital Gains Tax Deadlines for Landlords
As a specialist in property taxation at Rogers Spencer, I regularly encounter landlords who are unaware of the recent changes surrounding capital gains tax (CGT) reporting for residential property sales. This can lead to them inadvertently missing deadlines and...
Strategies On Maximising Tax Efficiency
As a UK business owner, navigating the intricacies of tax can feel like a daunting task. But fear not! By implementing a few key strategies, you can significantly reduce your tax liability and keep more of your hard-earned profits in your pocket. Let's explore some...
A Guide to Changing Payroll Provider
Managing your payroll can be a complex and time-consuming task, especially for UK businesses navigating regulations and tax obligations. As well as being chartered accountants in Nottingham, did you know you can also outsource your payroll to us? If your current...
The Ever Changing UK Payroll
As an accountancy firm, our clients rely on us to provide them with expert advice on all areas of their business, including payroll. Payroll is a crucial function for any business, as it ensures that employees are paid correctly and on time. However, it is also an...
How Accountants Drive UK Business Growth
Accountants are often seen as the number-crunchers of the business world, responsible for recording transactions, preparing financial statements, and ensuring tax compliance. However, the role of accountants in business growth and success goes far beyond these basic...
Basis Period Reform for Self-Employment
HMRC's Basis period reform is coming soon and will change the timing of tax payments for some self-employed businesses. If you are a sole trader or a partnership and your accounting year end date is neither 31st March nor 5th April, you will need to be aware of these...
Understanding The Ins and Outs Of UK VAT
Value Added Tax (VAT) is a tax that is applied to most goods and services sold in the UK. It is a tax on the value added to goods and services at each stage of production and distribution. VAT is a complex tax system, and there are many rules and regulations that...