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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.
Maximising Tax Efficiency: Essential Strategies for UK Businesses
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...
Cost of Living: How it’s affecting charitable donations
The last few years have proved to be challenging times for everyone, and it has led to the cost-of-living crisis that we now find ourselves in the middle of. Inflation, interest rates and energy prices are all on the rise, which means that the vast majority of us are...
Autumn Statement 2022 – overview and insights
On Thursday 17th November 2022, Jeremy Hunt, Chancellor of the Exchequer, put forward his Autumn Statement which focussed on the government’s three priorities of stability, growth and public service The Announcement involved a mixed package of tax rises and addressing...
The Benefits of a Virtual Financial Director
As your business starts to grow, you will need to create new roles within it to cope with the ever-changing demands. At a certain point, you will need to consider taking on a Financial Director (FD) to focus on the financial strategy of your business and help you to...
Understanding Financial Document Retention
It’s important for all businesses to understand the rules around financial document retention. Shredding/deleting records during the statutory retention period can last companies in serious trouble.
Cryptocurrency and Tax: How does it work?
If you are resident in the UK, there is a strong chance that you will be taxed on your cryptocurrency. The exact details of your tax liability will depend on a number of factors. This article will explain the basic framework of tax on cryptocurrency in the UK. If you...
Making Tax Digital – A Digital Revolution
We are currently in the midst of digital revolution in accounts record keeping. Going are the days of shoeboxes full of receipts and manually written cashbooks. More and more businesses are being asked to keep their records digitally, but why, and how? Making Tax...
2022 Spring Charity Newsletter
Our Spring 2022 Charity Newsletter includes the latest guidance and support available for the not-for-profit sector as COVID-19 restrictions come to an end and trustees start planning for the future. We also consider the impact of recent legislative, reporting and tax developments and other pertinent issues.
Advice on choosing the right company structure
When you set up a new business, there is a lot to think about, including getting the right company structure. Giving this careful thought from the start allows you to build on the best foundations and grow in the way that you want to. This involves choosing whether to...
Payroll Newsletter March 2022 – Everything to know
In anticipation of the end of the tax year, we have pulled together a Payroll Newsletter which details the changes you may need to action from 6 April 2022.
Should I buy an Electric Car through my Company?
One of most common areas of discussion with our owner managed business clients is how their car should be purchased. Should we buy it through the Company? Is it better to own it personally? The answer used to be fairly straight forward, but as the world embraces the need to ‘go green’, our advice has had to change with the times!
Self-Assessment Tax Return: There’s still time!
The official deadline to file and pay your self-assessment is midnight on the 31st of January. This year, however, the government has granted a waiver on penalties for late filing and late payment.
Reasons we do our tax returns on Christmas Day
HMRC reported that many thousands of taxpayers submitted their tax returns over Christmas last year. The final deadline is on 31 January each year, so at least they are ahead of that. Leaving it too late comes with many risks, so why not get the paperwork over to us in good time?
Benefits of Accountants for Farming Businesses
For some, the idea of employing the services of an accountant conjures up pictures of big office blocks and large numbers, leaving many who do not fit this image to feel as though it is not appropriate for their business. Farmers often believe that an accountant can...
Cost of Living: How it’s affecting charitable donations
The last few years have proved to be challenging times for everyone, and it has led to the cost-of-living crisis that we now find ourselves in the middle of. Inflation, interest rates and energy prices are all on the rise, which means that the vast majority of us are...
Autumn Statement 2022 – overview and insights
On Thursday 17th November 2022, Jeremy Hunt, Chancellor of the Exchequer, put forward his Autumn Statement which focussed on the government’s three priorities of stability, growth and public service The Announcement involved a mixed package of tax rises and addressing...
The Benefits of a Virtual Financial Director
As your business starts to grow, you will need to create new roles within it to cope with the ever-changing demands. At a certain point, you will need to consider taking on a Financial Director (FD) to focus on the financial strategy of your business and help you to...
Understanding Financial Document Retention
It’s important for all businesses to understand the rules around financial document retention. Shredding/deleting records during the statutory retention period can last companies in serious trouble.
Cryptocurrency and Tax: How does it work?
If you are resident in the UK, there is a strong chance that you will be taxed on your cryptocurrency. The exact details of your tax liability will depend on a number of factors. This article will explain the basic framework of tax on cryptocurrency in the UK. If you...
Making Tax Digital – A Digital Revolution
We are currently in the midst of digital revolution in accounts record keeping. Going are the days of shoeboxes full of receipts and manually written cashbooks. More and more businesses are being asked to keep their records digitally, but why, and how? Making Tax...
2022 Spring Charity Newsletter
Our Spring 2022 Charity Newsletter includes the latest guidance and support available for the not-for-profit sector as COVID-19 restrictions come to an end and trustees start planning for the future. We also consider the impact of recent legislative, reporting and tax developments and other pertinent issues.
Advice on choosing the right company structure
When you set up a new business, there is a lot to think about, including getting the right company structure. Giving this careful thought from the start allows you to build on the best foundations and grow in the way that you want to. This involves choosing whether to...
Payroll Newsletter March 2022 – Everything to know
In anticipation of the end of the tax year, we have pulled together a Payroll Newsletter which details the changes you may need to action from 6 April 2022.
Should I buy an Electric Car through my Company?
One of most common areas of discussion with our owner managed business clients is how their car should be purchased. Should we buy it through the Company? Is it better to own it personally? The answer used to be fairly straight forward, but as the world embraces the need to ‘go green’, our advice has had to change with the times!
Self-Assessment Tax Return: There’s still time!
The official deadline to file and pay your self-assessment is midnight on the 31st of January. This year, however, the government has granted a waiver on penalties for late filing and late payment.