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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.
Why late summer is the perfect time to review your financials!
As the sun (hopefully!) continues to shine, your mind is probably a million miles from spreadsheets and tax returns. But here at Rogers Spencer, we think August is a hidden gem for getting your financial house in order. Amongst the welcome distractions of holidays and...
Payroll Processing Benefits for Accountancy Firms
In the modern business landscape, entrepreneurs and managers face a variety of challenges that require their undivided attention. One critical aspect that demands careful consideration is payroll processing. While some businesses opt to handle this task in-house,...
Demystifying UK Tax Codes for your Employees
Tax codes are a common source of confusion and frustration for individuals and businesses in the United Kingdom. Understanding the complexities of the UK tax system can be daunting, but it is crucial for ensuring compliance and avoiding unnecessary penalties. In this...
Is it better to trade as a sole trader or a limited company?
When setting up in business, you will need to decide whether to register as a sole trader or a limited company. This can make a big difference to the structure of your business as it can affect the protection that you have personally, the tax you pay and the control...
A Complete Capital Gains Tax Guide on Properties
Taxes are a certainty in any walk of life, and there a number of them attached to the buying a selling of property. One of these can be Capital Gains Tax, which is applicable if you are selling a property that is not your home. It can sometimes be a difficult subject...
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.
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...
Payroll Processing Benefits for Accountancy Firms
In the modern business landscape, entrepreneurs and managers face a variety of challenges that require their undivided attention. One critical aspect that demands careful consideration is payroll processing. While some businesses opt to handle this task in-house,...
Demystifying UK Tax Codes for your Employees
Tax codes are a common source of confusion and frustration for individuals and businesses in the United Kingdom. Understanding the complexities of the UK tax system can be daunting, but it is crucial for ensuring compliance and avoiding unnecessary penalties. In this...
Is it better to trade as a sole trader or a limited company?
When setting up in business, you will need to decide whether to register as a sole trader or a limited company. This can make a big difference to the structure of your business as it can affect the protection that you have personally, the tax you pay and the control...
A Complete Capital Gains Tax Guide on Properties
Taxes are a certainty in any walk of life, and there a number of them attached to the buying a selling of property. One of these can be Capital Gains Tax, which is applicable if you are selling a property that is not your home. It can sometimes be a difficult subject...
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...