Blog

Home » News & blog » Blog

Sharing our knowledge

Tax changes for 2019/20

With the UK experiencing its warmest February day on record last month, spring is in the air and with it comes a raft of tax changes for 2019/20. Chancellor Philip Hammond revealed these back in December when announcing his Budget 2018, but there was an elephant in...

Xero: your perfect business partner

When we speak to business owners, and we have talked to a lot of them during self-assessment season recently, one of the most pressing issues for them is lack of time. They talk about finding that elusive work/life balance so they can spend time with the family or...

New Year’s resolution: submit your tax return

It’s the New Year and time to make a difference: by not leaving your self-assessment tax return to the last minute. Last year, almost 1.3 million tax returns were submitted to HMRC on either 30 or 31 January 2018, while 4,852,744 returns were completed online...

Inheritance tax in 2019/20

Inheritance tax has been the subject of much conjecture, with overhauls suggested in the lead-up to almost every recent Budget. Various chancellors have so far resisted temptation to tinker with the inheritance tax system, although it seems likely the winds of change...

Budget 2018: the key changes

“Spreadsheet Phil turns Santa Claus”, Chancellor Philip Hammond declared in his Budget speech as he attempted to avoid a house of horrors two days before Halloween. On the surface, Hammond revealed  of plenty of treats for taxpayers, although sceptics suggest he...

Self-assessment for first-timers

The number of tax returns submitted in 2016/17 hit a record high of 10.7 million. That figure’s set to rise for 2017/18 with more people going through self-assessment for the very first time. If you earned more than £1,000 outside of PAYE in 2017/18, received more...

Preparing for Making Tax Digital

With autumn in the air, our team of accountants continue to help owners of VAT-registered businesses make the transition towards digital accounts. That’s because, subject to any further delay, all businesses with annual taxable turnover of more than £85,000 will need...

Securing funding for your business

Sourcing funding is a vital component of running a successful business, whether it’s getting your idea off the ground, easing a cashflow crisis or financing the next stage of its development. The first port of call for most established business owners is their bank,...

Extracting profits from partnerships

Depending on how many business partners are involved in your partnership, each partner takes their slice of the pie and pays income tax on it accordingly. This should be a key part of your business plan, and there are several ways for you or your partners to get paid...

Setting up payroll for the first time

You’re starting a business and recognise the need to take on employees to help you share the load, but paying them in cash isn’t an option as you’ll be breaking the law. You usually need to register to pay income tax and national insurance contributions (NICs) through...

How can we help?

Arrange your free meeting to find out.