by Gary Woosey | Jan 10, 2023 | Uncategorized
With the UK’s hospitality and tourism sectors continuing to evolve, the pandemic and cost-of-living crisis have played a big role. For example, whilst looking for an alternative to holiday destinations abroad, many people are opting for a break in their own country....
by Gary Woosey | Jan 3, 2023 | Uncategorized
In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business. Previously, we looked at what management accounts are and how you can make the best use of them. However, understanding how to read these is perhaps the...
by Gary Woosey | Dec 19, 2022 | Tax
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed. Everyone has a personal allowance, but what does this mean for you? A personal allowance is the amount of money you are allowed to earn each tax year...
by Gary Woosey | Dec 13, 2022 | Uncategorized
As a business owner, the financial health of your company plays a key part in every decision you make. Management accounts are a great way to review the financial standing of your company, allowing you to make any necessary alterations and place your attention where...
by Gary Woosey | Dec 7, 2022 | Tax
A furnished holiday let (FHL) is a particular type of rental property classification in the UK. If your property qualifies as an FHL, it is classed as a ‘trade’ by HM Revenue & Customs (HMRC), meaning you are entitled to various tax advantages. However, to be...
