Accountancy & Business Blog
Redundancy changes for new parents
The law surrounding redundancy for new parents is set to change from 6 April. This will offer enhanced protection from redundancy for those who are...
Have you used your capital allowances this financial year?
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce...
Making the most of pension contributions for tax purposes
Are you ready for the end of the 2023/24 tax year? 5 April 2024 marks the end of the current financial year, so the deadline to use several...
Spring Budget 2024
My business prioritises sustainability – Can I claim tax reliefs?
Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level....
Short-term let owners to face new planning permission requirements
For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer 2024, which could lead to new fees...
HMRC U-turns on its double cab pickups tax decision
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified...
Starting a business: the complete checklist
The UK economy is built on SMEs and innovative entrepreneurs. In 2022/23, over 800,000 new businesses were registered nationwide, an increase of...
Investing in skills – Why SMEs should embrace apprenticeships
Alternative routes to employment are in the National Apprenticeship Week spotlight this week. Do you think apprenticeships are right for your...
Management accounts – Why SMEs should embrace regular reporting
Consistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth. Naturally, year-end...
Debt management strategies for SME business owners
Although it can have negative connotations, debt is inevitable for most businesses. Loans are huge contributors to growth for a lot of small...
Payroll tax obligations – Have you got it covered?
If you employ one or more people for paid work, it’s essential that you have a properly managed payroll. Representing a significant cost to...
VAT deadlines and what businesses should be doing to prepare for them
Businesses must remain compliant with the requirements for reporting and paying VAT, especially with the regular quarterly for VAT under Making Tax...
Our predictions for the SME business economy in 2024
Now that we have entered 2024, our accounting team has been making their predictions and discussing how best to advise our clients on preparing for...
What tax benefits do hybrid vehicles offer businesses?
Hybrid vehicles are becoming an increasingly attractive option for businesses. With changes in company car tax bands and the environmental...
HMRC reminds restaurants and takeaways of VAT obligations on hot food
HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of...
Understanding IAS 32 – A guide for business owners
Accounting standards that impact businesses’ financial reporting are prone to the odd reshuffle every now and then, so it is important for business...
How SMEs should prepare for and handle tax investigations
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue &...
Autumn Statement 2023
How fintech lending can help SMEs unlock new financing opportunities and boost growth
The current economic climate is less than favourable for small and medium-sized enterprises (SMEs). Due to this, it is important for SMEs to...
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