by Gary Woosey | Oct 31, 2023 | Blog, Finance, Pension, SME, Tax
When it comes to tax planning, timing is everything. The end of the financial year might seem like the obvious period to get your accounts in order, but why risk a tax season rush? Halloween is near the mid-point of the tax year (which is on 5 October) and is an...
by Gary Woosey | Oct 24, 2023 | Blog, Bookkeeping, Finance, SME
The term “double-entry bookkeeping” is often mentioned as a cornerstone for managing a business’s finances. But what does it mean, and why is it so universally adopted? Below, we aim to demystify double-entry bookkeeping for small business owners and...
by Gary Woosey | Oct 17, 2023 | Blog, Online Payment, PAYE, SME, Tax
Among the long list of financial responsibilities that you must handle as a business owner is ensuring PAYE are made on time. In October 2023, the electronic payment deadline for your PAYE tax bill falls on Sunday, 22 October. To meet this deadline, your cleared funds...
by Gary Woosey | Oct 10, 2023 | Blog, SME, Tax
Recent data from HM Revenue and Customs (HMRC) reveals a significant trend – an increasing number of UK taxpayers are filing their Self-Assessment tax returns within the first week of the new tax year. In fact, the number of early filers has surged by nearly...
by Gary Woosey | Oct 3, 2023 | Blog, SME, Tax
HM Revenue and Customs (HMRC) has always been at the forefront of embracing technological advancements to make tax-related processes more straightforward for businesses and individuals. Recently, HMRC has rolled out a series of new online tools aimed at simplifying...
by Gary Woosey | Sep 19, 2023 | Blog, SME
As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment. HM Revenue & Customs (HMRC) has enabled this process by launching an online payment service, a move that signals...
