Large number of over 65s file Self Assessment tax return
Jan 18, 2023
The 2021 to 2022 tax year saw a considerable amount of people aged 65 and over filing a tax return. A report released by HM Revenue & Customs (HMRC) revealed that 16 per cent of individuals who submitted a tax return ...
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How hospitality and tourism are transforming in the UK
Jan 10, 2023
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 ...
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How can your businesses cut costs?
Jan 05, 2023
As the cost-of-living crisis continues, your business might be looking for ways to cope with soaring energy bills and interest rates. If you’re thinking about using your business’s savings to stay afloat, you’re not alone. In fact, a survey from Investec revealed ...
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How to read a set of management accounts
Jan 03, 2023
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 ...
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Is your business going for growth? What you need to think about
Dec 21, 2022
You have overcome those initial obstacles to starting a new business and are now trading comfortably. The question is, where do I go from here? Despite difficult economic times, now is the time to consider growing your business. Sales is an obvious ...
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How the personal allowance works
Dec 19, 2022
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 ...
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What do you need to know about annual accounts?
Dec 16, 2022
Are you a business owner who wants to gain a more in-depth insight into annual accounts? These accounts are often known as business accounts and are important in order to ensure your business runs successfully. What are annual accounts? Annual accounts provide ...
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How can I make best use of management accounts?
Dec 13, 2022
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 ...
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How to grow your business
Dec 09, 2022
Are you thinking about ways to grow your business but are unsure of where to start? Look no further. In this post, we will tell you our top tips on how to get started with growing your business. Concerns you may have ...
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Furnished Holiday Let Tax: What do you need to know?
Dec 07, 2022
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 ...
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