Thinking of investing in electric cars for your business? – Here’s what you need to know
Jun 19, 2024
The number of electric cars on our roads is rising rapidly. In 2023 alone, the number of new electric vehicles rose by 18 per cent and there are now some, 1.1 million fully electric cars on UK roads, according to ...
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Starting a new business? What you need to know
Jun 11, 2024
If you’re preparing to start your new venture, there are steps you need to take to make your launch as smooth as possible and comply with commercial law. Planning ahead can help you avoid contravening important regulations and minimise your financial ...
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Getting ready for your financial audit
Jun 06, 2024
Facing your first financial audit can be intimidating, yet it is an essential task for many businesses. Why are you being audited? Understanding the purpose behind your audit is the first step. Audits generally occur for three primary reasons: You are legally ...
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Managing staff costs: Statutory payments and compliance
Jun 04, 2024
Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to make and how to plan for them. Many employers fail to consider statutory payments in addition to ...
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What should you avoid when transitioning to Making Tax Digital for Income Tax Self-Assessment?
May 30, 2024
From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords. If you earn over £50,000 a year, you must adopt MTD-compliant software to maintain digital records and provide Income Tax updates. This will ...
READ MOREDirector’s loans – A missed tax planning opportunity?
May 28, 2024
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses. Essentially, you borrow money from your own company that is not accounted for by one of the other profit extraction options. Director’s loans ...
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Ten top tips for boosting your budget
May 24, 2024
Effectively managing your budget is crucial for business success, especially in challenging economic times. Speaking with an accountant can significantly enhance this process by identifying further efficiencies and effectively managing cost savings. Here are our top ten tips for boosting your budget ...
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Streamlining your payroll set-up with employment and tax records
May 21, 2024
When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the right checks and set them up in your payroll system! If you ask for ...
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Starting a seasonal business? Here is what you need to know
May 16, 2024
Are you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own set of unique challenges and opportunities. Understanding the differences in seasonal commerce is crucial for success. Whether you are opening an ...
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Furnished residential lets vs Furnished Holiday Lets – The tax situation
May 14, 2024
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out. However, you may be able to claim some allowable tax reliefs and deductions. The ...
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