Employee expenses and benefits: How to submit a P11D form

Apr 25, 2023

Do not be stung when rewarding employees. Avoid penalties on employee benefits by correctly submitting P11D forms. ‘Benefits in kind’ are great perks for employees and a great way for employers to show their appreciation for hard work and valuable contributions. But ...

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Blog, Business Advice, SMEs

Understanding IR35 and its implications for employers

Apr 20, 2023

If your business engages off-payroll workers, it's essential to be familiar with IR35 and its potential impact on your operations. IR35 – what is it? IR35 is a tax legislation aimed at ensuring that workers pay the appropriate amount of tax and ...

Blog, Business Advice, SMEs

How can you prepare for the basis period reform?

Apr 14, 2023

We are currently in the transition period for the basis period reform, which is set to come into full effect from the 2024/25 tax year. So, if you run an unincorporated business, you need to be prepared for the upcoming changes. What ...

Blog, Business Advice, SMEs

Preparing your business for the summer

Apr 11, 2023

If you run a business in a tourist hotspot, you need to get prepared for the summer. As the days get warmer, your business is likely to see a surge in demand. But what can you do to get ready? Recognise the ...

Blog, Business Advice, SMEs

What salary should I take as a director of a limited company?

Apr 06, 2023

Being a director of a limited company means having the ability to pay yourself in a different manner to being a typical PAYE employee. In the context of a limited company, it is common for the director to receive a salary ...

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Blog, Business Advice, SMEs

Is your business ready for the new tax year?

Mar 30, 2023

Getting the tax year off to a good start will help you to optimise your overall financial position. But you need to plan ahead. Effective planning helps you to keep your business organised and compliant. It also enables you to maximise ...

Blog, SMEs

How will the changes in the Spring Budget change pensions?

Mar 23, 2023

During the 2023 Spring Budget, the Chancellor announced changes to pensions, which may alter the way you save for retirement. These changes will allow you to save more money and may provide a helpful tax planning opportunity, so it is important ...

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Blog, Business Advice, SMEs, Tax

Are you handling your records effectively?

Mar 02, 2023

Effective financial record keeping is crucial for any business owner to maintain compliance with tax regulations and gain a clear understanding of their financial status. Although you may already have established bookkeeping practices, it is crucial to periodically review and update ...

Blog, SMEs

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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Blog, Business Advice, SMEs

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 ...

SMEs