The impact of Capital Gains Tax in estate planning

Oct 19, 2023

Capital Gains Tax (CGT) is one of those terms that often elicits a groan from private clients, but understanding its intricacies can be incredibly beneficial in the long run. CGT has, after all, a significant influence on your estate planning and ...

Blog, Business, HMRC, Online Payment, PAYE, SMEs, Tax

What business owners need to know about meeting PAYE deadlines

Oct 17, 2023

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 ...

Blog, Business, Business Advice, SMEs, Top tips

Could you afford a financial data GDPR breach?

Oct 12, 2023

In today's digital age, data protection has become a paramount concern for businesses of all sizes. Failing to comply with UK GDPR measures could cost your company millions of pounds in damages. One regulation that has significantly impacted how companies handle data ...

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Blog, Business, Self-assessment, SMEs, Tax

Secure your financial future – Plan ahead and send Self-Assessment returns early

Oct 10, 2023

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 ...

Blog, Business, SMEs

The crucial role of sales forecasting

Oct 05, 2023

As an owner of a small to medium-sized enterprise (SME), juggling numerous responsibilities comes with the territory. Overseeing operations and growing your client base are vital tasks, but the key role of sales forecasting can sometimes be overlooked. However, adept sales ...

Blog, Business, HMRC, Self-assessment, SMEs

How HMRC’s new online tools can help you simplify taxation

Oct 04, 2023

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 various tax-related ...

Blog, Business, Cash Flow, SMEs

How could new “open banking enhancements” benefit your business?

Sep 28, 2023

Your business could benefit from a new scheme being run by HM Revenue & Customs (HMRC). The newly introduced “open banking enhancements” allow businesses to reduce their immediate paying obligations and pay their tax bills in manageable portions. Managing taxes efficiently is ...

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Blog, Business, Pension, SMEs

18-year-olds to be included in auto-enrolment expansion

Sep 21, 2023

A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate "earlier and increased savings" for millions of young people across the UK. Whilst this is undoubtedly a positive thing for the pension savings of young people and ...

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Blog, Business, Business Advice, HMRC, SMEs

Closing on the inaugural Economic Crime Levy payment – What you need to know

Sep 19, 2023

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, ...

Blog, Business

Three steps to simplify your accounting

Sep 14, 2023

Accounting doesn't have to be a time-consuming and complicated task. By breaking down the accounting process into manageable steps, you can simplify your accounting and have a clearer view of your business’s financial health. Below are three steps to get you started: Utilise ...

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