Landlords should bring UK tax affairs up to date before Renters Reform Bill is enforced in law

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Landlords should bring UK tax affairs up to date before Renters Reform Bill is enforced in law

May 23, 2023

The Government is looking to introduce the Renters Reform Bill, which if made law, will be the biggest shake-up to housing laws in forty years. Whilst the Bill will have implications for the 11 million renters in the UK, landlords have ...

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Benefits of hiring an accountant for your start-up

May 18, 2023

Running a start-up can take its toll, with the inevitable early struggle of managing and overseeing every role within the business. Eventually, your business will start to grow, and you will find spinning multiple plates more difficult as you expand. Keeping track ...

Blog, Money, SMEs

Strategies for SMEs: Surviving the interest rate hike

May 16, 2023

As interest rates in the UK rise, small and medium-sized enterprises (SMEs) will undoubtedly feel the pinch. Interest rate changes can be effectively managed by SMEs by reviewing and altering the financial processes within their organisations to ensure outstanding debts are ...

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What do you need to know about Income Tax?

May 11, 2023

If you’re feeling unsure about your Income Tax obligations, it's important to understand what you are required to pay, how you pay it and what to do if you haven’t paid enough or have paid too much. What is Income Tax? ...

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VAT penalties for late filing or payments – be aware of the changes

May 09, 2023

HM Revenue & Customs (HMRC) has removed the default surcharge for late payments of VAT and replaced it with what is a new penalty charge. The way interest is charged has also been amended. Previously, the default surcharge was two per ...

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Changes to the Seed Enterprise Investment Scheme (SEIS)

May 03, 2023

The UK has long been a hub for budding entrepreneurs and startups, with innovative ideas and new businesses emerging every day. The Government recognises the importance of supporting these early-stage businesses to stimulate economic growth and job creation. One such initiative designed ...

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Taxes you should know before starting a business

Apr 27, 2023

Starting a business is an exciting venture for aspiring entrepreneurs, and it is important that you become well-versed in all things tax. Keeping up with changes in tax laws and regulations, as well as adhering to proper tax planning and compliance, ...

Blog, Business accounting, Money, SMEs

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 accounting, Business Advice

The importance of financial reports as a business owner

Apr 18, 2023

As a small business owner, you will be in charge of many things and must juggle many responsibilities. From managing employees to targeting new customers, there are countless tasks that require your attention. One aspect of running a successful business that cannot ...

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