Business
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 ...
READ MORE
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 ...
READ MORE
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 ...
READ MORE
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, ...
READ MORE
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 ...
READ MORE
Have your employees claimed their pensions? What business owners need to know
Sep 12, 2023
The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs. Recent data reveals that unclaimed pensions amount to a staggering £28,000 per person. As an employer, you have a pivotal role ...
READ MORE
Planning for Inheritance Tax challenges as penalties surge in 2022/23 tax year
Sep 05, 2023
While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate planning. With HM Revenue & Customs (HMRC) collecting a significant £2.28 million in IHT penalties in the last tax year, it ...
READ MORE
Cash flow vs profits: a guide for small business owners
Aug 29, 2023
As a small business owner, you've likely heard the terms "cash flow" and "profits" used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business. The distinction between the two can significantly impact your business's financial health ...
READ MORE
Self-Assessment benefits for small businesses
Aug 22, 2023
As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it offers a lot more. Beyond its regulatory nature, Self-Assessment can be an invaluable tool for evaluating ...
READ MORE
How businesses can navigate and avoid tax disputes with HMRC
Aug 01, 2023
Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted ...
READ MORE
© Walker Begley 2024. All rights reserved. Regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Registered in England and Wales no. 5280582
- Privacy
- Terms & Conditions
- VAT number: 107 1775 25
- The information required by the ‘Provision of Services Regulations’ is on display at our office.