Legally small businesses don’t need to have an accountant.  As long as you file your statutory accounts with Companies House, and corporation tax return with HMRC, if you operate as a limited company, or file your self assessment with HMRC if you operate as a sole...

The finances of any small business are often an afterthought to the wider business activities – such as the actual operations, the ‘thing’ you do.  However, the finances of any business make or break it.  How do you know whether you have the right accountant for you...

Here are the key tax dates and deadlines for 2024/25 tax year. Make payment on the previous working day where the due date falls on a weekend/bank holiday.   Every month  19th Submit CIS contractors’ monthly return. 22nd PAYE/NICs/CIS deductions paid electronically...

Cloud accounting software is software accessible via the web, that supports businesses with the accounting function of their business.  It covers everything from bookkeeping to management accounts and all the way to the statutory accounts and tax returns.  Cloud...

Common Mistake 1 – Not separating business and personal finances It’s true that, for most small businesses, there aren’t many degrees of separation between your personal finances, and the business. However, by not clearly separating the business’s finances from your...

The Spring Budget was announced on 6th March 2024.  Here’s some highlights that we think are pertinent to business, individuals and, most importantly, our clients. For Businesses VAT The VAT registration threshold is changing.  This threshold is the amount of vatable...