The Autumn Budget was announced on 30th October 2024, after extensive speculation surrounded it. The Budget is said to increase taxes by £40bn, which is an additional 3.7% to what was raised in 2023/24 tax year. Here’s some highlights that we think are pertinent to...
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...