Do you feel supported and valued by your accountant? They may be keeping your books and your tax returns up-to-date, but are they genuinely interested in your business goals and future plans? Do they keep on top of changes in your sector or advise you on the business support you may be entitled to?
Continue reading Is your accountant doing enough for you and your business?
Tag: tax
How to plan for inheritance tax…
Following the news that thousands more people are expected to pay the standard 40% inheritance tax this year because of the effects of the pandemic, we explore some of the ways to navigate the complexities of inheritance tax…
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Managing holiday requests as lockdown eases…
After more than a year of ups and downs, cancellations and lockdowns, holidays have been in short supply. So as lockdown restrictions begin to gradually lift, many people will be eager to find out when they can book their next break.
Continue reading Managing holiday requests as lockdown eases…
5 reasons you should make tax digital…
Time to sack the spreadsheet?
Digital influences almost everything that we do, on a daily basis. Technology and innovation have made life easier and more convenient, enabling tasks to be completed faster and more accurately.
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How to plan for a successful financial year-end…
Financial reporting at year-end is a statutory requirement, providing a summary of how your company has performed over the previous 12 months. It can also be a good opportunity to take stock and look at ways you could improve your business in the coming year…
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How your business can survive and thrive through Covid-19…
Since the unexpected arrival of COVID-19, business owners have been doing their best to weather the storm and navigate through this unprecedented situation. SMEs have been hit particularly hard by COVID-19, with 80% reporting declining revenue, compared to the 80% of SMEs who said their revenue was stable or growing prior to the onset of the pandemic. [1]
Continue reading How your business can survive and thrive through Covid-19…
Reviewing your pension contributions…
As you approach retirement, you probably want to know when you can afford to stop working. Having worked hard throughout your career you deserve to enjoy your retirement without having to worry about your finances. It may be worth reviewing your pension contributions to make sure you are taking advantage of the incentives offered by the government and your employer…
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Making Tax Digital
Update on HMRC’s plans for Making Tax Digital, Benefits of Private Pension Contributions and Class 2 NIC’s.
Have you heard of it? If not, that’s no surprise! It’s the accountancy equivalent of the snow leopard, confirmed to exist but rarely seen…
Dividends or Salary/Bonus Payments?
For several years, dividends have proven to be a tax effective way for owner/shareholders to extract profits from their company. Whilst salary and bonuses are tax-deductible for the company, and will currently save 20% corporation tax, this saving does not fully offset the substantial costs of National Insurance contributions (NIC) which accrue when making payments through the PAYE system.
Act Now To Keep HMRC Off Your Back
Most of us who are required to submit a tax return will be well aware of the impending due date of 31st January getting closer and closer. A mandatory £100 fine is given to all those who fail to meet it as soon as you cross midnight on 31st January, and further delays and the penalties can increase up to £1600.