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Why is profit sooooooo important? It pays for all the necessary stuff It pays for all the nice to have stuff It pays for all the emergencies and unexpected costs that life throws at you It pays for all the fun stuff Having enough profit to cover all of the above is...
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights HMRC waives penalties again for late self-assessment Omicron-hit...
Tax-efficient advice for limited company directors. Believe it or not, there are more than 4.7 million limited companies registered in the UK, including the 810,316 incorporations that signed up in 2020/21. Only around 2m are actively trading, but the number of new...
Business structures are essential for tax purposes. If you’re looking to join the 4.3 million people in the UK who made the jump into self-employment, you might be wondering how to start your new business. Assuming you’ve weighed up the pros and cons involved and...
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights HMRC issues last reminder for 2020/21 personal tax returns One in...
Delving into recent changes that affect the CIS. The construction industry remains one of the UK’s key sectors, which also helps to underpin the UK economy, despite experiencing the effects of the COVID-19 pandemic. In September 2021, construction output grew by 1.3%...
Everything you need to know before April 2024. Making Tax Digital for income tax (MTD for ITSA) looks certain to affect sole traders and landlords from April 2024, following the recent news of a one-year delay. This was the latest in a long line of delays and...
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure.Highlights Cladding tax to affect large property developers in 2022/23 Six-month...
Understanding your early-access pension options. Despite remaining complex, pensions offer you far more flexibility from the age of 55 (rising to 57 from 6 April 2028) than was once possible. If you are approaching 55, you might be feeling a twinge of trepidation or...
How we can make your lives easier. As a business owner, you will find that few things in your line of work are as precious as your time – time that would be better spent doing something other than accounting. Many people come to us asking for help with tasks that...