Hints and TIPS
The latest hints and tips from our blog
Please note: The information contained in this site is provided for information purposes only and is of a general nature. It is not a substitute for specific professional advice related to your own circumstances. You are recommended to obtain specific professional advice before you take any action.
Tax-efficient giving
Strategic planning of gifts to minimise tax liabilities. Tax-efficient gift-giving is an essential aspect of estate planning that can significantly reduce your inheritance tax (IHT) liabilities while benefiting your loved ones. By carefully planning and utilising the...
Understanding R&D tax credits
Unlock the benefits of R&D tax credits for your business. Research and development (R&D) tax credits are a crucial incentive designed to encourage businesses to innovate and invest in new technologies, processes and products. Yet, despite their significance,...
Caseron News Round Up – September 2024
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 Bank of England cuts interest rates CGT take falls by £2.5 Billion...
What to expect from a statutory audit
Insights to prevent unexpected surprises. A statutory audit may sound alarming, but it's a vital process that helps ensure a company's financial health and compliance. Whether you’re a small business owner or part of a large corporation, understanding what to expect...
Building an emergency fund
Take steps to secure your future. As an accounting practice, we often stress the importance of having an emergency fund to our clients. An emergency fund is essential for financial stability, offering a safety net during unexpected situations such as job loss, medical...
Caseron News Round Up – August 2024
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 inheritance tax recovery soars London ranked 8th most expensive...
Becoming an employer
What you need to know before taking on the responsibility Deciding to become an employer is a significant milestone for any business. It marks a phase of growth and the need for additional support. In this guide, we will explain what becoming an employer entails, the...
Navigating capital gains tax
Capital gains tax explained Capital gains tax (CGT) is the tax on the profit you make when you sell or ‘dispose of’ an asset that has increased in value during your ownership. It is important to note that the tax is levied only on the gain made from the sale, not the...
Caseron News Round Up – July 2024
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 contacts pending for Claimants House prices rise slightly again...
Business valuation: Knowing your company’s worth
Essential knowledge for accurate market assessments Understanding your business’s value is more than a number on a balance sheet – it’s a crucial indicator of your company’s health and future potential. Whether considering a sale, seeking investment or planning...
Wealth planning for you and your family
Understanding the basics of financial planning Financial planning is undoubtedly the bedrock of successful wealth management, serving as the critical first step in a lifelong journey of financial growth and security. The process begins with a thorough evaluation of...
Caseron News Round Up – June 2024
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 House prices fall for the second month in a row UK predicted slowest...
Tax deadlines and penalties for limited companies
Essential tax compliance for limited companies Managing a limited company requires meticulous attention to regulatory obligations, particularly with regard to tax and accounting. Financial compliance is punctuated by a series of key deadlines and potential penalties...
Debt management strategies
Practical and effective steps to manage debt Managing debt effectively is an increasingly crucial component of personal financial health in today’s economic climate. With rising living costs and the easy availability of credit, it’s easy to find yourself in a...
Caseron News Round Up – May 2024
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 House prices grow slowly in March Stealth tax freeze threatens income...
Personal tax planning in 2024/2025
Navigating your finances with confidence As we step into the 2024/25 tax year, it’s now more important than ever to take a proactive approach to managing your personal finances. Whether you’re navigating the complexities of income tax, considering investment...
Managing cashflow: 21 Tips for small businesses
Cashflow management advice Managing cashflow effectively is critical for the survival and growth of your small business. It’s about planning, monitoring and controlling the money coming in and going out of your business, which ensures you have enough cash to cover...
Caseron News Round Up – April 2024
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 UK house prices rise as interest rates fall Manufacturing and R&D...
How to improve your financial health
How to improve your financial health Improving your financial health involves strategic planning, informed decision-making, and constant adjustments. There are many factors to consider – so how do you know where to begin? While everyone’s circumstances are unique,...
A guide to registering for self-assessment
How to register for and file your self-assessment tax return. If you’ve never had to complete a self-assessment tax return, the first time can be daunting. But don’t worry: we’ll demystify the process in this article. And if you have completed one before, this guide...
Understanding Marginal Corporation Tax
For UK business owners, the landscape of Corporation Tax has evolved, presenting new tiers and marginal relief considerations for 2024. Here’s a brief overview to demystify the current system and enable you to plan with confidence. How you will be impacted by the...
Choosing The Right Business Structure: Employee, Sole Trader, or Limited Company?
Making the leap from employment to self-employment is a significant decision for any professional, especially in the marketing field. Each route—being an employee, a sole trader, or operating through a limited company—has its unique set of advantages, disadvantages, and tax implications. This guide aims to shed light on these aspects, helping marketing professionals make informed decisions about their career paths.
Mastering business expenses
An essential toolkit for business owners In today’s economic landscape, where financial acumen plays a pivotal role in the sustainability and growth of any business, the importance of effectively managing business expenses cannot be overstated. Recognising this...
Spring Budget – March 2024
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 Introduction Economic Outlook Personal Changes Business Changes
Caseron News Round Up – March 2024
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 clamps down on undeclared dividends earnings 'Help to grow'...
Is property investment right for you?
Making an informed decision Many individuals invest in real estate to boost their income and gain greater financial security. But while the journey can be rewarding, it also requires committing a significant amount of your own time and money. So, how do you know if...
The ABCs of VAT for small business owners
Your guide to understanding VAT Value Added Tax (VAT) is a significant part of the UK tax system. If you run a VAT-registered business, you’re required to charge this tax on most goods and services, which you must then report and pay to HMRC. Basically, you are...
Caseron News Round Up – February 2024
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 National Insurance cut boosts UK households Economic confidence index...
Personal financial planning in 2024
New year, new strategy. The new year marks the start of new beginnings, so there’s no better time to revisit your personal financial strategy. Drawing up an economic plan with clear, achievable goals can improve your long-term financial health and help protect you and...
Should you hire or outsource accounting?
All you need to know to make the right choice. Running a successful business entails astute financial management, and at the core of this is the crucial decision of how to handle your accounting needs. Should you bring a full-time, in-house accountant into the fold,...
Caseron News Round Up – January 2024
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 Launches crypto-asset tax disclosure service Overseason firms...
Caseron News Round Up – December 2023
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 UK accountants demand HMRC service improvements Bank of England holds...
Autumn Statement 2023
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 Introduction Economic Outlook Personal Changes Business Changes
Accounting tech for businesses
How will technology impact your business’s financial future? Constant developments in technologies like AI and cloud accounting are changing the way we do business and manage our finances. It’s a rapidly advancing field that has already changed the way most businesses...
Retirement planning tips
How to plan your finances ahead of retirement. For many savers, retirement can seem like a far-off or even unattainable goal. But to maximise your chances of retiring comfortably, early planning is essential. Recent research from Canada Life shows that a worrying...
Caseron Insider – November 2023
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 UK economy recovery slows in August Insolvency up by 15.5% compared...
A guide to registering for self-assessment
How to register for and file your self-assessment tax return. If you’ve never had to complete a self-assessment tax return, the first time can be daunting. But don’t worry: we’ll demystify the process in this article. And if you have completed one before, this guide...
IR35: what happens when it goes wrong?
How the off-payroll rules will affect you and your business. Contractors and freelancers operate through a private company to enjoy a better tax treatment compared to sole traders — but a more favourable tax position is actually never guaranteed because of...
Caseron Insider – September 2023
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 Geopolitics prompt importers to alter supply chains UK grows but...
New pension reforms explained
Hunt says changes will unlock £75bn of investment. On the evening of Monday 10 July 2023, Chancellor Jeremy Hunt delivered a speech at Mansion House in the City of London framed around “looking further ahead”, rather than just dealing with the immediate inflationary...
Choosing your accounting software
How to find the best option for your business. In today’s fast-paced and competitive business environment, having the right tools and systems in place is crucial for success. However, one tool that sometimes goes overlooked is accounting software, which can help you...
How, When, and Why a Small Business Should Niche
In today's competitive market, how, when, and why a small business should niche is a question on every entrepreneur's mind. Niching down can be the key to unlocking unprecedented growth and profitability for your business. The Power of Niching Niching allows...
Caseron Insider – August 2023
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 R& D Tax Relief crackdown 'deterring genuine claims' UK Economy...
Mid-year accounting review
Are you hitting your business goals? We’ve over halfway through 2023, so now is the opportune moment to review your business and progress for the year. Chances are, it’s been a tough year so far: in the 12 months to May 2023, the consumer prices index of inflation...
Sales: Right Thing, Right Time, Right Place
As a business owner or entrepreneur, your ultimate goal is to make more profit, take home more money, and work fewer hours. Achieving this requires getting the right thing, in the right place, at the right time, at the right price, in front of the right people. In...
Let’s Build a £10k Product Ladder
As an accountant, I understand the importance of scaling your business to increase profits, take home more money, and work fewer hours. One effective strategy to achieve these goals is by implementing a value or product ladder. In this blog post, we'll explore three...
YOU Need Clients!!!
Your Business Is Floundering and You Need Clients Today... Are you a UK business owner or entrepreneur struggling to generate clients and boost your profits? Don't worry; we've got you covered! In this blog post, we'll explore practical steps you can take to attract...
How a Coach, Mentor, or Accountability Partner Can Help You Profit
As a small business owner or entrepreneur, you understand the challenges and demands that come with running your own venture. It's a journey filled with ups and downs, and sometimes you may find yourself seeking guidance, support, and inspiration. That's where having...
7 Practical Steps to Instant Profits for Service-Based Businesses
Looking for a little bit of extra cash this month? Here are three practical steps you can take today to boost your service-based business's bottom line. [1] Offer Packages, create bundles WHAT: Rather than selling individual services, create service packages that...
How your WHY Impacts your Profit
As business owners and entrepreneurs - we are taught to get up close and personal with our WHY? Today, I thought I would take a closer look at this game-changing concept to understand how understanding your WHY can transform your bottom line according to Have you read...