We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.
Why you should use double-entry bookkeeping in your business finances
The term “double-entry bookkeeping” is often mentioned as a cornerstone for managing a business’s finances.
The impact of Capital Gains Tax in estate planning
Capital Gains Tax (CGT) is one of those terms that often elicits a groan from private clients, but understanding its intricacies can be incredibly beneficial in the long run.
Paper VAT registration to be abolished in latest digital move
In the latest move in their Making Tax Digital (MTD) campaign, HM Revenue & Customs (HMRC) is removing paper VAT registration from 13 November 2023.
What business owners need to know about meeting PAYE deadlines
Among the long list of financial responsibilities that you must handle as a business owner is ensuring PAYE are made on time. In October 2023, the electronic payment deadline for your PAYE tax bill falls on Sunday, 22 October. To meet this deadline, your cleared funds must be in HM Revenue & Custom’s (HMRC’s) account […]
Could you afford a financial data GDPR breach?
In today’s digital age, data protection has become a paramount concern for businesses of all sizes.
Solicitors’ fees to increase
The Legal Services Board (LSB) has confirmed in its annual report that solicitors in the UK will see their individual practising fees increase by seven per cent in the 2023/24 financial year to £307 from £286.
How management accounts can help your business
Management accounts are vital in keeping on top of your business’s performance. But what are they, and how do they work?
Secure your financial future – Plan ahead and send Self-Assessment returns early
Recent data from HM Revenue and Customs (HMRC) reveals a significant trend – an increasing number of UK taxpayers are filing their Self-Assessment tax returns within the first week of the new tax year.