Most of us accountants are keen to make sure that you file your accounts on time. If you are a seasoned business owner, you will already know that if you file your accounts late you will receive penalties. But why else is it important to file your accounts on time? You can review the full […]
Author Archives: Priya Raja-Motala
blog page, Cloud Accounting, Myers Clark Team
Disappointed by their accounting firm. Why S. Hille Holdings wish they’d found Myers Clark sooner.
21
Jun
Jun
Running a business is rarely a solo effort. Being successful and profitable often means relying on other people for support – whether that be experts inside or outside of the company. So, what happens when you realise a professional relationship isn’t serving you? The family at S. Hille Holdings found themselves in exactly […]
HM Revenue & Customs, Personal Tax, Tax Tips
Managing Inheritance Tax – What if you can’t afford to pay the tax
19
Jun
Jun
In our previous blog managing Inheritance Tax (IHT) we looked at how IHT works and what steps you can take to minimise your liability. However, if you look at the latest government data, it shows the number of people paying IHT is rising year on year. Last year some 41,000 people were liable to IHT […]
Business Tips, Cloud Accounting, Digital Technology
How can Artificial Intelligence work for your business?
16
Jun
Jun
You can’t have missed the conversation about artificial intelligence (AI) recently. This is because there is now a new wave of AI technology. This brings an opportunity to automate many routine or administrative tasks and improve the overall efficiency of your business. You know we have been talking cloud accounting for a while because that […]
14
Jun
Jun
The Basis Period Reform was originally planned to coincide with Making Tax Digital (MTD), but despite MTD being postponed, HM Revenue & Customs (HMRC) will still implement the Basis Period Reform. This will have an impact on self-employed individuals and partnerships. If you run a partnership or are self-employed, the Basis Period Reforms will impact […]
06
Jun
Jun
The Renters Reform Bill initially promised in 2019 was published last month (May 2023). The government says this piece of legislation will deliver “safer, fairer, and higher quality homes, thanks to the once-in-a-generation overhaul of housing laws”. However, it is not expected that it will become law until next year. So where does this leave […]
31
May
May
You might have a great product or service to sell but without a business growth strategy to help, it may not grow at all! To grow you need to have a well-documented and clearly defined growth strategy. A growth strategy starts with identifying and accessing opportunities within your market. The strategy addresses how your company […]
Business Tips, Corporation Tax, Employee Benefits, Payroll, Personal Tax
The best ways to take money out of your company.
23
May
May
What are the best ways to take money out of your company? This is the most common question asked by many clients. You choose to operate your business as a limited company for various reasons. One of the top reasons is normally so that you can have protection under “limited liability” and the other is […]
Landlords, Personal Tax
The upcoming EPC changes for Landlords — We are still waiting for confirmation on this (09/24)
17
May
May
The Government has proposed a new EPC change for landlords requiring a Minimum Energy Efficiency Standard (MEES) to move from E to C. This upcoming change to the EPC requirement could be expensive for landlords and needs careful planning. What is EPC? EPC stands for Energy Performance Certificate and measures the energy efficiency […]
10
May
May
The UK employment rate was estimated at 75.8% in December 2022 to February 2023. This is 0.2% higher than September to November 2022. The increase is due to more part-time employees and self-employed workers, and it means the labour market remains tight. So, what can you do to make recruitment easier for your business. In […]