According to the Office for National Statistics (ONS), the UK’s inflation rate has decreased to 7.9% for the year ending in June. This is positive news as the rate of price increases is slowing down. However, it’s important not to become complacent and to continue monitoring your finances closely. In the current economic climate, managing […]
Author Archives: Priya Raja-Motala
Landlords are currently facing a challenging landscape, causing many to reconsider their decision to remain in the industry. If you plan to continue as a landlord, you may now be considering incorporating your property business. This could deliver some financial and tax advantages. So how can you incorporate your property business in a tax-efficient way? […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]