Happy New Year and welcome to the first blog of 2024. We hope you had a good rest and break during the festive season and enjoyed some quality time with friends and family. Many of you will now be looking at starting the New Year off right. For this reason, January is a popular time […]
Category Archives: Business Tips
06
Dec
Dec
Many small businesses may have lost track of MTD, which has been introduced five times already. What did the Autumn Statement 2023 say about MTD? The Autumn Statement 2023 included the outcome of the Making Tax Digital Small Business Review. The review focused on whether and how small businesses should be brought into MTD. So, […]
Business Tips, National Insurance, Personal Tax, self employed, Tax Planning, Tax Tips
Autumn Statement 2023 – The Overview
29
Nov
Nov
The Chancellor, Jeremy Hunt, made a statement on our economy last week. The Autumn Statement 2023 unveiled the current government’s tax and spending plans. The statement also focused on the growth of the British Economy over the coming years. The UK Economic Outlook The Chancellor expressed a strong desire to prioritise the expansion […]
22
Nov
Nov
Earlier today, Chancellor Jeremy Hunt delivered the Autumn Statement 2023. He began by stating that the economy had performed better than expected and that “real” income had increased. As a result, he announced 110 measures in the Autumn Statement that aim to drive growth. We were thankful that he did not go into each and […]
25
Oct
Oct
It’s been some time since we saw a weakness in the UK job market. But this week we received news from the Office for National Statistics (ONS) that unemployment rose slightly to 4.2% (from 4%) in the three months to August 2023. So, what’s happening to the UK economy? The ONS explained that the figures […]
27
Sep
Sep
Last month, HM Revenue and Customs (HMRC) released the first update from their National Minimum Wage (NMW) promotion team. Going forward, they plan to provide quarterly updates on certain things to watch out for when calculating the minimum wage. You should sign up for the employer bulletins. Why is it important to get the […]
13
Sep
Sep
Currently, in the UK, there is a shortage of high-quality staff to support businesses. There are multiple reasons behind this, and some of them are beyond our control. However, you can control the type of employer you are. The initial step is to comprehend your responsibilities as an employer. So what are your duties as […]
16
Aug
Aug
Many landlords are having a difficult time right now. For many of you, it’s an anxious time due to a few things happening, like rising interest rates and new legislation. So why is it important to think about how to be a good landlord? Following the death of a young boy (Awaab Ishak) in 2020, […]
26
Jul
Jul
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 […]
Accounting Tips, Business Tips, Cash Flow, Cloud Accounting
Why is it important to file your accounts on time ?
22
Jun
Jun
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 […]