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- Tax Saving Accountants
- 25 Jun 19
Making Tax Digital – The Impact on VAT
As of April this year (unless deferred, in which case from October 2019), it became a law that businesses labelled VAT-registered must turn to digitised methods to maintain VAT records. This is a branch from the Government’s goal of Making Tax Digital by 2020. The impression here is that going digital will provide more effectiveness, […]
- Tax Saving Accountants
- 22 May 19
The Future of Accountancy in the Digital Age
Manual bookkeeping, human data entry, tax preparation processes, hours of paperwork… procedures that belong to a traditional understanding of Accountancy tasks that are approaching a swift finale. The long hours spent chasing and collating clients’ financial figures, information gathering and filing, and a paper chase with HMRC, pose the systems that belong to ‘yesteryear’. […]
- Tax Saving Accountants
- 8 Apr 19
How to Get Ahead in the New Financial Year
Well firstly, as the financial year end comes around, checking your accounts are ready will save you a lot of time in the long run as many businesses begin to think about what to do first. Starting to prepare ahead of time is a great idea. What does ‘year end’ actually mean? Your Year-End […]
- Tax Saving Accountants
- 18 Mar 19
The History of Accounting
The history of accounting practices is an interesting one worth delving into. It was quickly found that the invention of money came the need to track and audit its movement. At its most basic an “I OWE YOU” must have been one of the first ‘balance sheets’ ever seen but we have to speculate and […]
- Tax Saving Accountants
- 21 Feb 19
Why Is Having An Accountant So Important For SME’s?
Every month, over 200,000 small business open in the UK. Which means the need for an accountant is growing in demand at a similar rate. When opening a new business, it can be very stressful and busy; however, when it comes to looking after your business accounts, it is not something that can be pushed […]
- Tax Saving Accountants
- 30 Jan 19
Top 4 Financial Trends for SME’s in 2019
Now that we are a month into the new year, 2018 is history. This year, it is expected that we will see a change in the financial trends for small and medium-sized business (SME’s). We will be discussing 2019’s top 4 financial trends for SME’s. At Stonehouse Accountants, we know that one of the most […]
- Tax Saving Accountants
- 19 Dec 18
Becoming A Sole Trader – The Advantages
Annual statistics released by the UK Parliment showed that the rise of small businesses has grown at the highest rate in history over the last 5 years. Starting your own business as a sole trader is very attractive for many people in the UK – are you considering it? What Is A Sole Trader? A […]
- Tax Saving Accountants
- 22 Nov 18
2018: The Last Autumn Budget Before Leaving The EU
The 2018 autumn budget has been released by chancellor Phillip Hammond, making this the last budget before Britain leaves the European Union. In this article, we will be rounding up the key announcements of the 2018 autumn budget. Phillip Hammond Increases The Basic Tax Rate Chancellor Phillip Hammond announced he will be pushing on with […]
- Tax Saving Accountants
- 19 Oct 18
How Will Digital Tax Affect My Business?
Digital tax is now less than a year away. In this article, we will cover what business owners need to know about making tax digital, as well as guiding you through the steps in order to prepare for the enormous change. HM Revenue & Customs (HMRC) is moving forward to become the most digitally advanced […]
- Tax Saving Accountants
- 26 Sep 18
Self-Employed Tax Cut Dismissed by the Government
There was hope for the 2.7 million self-employed workers when plans were put in place to remove Class 2 National Insurance Contributions by April 2018. After already being delayed by a year, this September the government have announced this will no longer be happening. This action was expected to save millions of self-employed workers around […]