SME ready for an accountant
Tax Saving Accountants

Why You Should Outsource Your Business Accountant

Often, new or small businesses consider using an internal team to manage their finances. This may be suitable for some businesses, however, we have chosen what we believe are the 4 most important reasons to why outsourcing your accountant will extremely benefit your business.   Put your time into what you’re an expert in Managing […]

Changing accountants
Tax Saving Accountants

Advice For Changing Accountants

There can be countless reasons why a business may want to change their accountant. A common reason for this is – your business is outgrowing your current accountants and the workload is too much for them to deliver your requirements on time. When it comes to money, business owners tend to worry, and they have […]

SME's late payment
Tax Saving Accountants

Why Small Businesses Spend £5K A Year Chasing Late Payments

A recent study showed that almost 75% of all small businesses in the United Kingdom spend an average of 9 days per quarter chasing money they are owed by customers or clients. Taking the average hourly wage in the UK, this converts into the cost of £5,000 per year for a business. The study revealed […]

GDPR Consequences
Tax Saving Accountants

What are the consequences of GDPR?

On the 25th of May 2018, the new General Data Protection Regulation (GDPR) will officially be enforced across the whole of the European Union. This will also affect all businesses outside the EU if they are to deal with EU citizens’ data. What is GDPR? The digital world has excelled since the Data Protection Act […]

New Tax Year
Tax Saving Accountants

How will the new tax year affect you?

As of today (6th April 2018) the new tax year has arrived. With this bringing changes for millions of people, it’s important to understand how this will affect you. Changes to tax free income, pension limits and death duty are just a few that will come into place today. Most UK residents will also see […]

Allowable expenses
Tax Saving Accountants

Allowable Expenses Simplified For Business Owners

Understanding that you can’t subtract all of your self-employed expenses is imperative. HM Revenue and Customs (HMRC) has clearly stated what you can and can’t include, expenses that are eligible to be tax-free are known as ‘allowable expenses’. HMRC has defined allowable expenses to ensure that business owners understand that they can only take away […]

accountant-accounting-adviser-advisor
Tax Saving Accountants

Our Simple Guide On Inheritance Tax

What is it? Inheritance tax is a taxing of the estate of someone who has just died. Inheritance tax only occurs on any inheritance above the threshold of £325,000. If the value of your estate is above this threshold, known as the nil rate band (NRB) of £325,000; then the part of your estate that […]

close up of tax return
Tax Saving Accountants

Online Self Assessment Tax Return Deadline Approaching

With the deadline for submitting paper returns already passed, it is now the final countdown to completing your tax return online. You now have until the 31st January to get this done; bare in mind if it’s your first time the information needed from HM Revenue and Customs can take up to 20 working days. […]

Phillip hammond
Tax Saving Accountants

2017 Autumn budget: What does it mean?

Last week Chancellor Philip Hammond stood in the House of Commons and gave the Autumn Budget. After raising a few eyebrows when he delivered his first budget last spring, we have put together the key announcements. Business Rate These will now increase by Consumer Price Index (CPI) which will come into effect in April 2018, […]

calculator-calculation-insurance-finance
Tax Saving Accountants

Bank of England warning over car financing

We recently spoke about the growing consumer credit topping £200bn for the first time since 2008. Now reports are confirming a startling warning given by the Bank of England in a bid to warn of risks to the economy. The British economy had once relied partly on the population to invest in buying new cars […]

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