Tax Saving Accountants

Making Tax Digital (MTD)

You may have heard about the recent changes to the way VAT must be reported. In April 2019, HMRC introduced Making Tax Digital (MTD). The main change with this new piece of legislation is the way your VAT returns are filed online. If your company is turning over more than £85,000 you are now required […]

Tax Saving Accountants

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 […]

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 are small businesses spending £5,000 per 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 […]

Tax Saving Accountants

Best personal finance software for SME’s going into 2017

Financial software is crucial for small SME’s who have just got into the business environment. What they offer is a service that is almost identical to having a team member in accounts, however for small businesses they save a considerable amount of money when they are just finding their legs in the industry before moving […]

Tax Saving Accountants

Self-Employment Skyrockets!

The latest ONS figures show that self-employment is here to stay After seven months of being in decline, the UK has seen the figures of self-employment rise significantly. The report was published by the Office for National Statistics (ONS) November 11th 2015. The number rose by 30,000 during the third quarter of 2015. Which is a […]

Tax Saving Accountants

Facebook’s Tiny Corporation Tax Bill

Supposedly because the company is not profitable here. Year after year, we have dealt with countless headlines of massive multimillion companies dodging their UK tax payments and saving millions. Facebook is the latest company under the spotlight. The social networking giant who has 1.39 billion active users each month has raised many eyebrows after it […]

Tax Saving Accountants

Landfill Tax Crackdown Welcomed by Waste Industry

Local police forces located in the north of England have joined forces with HM Revenue and Customs (HMRC) for a landfill tax crackdown, investigating suspected landfill tax fraud worth millions of pounds. 14 were arrested in dawn raids yesterday, with 180 officers involved in the raids in Yorkshire and the north-east targeting eight residential and […]

Tax Saving Accountants

Changes to the Inheritance Tax Limit Means Thousands Need to Change their Wills

Thousands of families in the UK who originally set up discretionary trusts in order to have a tax-efficient way to leave property to their children will need to make significant changes to their will or risk missing out on the new allowance for inheritance tax. Accountants have warned that changes to the inheritance tax limit […]

Tax Saving Accountants

Tory Leader Ruth Davidson asks for Low Taxes for Scotland

Tory Leader asks for Low Taxes for Scotland, Leader of the Scottish Tories, Rush Davidson has recently said that she believes the Scottish government needs to pledge to never raise taxes higher than everywhere else in the UK in order to prevent the top-rate taxpayers leaving Scotland in order to work in England. Ms Davidson […]

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