accounting and bookkeeping difference
Tax Saving Accountants

The Differences Between Accounting And Bookkeeping?

For those unfamiliar with the financial sector, certain terminology and its interpretation can be somewhat mindboggling. Bookkeeping and accounting, for example, are often seen as being much of the same process. Though it is true that each role engages with the analysis of financial data, a certain level of accountancy skills, and the proficiency to […]

Construction-workers-gathered-to-discuss-building-plans
Tax Saving Accountants

What Does The VAT Reverse Charge Delay Mean For Construction?

The government settled the domestic VAT reverse charge for building and construction services back in September this year, but it is said to have been delayed by a year and won’t go ahead until 1st October 2020. In this post, we will discuss what compromises the VAT reverse charge, the reasons for the delay and […]

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 […]

calendar showing tax deadlines
Tax Saving Accountants

Defining Annual Deadlines From an Accountancy Perspective

When it comes to the financial sector of business, it is important to be rigorously aware of the different annual deadlines. But remembering and understanding the Financial, Tax, Fiscal and Accounting years is complicated!  Each category owns varying relevance depending on your business. Stonehouse has produced this blog to explain the differences, and of which […]

Tax Saving Accountants

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 […]

7-tips-to-avoid-a-cash-flow-crisis
Tax Saving Accountants

7 Tips To Avoid A Cash Flow Crisis

Keeping track of what money is coming in and going out of your business is essential. Whilst cash flow and profits are both crucial aspects of a business – they should not be confused as they’re not the same. Cash flow vs. Profit The difference between the two is the difference between success and bankruptcy. […]

Tax Saving Accountants

Report Reveals UK Tax Burden 18% Higher than Global Average

The UK tax burden as a share of the economy is close to a fifth higher than world averages, which may impede growth and stifle entrepreneurship, a new report has claimed. Tax revenue is 32.9% of the GDP, compared to 27.8% which is the worldwide average. This makes the tax level in the UK several […]

Tax Saving Accountants

Labour Planning a Crackdown on “unfair tax breaks”

The UK Labour Party has promised to crack down on unfair tax breaks, which are used by private-equity and hedge funds, in an attempt to win over voters before the election in May. Labour has also reiterated its plants to introduce a levy for bankers’ bonuses, which would see funds going towards a youth employment […]

Tax Saving Accountants

Parties are Clashing on Top Tax Rate for Election 2015

Both parties are clashing on top tax rate, and Labour recently called on the Conservative Party to promise not to lower the top income tax rate if it wins the election. George Osborne responded by saying he had no plans to do so, but also refused to completely rule the move out. In 2013 the […]

Tax Saving Accountants

Annual Tax Returns will be Phased out in the UK in Within the Next Five Years

George Osborne, Britain’s Chancellor of the Exchequer recently announced on March 18 during his Budget 2015 speech, that annual tax returns will be phased out within five years. Instead, HM Revenue and Customs (HMRC) the United Kingdom’s tax regulator, will be making it much easier for a new company to register and sign up for […]

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