Budget March 2021
Chancellor Rishi Sunak's has given his much anticipated March 2021 budget today. All the details are still to be released so we will give you a brief overview of the main bits.
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Blog
Sole Trader Vs Self-Employed
2021: How to Organise your Finances
In fact, a study of small and medium-size business-owners revealed they spent up to three hours a day completing necessary paperwork. This left them short of time to take care of the important task of promoting and growing their business.
Almost half of respondents said they were working outside normal hours in order to complete everything. (more…)
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The War Accountant
While the Great War and World War 2 caused personal tragedy, hardship and upheaval for the British public, the conflicts also had a lasting effect on our nation's banking system. Before the 1914-18 war, financial institutions hadn't changed since the Victorian era. New technology, such as typewriters and telephones, were starting to be used, but banks in general had remained the same since the 1870s.
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Self-employed Courier Drivers: How Accountants can Help
Being a self-employed courier driver can be a lucrative source of income, as the demand is high, due to people deciding to skip the shops in favour of purchasing online instead. We've seen a continual growth in online shopping and a connected need for reliable delivery services in recent years.
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Winter Economy Plan
Chancellor Rishi Sunak's announced today new measures to help support and protect viable jobs. All the details are still to be released so we will give you a brief overview of the main bits.
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Payroll: How Accountants can Help
Payroll is crucial to the smooth operation of any business, as it calculates how much each employee needs to be paid, how much tax and National Insurance should be deducted and reports the employees' pay details to HMRC.
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The Importance of Accounting for Business Success
It's impossible to run a business today without proper accounting, because you won't have any idea of your company's financial health. According to the latest statistics, 91% of small businesses and 87% of medium businesses hire an external accountant to ensure things keep running smoothly. It has become the norm today to take the strain off beleaguered bosses.
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Choosing an Accountant for your Business
Choosing an accountant is one of the most important decisions you will ever make - after all, when you're trusting someone to manage your finances, you need to be certain it's the right choice.
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Summer Statement : Key Points
Chancellor Rishi Sunak has delivered his summer statement with an emphasis on jobs and the economic recovery. I will go through the main points raised; however, the detailed guidance hasn't been published yet.
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Updates on SEISS and CJRS
Chancellor Rishi Sunak's announced on Friday updates to the Furlough scheme and a second SEISS grant, below are the main points that you need to know.
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Local Authority Discretionary Grants Fund
A few weeks ago the government announced that there would be another grant fund available to those that had missed out on the rates grants. This is a discretionary fund for the local council to administer from guidelines given to them by the government.
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Bounce Back Claims
The government has announced another scheme to help out small businesses. As the Coronavirus pandemic continues to cause disruption to our 'normal lives', it is hard to see the light at the end of the tunnel.
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In Focus : Receipt Bank
Automated data entry Receipt Bank simplifies the time-consuming, monotonous task of data entry so you can spend more time on actively making your business a success. Receipt Bank has many ways in which you can upload your bills, take a picture using your smart phone or tablet app, scan and upload, email or use drop…
(more…)... Read MoreThe Future is Digital
With the 2017/18 self-assessment tax return deadline well out of the way, attention is now turning towards Making Tax Digital, the key element of the Government’s tax administration plans.
(more…)... Read More2017/18 Tax Return Statistics
More than 11.5 million people were required to file their 2017/18 Self Assessment tax returns by the 11.59pm deadline on January 31st. Of those, 93.68% were submitted on time, which set a new record according to HMRC.
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Philip Hammond recently delivered his second Budget as chancellor. Here are some of the key points of his speech:
Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000.
(more…)... Read MoreMaking Tax Digital
Making Tax Digital (MTD) is part of the government’s plan to make it easier for businesses to stay on top of their day-to-day accounts. HMRC wants to be one of the most digitally advanced tax administrations in the world – improving efficiency, effectiveness and ease of compliance. The plans signal a major change for and the end of paper accounting for millions across Britain.
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