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The Tax Deductible Expenses You Might Be Unwittingly Missing

All you need to know about Tax Deductible Expenses in the UK In this ‘no-nonsense’ guide, we’ll help you understand what tax deductible expenses are, what kind of expenses are eligible for tax relief and what steps you can take to avail those benefits. Without further ado, let’s delve right into it. TAX DEDUCTIBLE EXPENSES…Read More

10 Benefits of a Cloud Accountant

Owing to the recent change in working conditions, courtesy of the global pandemic, businesses are now faced with a multitude of financial and accounting challenges. After all, it’s become quite difficult to maintain back office functions while not having the ability to work on-premises. Accurate and timely accounting information has become absolutely vital for decision…Read More

Outsourcing Your Small Business Bookkeeping Needs

As a small business owner, there are multiple roles you might have to take up. Bookkeeping and related administrative responsibilities might distract you from operating and scaling up your business. The key point in bookkeeping for a small business is keeping complete, accurate, and up-to-date financial records. Bookkeeping also helps to keep track of the…Read More

Things to Consider While Choosing an Accounting Firm

Enterprises, both large and small, employ professionals to bear the burden of taxation and accounting. The advantage of hiring an accounting firm is that they provide financial advice and help business owners make financial decisions. Accounting companies can provide a lot more than payroll assistance or tax-related assistance. Certification Tax preparation companies hire and train…Read More

Reasons Small Businesses Need Accounting Services

Money-This is how you measure business success. This is also how you pay your bills, pay your employees’ salaries, and keep your business running. Unfortunately, according to a Clutch survey, many small business owners sell themselves short without the necessary accounting resources. Accounting is part of every successful business. Accountants can meet the needs of…Read More

Research and Development Tax Credits

What Qualifies For Research and Development Tax Credits? Research and development tax credits have the power to transform your business and create a positive cycle of investment in the UK. What are R&D Tax Credits? Research and development tax credits are government rewards to encourage UK businesses that are into innovation, science, and technology. It…Read More

Government gives UK companies breathing space to help avoid insolvency

Top 10 tips: employee expenses during coronavirus homeworking If your employees are working from home due to the coronavirus lockdown, there are important tax compliance issues to consider before reimbursing expenses. Jacqui Gudgion 1. Supply of one mobile phone and sim card per employee The supply of one mobile phone per employee is non-taxable. There…Read More

UK Government amends Covid-19: business interruption loan scheme

The government has been forced to amend the coronavirus business interruption loan scheme (CBILS) for firms affected by the pandemic, following claims banks were forcing companies to provide personal guarantees, and is adding an option for larger companies. Official figures from UK Finance show while there have been over 130,000 enquiries from businesses across the…Read More

STAY SAFE, KEEP WELL & GET HELP

The situation in the UK, and the world is changing so rapidly it’s hard to keep up with the news.With significant challenges facing businesses and people’s livelihoods, the Chancellor has set out a package of temporary, timely, and targeted measures.The following programmes are to support public services, people, and businesses through this period of disruption…Read More

What is the HMRC Self Assessment Tax Return? A Complete Overview

Are you wondering if you need to complete an HMRC Self Assessment Tax Return? Learn more about who needs to submit one and how by reading on.Tax can be confusing, so if you’re wondering whether you need to complete an HMRC Self Assessment Tax Return, you certainly aren’t alone. Here, we take a closer look…Read More

What financial information is important to you as an SME Owner Manager?

No matter what type of profit-making activity you engage in, you want to know which products or services are profitable. By comparing earnings to your cost of sales and being actively aware of how changes in the cost of sales or pricing (because of competition or other factors) are affecting your gross profit margin(s). You…Read More

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