Planning your Company Filing and Payment Deadlines for the Year

Keeping on top of the deadlines for your company filing and tax payments can be hard work. With so many elements to coordinate and keep track of, it’s easy for deadlines to occasionally slip through the cracks – but that can lead to fines, penalties and other issues. The key is to stay fully in […]

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What Home Office Expenses are Deductible for your Business?

With greater use of home-working now the norm for many UK businesses, it’s important to think about the deductible expenses that you may be able to claim when working from a home office. Working from home results in us using more power, more broadband and more heating than when working from an office space, or […]

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The Fundamentals of a Business Budget

A business budget is one of the essential tools in managing your business finances and actively building your business. For a complete picture of your business health, you need to review the income statement (also known as Profit and Loss), the balance sheet, the cash flow forecast and the budget. Taken together, these reports can […]

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Stressed About Your Tax Return?

Top Four Tips to Complete Your Tax Return If you want to avoid the stress of your tax return, follow these four simple steps to prepare your business in advance. Tax season is one of the most stressful periods of the year for a business owner. With proper planning, however, you can change that. It’s […]

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Making the Most of Your Salary & Dividends in 2021/22

Here we outline the some combination options for your salary and dividends from your limited company to make best use of the tax rates and allowances. Details of how to make payments with HMRC are listed here. Assumptions used: Tax and NI rates and allowances are as advised in the March budget The strategies are based […]

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How Accountants Can Save You a Fortune

Accounting is a crucial part of every business, from small boutiques to multinational corporations. You can’t ignore your accounts, and doing so for even a short period of time can damage your business. However, accounting is complicated, and mistakes can be costly. Hiring a professional will save you a huge amount of time and money, […]

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Using Pension Contributions to Reduce Corporation Tax

If you’re looking for ways to minimise your corporation tax bill, it’s worth considering if there are deductible expenses you can claim. One key area to think about is your director pension contributions, as these can be offset against your taxable profits. Pension contributions for directors of up to £40K per annum can be deducted […]

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How Do You Invoice During a Crisis?

It’s not easy to request payment on an invoice right now… But it is important to keep cash flowing into your business so you can cover expenses and meet your obligations to others. As with all business dealings at the moment, a little empathy and a lot of open communication can go a long way. […]

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Are You Paying Too Much on Your Tax Bill?

Paying your tax bill is an inevitable part of doing business. The more your income grows, the more tax you will have to pay. Unfortunately, you’re rewarded for your success with a bigger tax bill. While we don’t want our clients to avoid paying tax or evading HMRC. We do want our clients to pay […]

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