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Need-to-know information and honest opinion
Our blog posts are inspired by real questions from real clients, by breaking developments in tax and finance, or simply by things we need to get off our chests. You’ll find explainers, intelligent commentary and forthright opinion pieces, on everything from the Budget to the business expenses. It’s all designed to put you in the know so you can make smart decisions, or to get you thinking. And if there’s something you’re curious about that’s not covered here, drop us a line and we’ll see what we can do.
Connect – the HMRC supercomputer keeping tabs on taxpayers
HMRC’s supercomputer Connect spots tax anomalies for Businesses and Individuals alike. Find out more about how it works to close the tax gap.
Three mistakes to avoid picking the wrong accountant.
Why do businesses switch accountant? We talk about three common mistakes made in picking your accountant and how to avoid them.
Questions on Wednesday – 3rd February 2021
In our second Questions on Wednesday, we look towards the last two months of the tax year and some things to consider to keep your taxes low.
Don’t let the VAT cliff-edge stop your business growing
Too many people with great ideas and drive let themselves get held back by fear of crossing the VAT threshold. We’ve set out the pros and cons in plain English to help you make plans to grow in 2021.
Questions on Wednesday – 27th January 2021
In our first questions on Wednesday, we talk about how to pay your self assessment, what is a “K” code and how to change your company name.
HMRC to waive late filing penalties until the 28th of February
Taxpayers today, six days from the deadline, were given a month grace by HMRC with no late filing penalties to be issued until the 28th of February.
Limited Company or Sole Trader – which is better?
If you are starting out as a business, you need to decide whether being a limited company or a sole trader is best for you. The answer is it very much depends on your business and your circumstances, not just the tax.
Don’t be a soft touch – you need to get paid, too
2020 has been a tough year for everyone but at a certain point, you have to make sure you look after your business and your family. Here’s how you can get paid quicker.
10 things you need to know about the construction VAT reverse charge
From 1 March, businesses who work within the construction industry scheme (CIS) and are VAT registered will have to apply the VAT reverse charge. Here are 10 things you need to know about it to be prepared.
Profit First – a book review
Profit First by Mike Michalowicz asks you to simply flip the equation revenue less expenses equals profit on its head and put profit before expenses, with a promise of dramatic improvements to your business and even personal finances. What does that mean? Well, here are my thoughts and whether it’s worth picking up a copy.
Do I need an accountant?
Do you need an accountant? In this first of our Business Basics series, we look at why an accountant could be a very valuable appointment.
Adaptable businesses succeed in 2020
As we leave 2020, it’s time to think about what lessons it taught us The big one for me is that building adaptability into your business model pays in uncertain times.
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