Looking to start a new business? You aren’t alone
The majority of adults will have flirted with the idea of starting a business and becoming the next Branson or Musk. That idea would have been firmly buried for many during the pandemic, but new figures show that nearly 13
Getting to grips with the new National Insurance and Dividend Tax Rates
National Insurance and Dividend Tax rates have increased by 1.25 percentage points as of 6 April, as part of the new Health and Social Care levy. These changes have brought additional complications to the payments of National Insurance Contributions (NICs)
How can you finance a new business?
Financing a new venture is a challenge, even harder in the current climate of high inflation, global uncertainty and the backdrop of war in Europe. Difficult, but not impossible. With planning, careful research and the right advice, you should be
Keeping a lid on business expenses
It is always a challenge to keep costs down for businesses, particularly at a time of soaring inflation and steep rises in the cost of utility bills. An expense report is designed to report on any business-related expenses an employee incurs,
Don’t ignore the warning signs that you or a customer’s business is in trouble
You have worked long and hard to get your business up and running and have put your heart and soul into making it successful. The thought of losing it can be incredibly stressful, both for you and any employees who
Spring Statement 2022
HMRC focuses on backlog of work by shuttering telephone services
HM Revenue & Customs (HMRC) has announced that it is having to prioritise its essential services by temporarily closing some of its telephone hotlines, following a surge in enquiries during and since the pandemic. It has said that it is
Company tax returns must include COVID-19 grants says HMRC
Taxpayers are being reminded that COVID-19 support grants or payments should be declared on company tax returns as they are taxable. HM Revenue & Customs (HMRC) has issued a reminder that the filing deadline for company tax returns (CT600) is
Avoid the pitfalls of the SEISS scheme
Thousands of taxpayers benefited from the Self-Employment Income Support Scheme (SEISS) as the pandemic raged over the last two years, before its closure last year. The scheme, which involved five grant payments, was set up by the Government to provide
How to make the most of cloud-based accounting software
The cloud is king in the world of accounting, with a vast range of software and applications available, designed to be easy to use by businesses and their owners. The beauty of cloud accounting is that the software can be
