Getting ready for your financial audit
6 Jun 2024
Facing your first financial audit can be intimidating, yet it is an essential task for many businesses.
Are you ready for changes to LLP salaried member rules?
5 Jun 2024
HM Revenue & Customs (HMRC) has issued its updated guidance on salaried members in limited liability partnerships (LLPs), in relation to capital contributions. Currently, LLPs incorporate elements of both partnerships and limited companies, limiting the liabilities of each partner to
New accounting practices outlined for LLPs
5 Jun 2024
The Consultative Committee of Accountancy Bodies (CCAB) has released the 2024 edition of its Statement of Recommended Practice Accounting (SORP) for Limited Liability Partnerships (LLPs). CCAB is appointed by the Financial Reporting Council (FRC) to oversee the SORP for LLPs,
Managing staff costs: Statutory payments and compliance
4 Jun 2024
Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to make and how to plan for them.
What should you avoid when transitioning to Making Tax Digital for Income Tax Self-Assessment?
30 May 2024
From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords.
Director’s loans – A missed tax planning opportunity?
28 May 2024
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses.
Ten top tips for boosting your budget
24 May 2024
Effectively managing your budget is crucial for business success, especially in challenging economic times.
Streamlining your payroll set-up with employment and tax records
21 May 2024
When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the right checks and set them up in your payroll system!
Starting a seasonal business? Here is what you need to know
16 May 2024
Are you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own set of unique challenges and opportunities.
Furnished residential lets vs Furnished Holiday Lets – The tax situation
14 May 2024
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.
