If you are thinking of making a charitable donation this year, there are certain conditions that need to be met in order to to ensure the donations are tax-efficient. You can get tax relief on gifts to UK charities if you give Under Gift Aid Through a Payroll Giving scheme run by your employer, or […]
Then ask us about our comprehensive guide to the financial, tax, and accounting considerations of starting a business, “The New Business Kit”, which we offer free to start ups or those who have recently made the jump into business ownership. The guide helps start-ups think about: Selecting a legal entity; Registering with the tax authorities; […]
Recent Tribunal decisions in favour of employing companies and against HMRC has caused many organisations in similar circumstance to make protective claims for the recovery of National Insurance Contributions (NIC) in respect of car allowances paid to employees using their own cars or vans for business journeys. Many employers have a policy of only reimbursing […]
OCTOBER/ NOVEMBER 2023 Date What’s Due 1 October Corporation tax for year to 31/12/22 unless paid by quarterly instalments 5 October Deadline for notifying HMRC of chargeability for 2022/23 if not within Self-Assessment and receive income or gains on which tax is due. i.e. to register for Self-Assessment. 19 October PAYE & NIC deductions, and […]
The Treasury has announced that the Office of Budget Responsibility (OBR) will produce a report on the state of the UK Economy in time for the Chancellor Jeremy Hunt to present his Autumn Statement on Wednesday 22 November. Last year the Chancellor announced a number of significant changes, reversing many of the proposals in the […]
Although not a new measure, where a company has profits in excess of £1,500,000 a year it is required to estimate and pay corporation tax quarterly during the year, rather than 9 months after the end of its accounting period. What has changed since 1 April 2023 is that the £1,500,000 threshold is divided by […]
In order that we can help predict your taxable profits and tax liabilities we need up to date profit figures and projections. One of the advantages of keeping your business accounts in a computerised form, ideally on the Cloud, is that we can review your latest financial position and help you prepare more reliable profit […]
From 1st October 2023 new fire safety legislation comes into effect. This will mean that many businesses and building owners need to check if and how this affects them to ensure they are complying with the regulations. The main changes are: All businesses will need to record a fire risk assessment and fire safety arrangements in […]
Action Fraud has received over 30 crime reports since June 2023 relating to remote access scams targeting businesses, with victims reporting losses totalling over £3.8 million. Based on analysis of crime reports by the National Fraud Intelligence Bureau, Action Fraud advises that scammers will generally use the following tactic to target businesses: Contact the victim […]
Then ask us for a copy of our guide called “57 Ways to Grow Your Business”! Our publication is packed full of bright Ideas for the Serious Entrepreneur and starts with the four basics of growth. All the ideas in this guide ultimately revolve around four basic insights about growing a business. You can: Increase the […]
