5 Reasons Your Small Business Needs Bookkeeping Services

Running a business is far from easy – there are many things to do, many things to look after. If you are running one on your own, it gets even more complicated since you have to deal with [...]

Pros and Cons of Limited Company vs Sole Trader

You’ve made a thrilling, life changing decision to set up your own business. Along with excitement and anticipation of an amazing journey ahead come, understandably, worrisome questions: How do I [...]

10 ways to save on taxes: Tips for small business owners

  Low Salary and High Dividends. This is the most common method of reducing your personal income tax liability and corporation tax (business) liability. The income tax rate payable on [...]

All you need to know about Construction Industry Scheme (CIS) for Contractors

Overview: Your business must register with HMRC as a contractor if you are: paying subcontractors to do construction work for you, or – not in a construction business but still usually [...]

EC Sales List: General overview

What is an EC Sales List? An EC Sales List includes information on all sales and transfers of goods or services to any VAT registered companies in the United Kingdom which supply goods or [...]

R&D Tax Relief for Small and medium-sized enterprises

Overview         Research and Development (R&D) relief is for companies that work on innovative projects within science and technology. It can be claimed by a range of companies that seek to [...]

Confirmation Statement: Everything You Need to Know

What is a confirmation statement? A confirmation statement is the new term for the more commonly known annual return. What is the purpose of a confirmation statement? It is a yearly requirement [...]

Benefits of cash forecasting services

Taking accounting from compliance to value creation is a key part of our company vision. In 2019 our firm began to provide value-adding services, such as cash-flow forecasting, budgeting, and [...]

VAT thresholds: the latest update

Who is affected by the legislation? Businesses whose turnover, or total EU acquisitions, are close to the existing VAT registration threshold of £85,000. Background: In 2017, The Office for Tax [...]

Personal Allowance: 5 things you need to know

Here are five basic facts about personal allowance that any UK taxpayer should know. 1. What is a personal allowance? Most people in the UK, be they business owners, employees, or self-employed, [...]

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