Blog
January 2022 – Post-Brexit Customs Controls now in Operation
Following the end of the Brexit transition period, new customs controls are now in place for businesses moving goods to or from the UK. The new controls took effect on 1 January 2022 and HMRC wrote to traders at the end of last year to remind them of the new rules...
Tax-Free Childcare – Am I eligible as a company director?
If you have a family and associated childcare costs, could you be missing out on thousands of pounds in tax relief each year? Childcare is not generally an allowable business expense, but if you draw a salary as an employee of your own company (including directors),...
Statutory Sick Pay Rebate scheme (SSPRS)
SEPT 2022 UPDATE: The SSPRS closed for coronavirus related absences after 17 March 2022. Employers had up to 24 March 2022 to submit any final claims. In response to the Omicron COVID-19 variant and the difficulties faced by businesses as a result of increased...
Bookkeeping Tips for Small Businesses
Accurate bookkeeping is the foundation of business accounting. Without it, how can you track your cashflow, stay on top of your taxes or understand what finance you need to sustain and grow your business. Consider the impact that poor bookkeeping might have in the...
Should you transfer Buy-To-Let properties to a Limited company?
This isn’t an easy question to answer because it is so dependent on your circumstances. But there are scenarios when it might make sense, and this is what we have explored below. The Benefits of using a Limited Company
Payment Diversion Fraud – Look Out!
Over the last couple of years, cases of payment diversion fraud have been on the rise. In part due to the pandemic and increased remote working, organisations and individuals have become more susceptible to this type of fraud. So, what do you need to know about...
What are Statutory Accounts?
Who do Statutory Accounts apply to? Before we look at the ins and outs of Statutory Accounts, let’s first clarify which business types they apply to. Statutory Accounts will apply to your business if it is a limited company. Therefore, if you are operating as a sole...
Choosing the right Cloud Accounting Software for your Business
Since HMRC introduced Making Tax Digital (MTD) in 2019, it has become increasingly important that businesses consider cloud accounting, or accounting software, as it is also commonly known. The arrival of MTD for VAT in April 2022 now means that VAT registered...
Autumn Budget 2021 Key Points
Chancellor Rishi Sunak used the Autumn Budget 2021 to invest taxpayer money in long-term plans he says will secure the economic future of the country. Everything from the NHS, schools, local transport and the culture and leisure sector appear set to benefit from the...
Why you should get a Business Valuation
Whether you are thinking of selling your business or not, it is still worth having a free business valuation now. And if you are considering selling up within the next three to five years, it is likely to be beneficial to carry out some forward planning before you exit the business. Exit planning is the process of getting
2022 National Insurance Tax Increase
OCT 2022 UPDATE: Please note that in October, the Government subsequently announced that the NIC increases outlined below would be reversed from 6 November 2022 and the associated Health and Social Care Levy, due to be introduced in 2023 will be scrapped. Dividend...
The time could be right for a Family Investment Company
The popularity of Family Investment Companies (FICs) has been increasing over recent years, and for good reason as they can provide an effective tool for retaining family wealth and passing on assets to future generations. The relevance of FICs is perhaps even more...
What we’ll do for you
Find out more about how we help businesses in South West London and beyond and start building the right package of support to nurture your business.
