News & Updates
The latest news from the world of accounting.
18th October 2021
Director Guarantees Explained

If you’re a business owner or plan on starting a business, then you should know about director guarantees.  Many people prefer to set up a limited company rather than being a sole trader of partnership because of unlimited liability.  When you’re a sole trader or a partnership, you will be responsible for the payment of […]

14th October 2021
Guide To Corporation Tax For Small Businesses

If you’re the owner of a business or limited company, then your yearly profits will be affected by corporation tax.  Failing to register for corporation tax or giving incorrect information to HMRC can be detrimental to your business and result in hefty fines, which is why it’s so important that you understand the ins and […]

11th October 2021
What Are R&D Tax Credits and Are You Eligible

Your business could be benefiting from R&D Tax Credits - but are you eligible? And what exactly are R&D tax credits?  Keep reading to learn more about the government R&D tax credit scheme, including who is eligible and how much you could claim. What Are R&D Tax Credits? The R&D in R&D Tax Credits stands […]

6th October 2021
October Newsletter 2021

To October's Tax Tips & News, our newsletter is designed to bring you tax tips and news to keep you one step ahead of the taxman. If you need further assistance just let us know or you can send us a question for our Question and Answer Section. We are committed to ensuring none of our […]

23rd September 2021
Ultimate List Of Tax Deductions for UK Companies

Your business could be paying much more tax than it needs to.  If you’re not claiming legitimate tax deductions, then your tax bill will be a lot higher than it should be.  However, it’s important that you only claim legitimate tax deductions, and that you retain your records for six years. Failing to do so […]

22nd September 2021
Pros And Cons Of Direct Debit For Small Businesses

Many small businesses rely on a consistent cash flow to stay afloat - and missed payments or unreliable payment methods can be the downfall of any small business owner.  Direct debit can be a useful way to collect funds from clients and customers - it’s quick and easy, and might be the perfect option if […]

20th September 2021
Do I Need To Register Onto The Construction Industry Scheme?

Do you know if your business needs to register with CIS (the construction industry scheme)? There’s been plenty of confusion about who exactly needs to register for CIS, and how you register. The construction industry scheme is a government scheme that means you may have to deduct certain tax payments - and failing to do so […]

14th September 2021
VAT Inspections: What Does HMRC Look For

Thousands of businesses receive letters every year about upcoming VAT inspections - and whether you’ve received a letter or not, it’s important to know exactly what a VAT inspection is, and what the VATman is looking for.  With VAT inspections, preparation is key. Being prepared for an inspection can prevent you from being worried or […]

10th September 2021
September Newsletter 2021

Welcome…To September's Tax Tips & News, our newsletter is designed to bring you tax tips and news to keep you one step ahead of the taxman. If you need further assistance just let us know or you can send us a question for our Question and Answer Section. We are committed to ensuring none of […]

31st August 2021
Are SEISS Grants Taxable

A SEISS grant is a temporary measure that was implemented back in May 2020 due to the coronavirus. It was put in place to help self-employed people who had experienced a loss of earnings due to the pandemic and the lockdown.  When Rishi Sunak presented the 2021 budget in March, he announced that SEISS (self-employment […]

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