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Financial Insights and Expert Advice
Join us as we explore the intricacies of accounting, taxation, financial planning, and more. Let’s embark on this journey together
What is the DWP Christmas Bonus?
The DWP provides a one-off £10 Christmas Bonus each December to qualifying ...
Early Christmas PAYE Reporting
During the Christmas period, many businesses close for several days or even weeks, ...
Temporary Christmas Staff
Businesses hire temporary Christmas staff, or "Christmas Temps," during the holiday ...
E-Bikes for Businesses
E-bikes are bicycles equipped with an integrated electric motor and battery. This motor ...
Advisory Fuel Rates for Company Cars
HMRC sets the Advisory Fuel Rates (AFRs) to guide employers in reimbursing ...
A tax charge may arise if an employee is able to use a company car or van for private use. Talk to us today
Self Assessment Penalties
Filing your Self Assessment tax return on time can help you avoid penalties from HMRC. ...
QuickBooks Self-Employed App Removal
Starting January 2025, the QuickBooks Self-Employed app will no longer be ...
Going Paperless with the HMRC App
If you find yourself puzzled by the absence of your usual Self Assessment ...
Self Assessment for Contractors
If you work as a self-employed contractor, you will likely need to submit a Self ...
Self Assessment for Directors
Contrary to popular belief, directors do not automatically need to register for ...
VAT Penalty System
Under the new rules, if you submit your VAT return late, you may incur penalties. This change ...
What is the VAT Threshold?
The VAT Threshold is the point at which your business must register for Value Added ...
What is Value Added Tax (VAT)?
Value Added Tax (VAT) is a consumption tax that applies to most goods and services ...
Business Asset Disposal Relief
Business Asset Disposal Relief is a tax scheme which helps business owners keep ...
The Autumn Budget 2024
The 2024 Autumn Budget brings changes across wages, business taxes and public spending. ...
What is Deferred Income?
A business generates deferred income, sometimes called "unearned income", when it ...
Abolition of the FHL Tax Regime
During the Spring Budget 2024, the Chancellor announced the abolition of the ...
What is a Trial Balance?
A Trial Balance summarises all the debit and credit balances in a company’s accounting ...
What is Bank Reconciliation?
Bank Reconciliation is the process of comparing the transactions recorded in your ...
What is a Company Year End?
Your Company Year End depends on your business and typically aligns with the date you ...
What is a Financial Year End?
A financial year end, also known as a business year end or fiscal year end, marks ...
What is a Tax Year End?
The UK Tax Year runs from 6th April until the 5th April of the following year. HMRC uses ...
What is Solvency?
Solvency refers to a business' ability to meet its long-term financial obligations. Simply, it ...