For many businesses and taxpayers, July is one of the busiest months of the year for tax compliance. Together with January, it is one of the two peak months for tax returns and payments, making it important to plan ahead and avoid unnecessary penalties or interest charges. The month begins with the deadline for submitting …
July 2026: One Of The Busiest Months In The Tax Calendar Read More »
Making Tax Digital (MTD) is one of the largest changes to the UK tax system that has happened in decades. Starting April 2026, these major changes will take effect for self-employed Individuals and landlords. Whether you have a small business, earn income through rentals or are simply curious as to what’s changing, this breaks it down and gives you all you need to know! What is making tax digital? Making …
In the Autumn of 2024, the newly appointed Labour government laid out their plans for 2025 in their first budget as government. Here are some key points as we tumble through Q1 and into Q2 2025. VAT for Private Schools Private schools in England will start being subject to VAT from January 2025, and charitable …
Key Financial Changes To Keep In Mind For 2025 | Autumn Budget Read More »
Credit control can be an important pillar of running your business. It’s important to keep an eye on your business’s financial health and ensure everything is running as it should. This is where credit control comes in! Keep reading to find out the benefits of credit control for your business. Improves Cash Flow By managing …
Introduction to Bookkeeping Bookkeeping is an essential part of any business, regardless of its size or industry. It involves the recording and organising of financial transactions, including purchases, sales, receipts, and payments. A bookkeeper’s role is crucial in maintaining accurate financial records that can help a business thrive. But what exactly does a bookkeeper do? …
What Does a Bookkeeper Do? (The Importance of Bookkeeping) Read More »
Late payments continue to be a major challenge for small business owners and freelancers across the UK. In the 12 months leading up to June 2024, nearly half (49%) of all invoices were paid late, an increase from 43% the previous year and even worse than the 46% recorded in 2020. The situation is particularly …
UK SMEs Face Growing Challenges with Late Payments Read More »
The Labour Party has taken office for the first time in 14 years, promising significant changes to employment law. With an ambitious agenda to improve workers’ rights, businesses may need to prepare for a potential shift in the regulatory landscape. This article outlines the key changes that might be on the horizon and what employers …
The Labour Government’s Potential New Employment Laws: What We Could Expect Read More »
After a period of steady increase, inflation in the UK has taken a welcome turn. The cost of living surged notably throughout 2021 and 2022, but recent data from the Office for National Statistics reveals a significant decline, with inflation now resting at 3.2% for the year up to March. This marks the lowest rate …
Millions of families in the UK will soon benefit from higher Child Benefit payments, announced by HMRC for implementation from April 6, 2024. In an effort to boost household finances, the Government has raised the yearly entitlement for families with one child to £1,331 – a rise of £83.20. Families with additional children will receive …
Enhanced Child Benefit payments commencing from April 6 Read More »
