willing to get more involved with the business
than most other accountants”
Looking for a new
Hiring your accountant can be one of the most significant business decisions you will make. If you chose the wrong one you can miss out on thing’s you should know and that can be very costly to both to yourself and your business.
Starting a new
Many people who start up in business do so because they have a great idea and the commitment to see it through. However knowledge of the relevant legal, economic and financial aspects may be what is holding them back from pursuing their ideas.
Outsourcing your accounting function is a great solution for small businesses to free up their time and get back to the core reasons for starting out on your own.
There are many benefits to outsourcing the accounting functions of your business:
Cash basis extended and limits raised
23rd February 2017 | Ed Humphrey
Cash basis extended and limits raised Accounts ending in 2017/18 for the self-employed and partnerships can be prepared on a cash basis if the turnover is no more than £150,000. For the first time this will also apply to rental income businesses. HMRC has recently announced changes to the cash basis for accounting taxable profits. What are they and can you take advant …
23rd January 2017 | Ed Humphrey
Tax-Free Childcare has arrived (almost) In 2013 the government announced a new tax break for working parents to help them pay for childcare. It will, at last, be available soon. But what is it worth and how can you take advantage of it? Childcare tax break. It’s so long since the government announced the introduction of “Tax-Free Childcare” that you’ve probably forg …
Simplified accounting to reduce your tax bill
16th January 2017 | Ed Humphrey
If your business meets the conditions, you can use simplified accounting for tax purposes. It might even lower your tax bill. Is this something you should consider? Simplification The idea of a simpler system for businesses to work out taxable profit sprang from an Office of Tax Simplification’s (OTS) report. The Chancellor clearly liked the idea as not only did he ru …