News
Retain key staff with salary sacrifice schemes
17 March 2022
While the national job vacancy boom is good news for job seekers, it could be a nightmare for businesses keen on retaining high-quality staff. While a pay rise is always welcome it may not always be the most tax or National Insurance efficient approach when compared with other benefits, including salary sacrifice...
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Cash flow statements – How to avoid errors that damage your business
17 March 2022
A cash flow statement provides data about all cash inflows a company receives from its operations and investments. It tells you how much cash is entering and leaving your business in any given period. Along with balance sheets and income statements, it is vital for managing your small business accounting and making...
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How to make the most of cloud-based accounting software
17 March 2022
The cloud is king in the world of accounting, with a vast range of software and applications available, designed to be easy to use by businesses and their owners. The beauty of cloud accounting is that the software can be accessed anywhere that has an internet connection on a range of devices.
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Avoid the pitfalls of the SEISS scheme
17 March 2022
Thousands of taxpayers benefited from the Self-Employment Income Support Scheme (SEISS) as the pandemic raged over the last two years, before its closure last year. The scheme, which involved five grant payments, was set up by the Government to provide support for the self-employed, for example sole traders...
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Company tax returns must include COVID-19 grants says HMRC
17 March 2022
Taxpayers are being reminded that COVID-19 support grants or payments should be declared on company tax returns as they are taxable. HM Revenue & Customs (HMRC) has issued a reminder that the filing deadline for company tax returns (CT600) is 12 months after the end of the accounting period it covers.
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HMRC focuses on backlog of work by shuttering telephone services
17 March 2022
HM Revenue & Customs (HMRC) has announced that it is having to prioritise its essential services by temporarily closing some of its telephone hotlines, following a surge in enquiries during and since the pandemic.
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Brexit: UK exports to single market fall amid “unstable” trading environment
11 March 2022
UK exports to the European Union have fallen by almost £20 billion since leaving the single market in 2021, a major study has revealed. The figures, published by the Office for National Statistics (ONS), come after research revealed that half of traders are “not confident” in exporting internationally...
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International trade: UK moves into second and final phase of accession to join CPTPP
03 March 2022
The UK has moved into the second and final phase of accession to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), it has been announced. Membership will give British businesses unlimited access to a global market worth £8.4 trillion each year.
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Brexit: new competition rules to replace retained EU laws
25 February 2022
The Government is set to repeal EU laws that discourage “efficiencies, investment, and innovation” and replace them with regulations that work for British businesses, it has been announced. If you own a business, here’s what you need to know.
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UK Single Trade Window to save traders time and money in wake of Brexit
18 February 2022
The Government is planning to build a central hub to “encompass everything traders do” to support businesses in the wake of Brexit. Known as the Single Trade Window, the digital service will allow international traders to input all of their import and export data in one place.
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Case Studies
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Cut above the rest in personal management style
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Child's play with proactive accounts management
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Smiles all round for dental practice
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Sometimes a business does exactly as it says on the tin
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Taxing demands with old school charm
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Customer care is top of the list for packaging business
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A taste for growth, a thirst for knowledge
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A modern approach required for music moguls
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A shared passion for architecture and a head for numbers