News
Half of firms “not confident” in trading with EU following introduction of full customs controls
24 January 2022
More than half of businesses are not confident in trading with the European Union (EU) following the introduction of full customs controls, a major study has found.
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Give yourself Time to Pay
19 January 2022
Taxpayers who are unable to pay their Self-Assessment (SA) bill can use the option of paying by instalments with a Time to Pay arrangement with HM Revenue & Customs (HMRC). If you cannot pay a Self-Assessment tax bill you can make your own Time to Pay arrangement using your Government Gateway account...
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Cash no longer king as card payments surge in lockdown
19 January 2022
Whether it is down to the spread of the Coronavirus or just a general trend to a more cashless society, card payments have boomed in the last couple of years. While restrictions were in place, hardly anyone accepted cash and it is a trend that looks like it will continue with more and more payments being made through card readers.
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Be prepared for changes to Corporation Tax in 2023
19 January 2022
The 2023-24 tax year may seem a long way off, but it is important that companies are prepared for changes to the system a little more than year down the line. The main rate of Corporation Tax (CT) will rise to 25 per cent for the financial year commencing on 1 April 2023, but it is slightly more complicated...
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Accountants critical to the success of SMEs
19 January 2022
Small and medium-sized enterprises (SMEs) are the lifeblood of the country, accounting for 99.9 per cent of all businesses across the UK. At the start of 2021, there were estimated to be 5.6 million UK private sector businesses.
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How the penalty system for late tax submissions is changing
19 January 2022
Under new rules set by the Government, the system of penalties for VAT and Income Tax Self-Assessment (ITSA) are changing. The new system of fines is aimed at tackling non-compliance by taxpayers who repeatedly fail to meet their obligations to provide returns and other information requested by HMRC.
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Income tax basis periods – What unincorporated businesses need to know
19 January 2022
All unincorporated businesses, including sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April (or 31 March) each year from 2024-25.
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Do you know the new UK commodity codes?
14 January 2022
From 1 January 2022, businesses may need to change the commodity codes they use for goods that they import or export overseas. The changes come after full customs controls were introduced at the beginning of this year.
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What are the new rules for importing goods into Great Britain?
06 January 2022
Full customs controls came into force on 1 January 2022 – one year after the Brexit transition period came to an end. If you import goods from Europe into Great Britain, here’s what you need to know.
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What is the Export Support Service and how can it help my business?
16 December 2021
With less than one month to go until the introduction of full customs controls, businesses are turning to the Export Support Service for crucial advice. But what is the new platform and how could it help your business?
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Case Studies
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A shared passion for architecture and a head for numbers
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Cut above the rest in personal management style
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Smiles all round for dental practice
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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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Sometimes a business does exactly as it says on the tin
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Customer care is top of the list for packaging business
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Child's play with proactive accounts management
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Taxing demands with old school charm