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The Government has confirmed that “companies will not be required to have an audit for the financial years commencing on or after 1 January 2016 if at their balance sheet...

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...your circumstances. A company can save you money if you intend to retain profits in the company. You are able to treat the company as a tax-efficient “piggy-bank”, taking money...

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...may be a good strategy. Consider an example: It costs Max £10,000 to put his property into a company Max’s net savings of using the company during his working life...

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  1. Take on more of the routine work yourself. Use a simple online bookkeeping system like Xero to keep everything in order. Get your accountant to set this...

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...The mechanics are that the allowance will be obtained via standard payroll software and HMRC’s RTI system. A facility will be added to the RTI Employer Payment Summary referring to...

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Is dealing with paperwork the best bit of running your own business? Probably not. And whilst it’s difficult to eliminate it completely our cloud accountancy service can save you a...

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...records. It’s not your money Any money the company has is not your money. You can’t just dip into the company account when you’re short of dough – even if...

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Now that the brand new tax year is under way, it is a good time to consider whether you need to complete and file a self-assessment tax return with HMRC...

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We’re supporting the ICAEW’s new Business Advice Service to be launched this Autumn. The service will be dedicated to providing an initial consultation at no charge for SME’s from qualified...

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...as we can. New guidance We have also published new guides on GOV‌.UK on: Customs procedures Moving goods to and from the UK VAT IT systems rules and processes The...