Accounting Insights

In the 2022 Spring Statement, a significant increase in the National Insurance Threshold from £9,880 to £12,570 was announced. This increase saw the alignment of the Primary Threshold...

What is credit control and the importance of getting paid on time. Credit control is an important part of all businesses in order to avoid cash flow problems...

If you are a sole trader or property landlord change is on the way. Making Tax Digital (MTD) will become mandatory for not only VAT-registered businesses but sole...

The Bank of England will be withdrawing legal tender status of £20 and £50 paper bank notes after 30th September 2022. After this date, £20 and £50 paper...

If you are a sole trader or partner in a business partnership, then you must keep self-employed business records. These business records will include your business income and...

New grant opportunities have been announced by the Government. The new grants will help farmers boost their businesses and add extra value to their produce. The ‘Adding Value’...

As a new business, there are a number of rules you must follow when you start to employ staff. When to register for PAYE is a question we...

There are many reasons to encourage the use of electric cars such as lower running costs, environmental advantages and reduced noise pollution. There are also tax benefits. The benefit-in-kind...

When you issue an invoice to your customer, you must ensure that you charge the correct rate of VAT. Whilst most businesses in the UK charge VAT at...

The general rule applies that there is no tax relief for the ordinary commute to work. The term ‘ordinary commuting’ is defined as the travel between a permanent...

There were a record number of fraudsters targeting taxpayers with scam emails, texts and calls in the run up to the deadline for submission of self-assessment returns for...

In the UK, there are regulatory filing requirements for company accounts. The Companies Act 2006 (CA 2006) requires that a company files its accounts and reports with the...