Accounting Insights

HMRC has announced that late filing penalties will be waived for taxpayers that file their 2020-21 Self-Assessment returns by 28 February 2022. The due date of 31 January...

Did you know that some businesses or self-employed people may be eligible to receive support with when and how they pay their tax through HMRC’s Time To Pay...

Completing a self-assessment return can be for a number of reasons such as you are self-employed, a company director, have an annual income over £100,000 or have an...

We prepare many year-end accounts for our clients and there are a number of administration and financial tasks that need to be done before we can help. It’s...

If you are a sole trader, you run your own business and you are known as self-employed by HMRC. As a sole trader, you are responsible for any...

The Prime Minister recently announced a 1.25% increase to National Insurance from April 2022. Here we explain what this change in rates means for small businesses and the...

Managing invoicing in a small business is very important and should see this this as part of essential operations. Managing invoicing is a serious operation as it ensures...

Keeping records for your tax returns is so important for both small businesses and the self-employed. If you keep your records for your tax returns in an organised...

Bookkeeping for farmers, agriculture and rural businesses is a very specialist area and requires expertise and knowledge of the industry. Samantha has over 20 years management accounts experience...

If you are a small business owner then you probably think that hiring a payroll expert will be too expensive. You feel that you can handle this job...

Are you a small business, wondering if you need bookkeeping services? Many small business owners pride themselves on doing everything themselves. This is resourceful and can minimise costs...

When small businesses grow, they often have to operate PAYE as part of their payroll and certain tasks need to be carried out each tax month. We thought...