Now that the new tax year is upon us, many may be thinking of their taxes. You must send a tax return if, in the last tax year (6 April to 5 April), you were self-employed as a ‘sole trader’ and earned more than £1,000 (before taking off anything you can claim tax relief on), or a […]

With the changing tax landscape, and as the government attempts to claw back the costs of the pandemic, it is important to plan ahead to make sure you are utilising all your available tax reliefs, exemptions or allowances and ensure that they are used effectively. Here are some key steps to consider when it comes […]

In this year’s Spring Statement, the Chancellor faced immense pressure to act on living standards amid escalating energy costs, rising household bills and increased taxes. It provided an opportunity for the Chancellor to address these issues. The Chancellor focused on three key areas: People, Capital and Ideas, and delivered the biggest net cut to personal […]

There has recently been an increase in cyber-crime in UK businesses. A company in Hertfordshire lost £1.4 million in just two weeks after the hackers changed all their account details on their statements and invoices minutes after hacking into their systems. This is why two-factor authentication is vital. Xero has two-factor authentication that is easy […]

Key changes that are likely to impact you as a business: Rises in National Insurance (employees & employers) Increases in National Minimum & National Living Wages Changes in Right to Work Checks   National Insurance Increases Despite recent political pressure to scrap these increases in response to rising living costs, the National Insurance (NI) percentages […]

Whether you’re running an SME, employing hundreds of employees or a start-up, having a good relationship with your accountant is essential. Your accountant should be providing you with clear and easy to understand accounting information & advising you on ways in which you can save money across all areas of your business. Here’s some signs […]