Budget Day 2020 – A Bitesize Review

Budget Day 2020 – A Bitesize Review

On Wednesday 11th March Chancellor Rishi Sunak announced his first budget outlining his government’s planned spending & investment for the 2020-2021 fiscal year. As expected, there are many measures stated to bolster the economy & to try and ease the...
7 Tips for a Healthy Cash Flow

7 Tips for a Healthy Cash Flow

When first starting a business, there’s always one little phrase, one golden nugget of advice that will be constantly drilled into you by pretty much everyone you meet – “cash is king”. While every business owner most likely becomes sick to the back teeth of...
Why Sole Traders Should Embrace Cloud Accounting

Why Sole Traders Should Embrace Cloud Accounting

Cloud Accounting: Work Smarter Not Harder When working as a sole trader you aim to reduce the time you spend in the office bookkeeping so you can get on with doing your trade. You may have heard buzz words like ‘The Cloud’, ‘Cloud Accounting’, ‘Automation’, ‘Xero’;...
Company Christmas Parties – Tax Implications

Company Christmas Parties – Tax Implications

The Christmas season is almost upon us, the tree is going up and the girls in the office are buying their little black dresses. It’s the time of the year where you thank your employees for all their hard work & show them how valued they are to the company. When...
Personal Tax Planning – How to get it Right

Personal Tax Planning – How to get it Right

What Is Self Assessment And Do I Need To Do It? Self-Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. Individuals who are self-employed must report it in an income...