News

Earlier today, the Chancellor of the Exchequer, Rishi Sunak, laid out the latest package of economic measures intended to continue to support businesses and protect jobs where possible, as the UK faces stricter restrictions in the face of rising coronavirus cases. ...

Over the past few months, an unprecedented number of people within the UK have taken to working from home as businesses around the country close their offices in order to help stop the spread of Coronavirus.  Many pundits believe that home working, or a home & office...

On Wednesday 8th July, the Chancellor Rishi Sunak delivered a summer statement in which he outlined his policies to help kick start the UK economy in the midst of the emerging economic situation, as the worst recession in UK history looms overhead. The Chancellor’s...

What is a Company Car? A company car is a vehicle provided by the business for both business and private use of an employee who usually is required to travel extensively for their role, for example, a regional sales manager. Company cars have pros and cons from the...

As I'm sure you're well aware, Inheritance Tax is a tax levied on an individual's estate - their property, money, and possessions - after their death.  In recent years, this tax has been more and more frequently labelled a 'tax on the dead' and has been a cause of...

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 ‘damage’ caused...

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 hearing,...

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’;...

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...

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...