What the Autumn Budget means for Business and First Time Buyers
The autumn budget was announced today (22 November) with a number of announcements that will affect businesses and first time home buyers. Here are a few key points:
What qualifications do I need to become an accountant?
Accountancy can be a great career choice with many benefits. An accountant’s main role is to prepare a business’ accounts, which can then be used to give an overview of their financial status.
Accounting tips for Small Businesses
Bookkeeping and accounting can be an overwhelming task even for experienced business owners; however there are a couple of straightforward strategies that can keep your finances in working order.
End of paper copy SA302 for mortgage applications
For those applying for mortgages, remember as from the 4th September 2017 HMRC will not be issuing a paper copy of SA302.
How to choose the right accountant
Choosing the right accountant is a very important decision to make for a small business. If chosen correctly you could save time and it will help your business grow.
Update on Quarterly Tax Returns
The government have now scrapped plans to introduce quarterly tax returns, which has potentially saved people who are self-employed hundreds of pounds a year.
PAYE: Dynamic coding
As of 2nd July 2017 HMRC launched the new system of dynamic coding. This means that under the new system potential underpayments are replaced with in year adjustments (IYAs) Tax codes are adjusted in-year to reflect changes in an employee’s circumstances as soon as HMRC becomes aware of the change.
How taxes change after marriage
Married couples were once viewed as a single taxable unit by the government resulting in you being taxed less after getting married. However this is not the case anymore, now you are mostly taxed individually meaning very few tax benefits.
How to keep your overheads low when starting a business
When starting a new business it’s important to keep costs low in order to run a profitable business.
Everything you need to know about Tax Credits
Tax credits are payed by the state straight in to bank accounts via the tax office. If you are 16 or over and live in the UK you can apply.
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