craigwilliams

When running a business, keeping on top of things like tax submissions and regulatory changes isn’t just smart; it’s crucial.  So, since it’s the end of the financial year, and we’re accountants, we thought we’d help you out with this.  To help you prepare for the financial year of 2024, here are the key financial […]

In the dynamic landscape of business, keeping skills sharp and knowledge up-to-date is crucial for staying competitive. Fortunately, tax relief on training expenses provided by HM Revenue and Customs (HMRC) can offer a significant incentive for individuals and businesses alike to invest in learning and development. Understanding what expenses qualify for tax relief under HMRC

In the vibrant early days of your business, managing finances in-house feels like a badge of honour. It’s intimate, direct, and appears to cut costs. Plus, you feel in control as you see the money going in and out of your bank accounts. Yet, as your business scales, this once straightforward task morphs into an

Companies House have updated all their fees from 1 May 2024. Details of the new tariffs can be found here https://changestoukcompanylaw.campaign.gov.uk/changes-to-companies-house-fees/ Most notably the annual confirmation statement fee will increase from £13 to £34. An annual cost for all companies.

Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC after the end of the tax year on the employee’s P11D. However, this is only possible if the employer is registered to payroll the benefits. This must be done before the start of

Diving into self-employment and starting your own business is by no means an easy feat. With that being said, however, it does come with many benefits!  If, like many aspiring business owners, you are motivated by being your own boss but are being held back by the “where do I start?” fears, this mini-guide is

As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the profits extracted so far in the tax year and to consider whether it is beneficial to take further profits before the end of the tax year.  There are various ways

As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth making further contributions before 6 April 2024. Remember, any annual allowances brought forward from 2020/21 will be lost if not used by this date. The amount of tax-relieved contributions that

The days are getting longer…your end-of-year taxes have been filed (we hope). Now, all that is left to do is to dust off the cobwebs on your finances, so you can spring forward with confidence.  While we may be using the spring cleaning metaphor as a bit of fun, the message here is the same:

From 1 April 2025, the rates of Theatre Tax Relief (TTR), Orchestra Tax Relief (OTR) and Museums and Galleries Exhibition Tax Relief (MGETR) will be permanently set at 40% (for non-touring productions) and 45% (for touring productions and all orchestra productions). The government will remove the sunset clause for MGETR so that it becomes a