Running a limited company comes with significant responsibilities, and nowhere is this more apparent than when year-end arrives. Between Companies House filings, HMRC returns, and internal documentation requirements, it’s easy for even the most organized director to feel overwhelmed. Missing deadlines can result in automatic penalties, reputational damage, and unwanted scrutiny from regulators. Yet with […]
Charitable giving is one of the most rewarding uses of your money, but did you know it can also be one of the most tax-efficient? Whether you’re an individual donor, a charity receiving donations, or a business looking to give back to your community, understanding the tax reliefs available can transform how much impact your […]
On Wednesday, Rachel Reeves presented her 2025 Autumn Budget to Parliament. She described it as a budget for fair taxes, strong public services and a stable economy. We have highlighted some of the key announcements below. Tax Rates and Thresholds The freeze on income tax and NIC thresholds will be extended for a further 3 […]
As we approach the end of the tax year, there’s still time to make the most of one of the most generous capital allowances available to UK businesses. The Annual Investment Allowance (AIA) offers qualifying businesses the opportunity to claim 100% tax relief on eligible plant and machinery purchases, but the window for 2025/26 claims […]
The festive season represents the most crucial trading period for retail and hospitality businesses across the UK. Whilst Christmas can deliver exceptional revenues, it also presents unique financial challenges that require careful planning and management. From VAT obligations to cash flow pressures, getting your finances right during this peak period can make the difference between […]
As we approach the third quarter of the 2025/26 tax year on 5th April, business owners and high earners have a valuable window to optimise their tax position. Strategic planning in these final weeks can deliver substantial savings, yet many leave thousands of pounds on the table simply through inaction. Whether you’re a limited company […]
We are looking for enthusiastic and dedicated people to join our accountancy firm. We currently have three vacancies for individuals wishing to develop skills in an accountancy firm or looking to build on their initial experience in a supportive and professional environment: Semi-Senior Accountant/Bookkeeper – Semi-Senior Accountant/Bookkeeper – Leeds LS18 5AZ – Indeed.com Junior Accountant/Bookkeeper […]
When you’re preparing your VAT return, it’s tempting to rush through the pile of invoices and receipts. However, HMRC is increasingly vigilant about VAT claims, and holding an invalid invoice could mean your input VAT claim is rejected during an inspection. This could result in additional tax, interest, and potentially penalties. Here’s your essential guide […]
As we approach 2026, business leaders face an increasingly complex economic landscape requiring sophisticated budget planning approaches. With inflation volatility, evolving regulatory requirements, and shifting consumer behaviours continuing to impact business operations, the importance of robust financial planning has never been greater. Successful businesses are those that move beyond traditional budgeting methods to embrace comprehensive […]
The financial struggles of Sheffield Wednesday have recently brought the term “administration” back into the headlines. The Championship club faces a potential winding-up petition from HMRC over unpaid tax bills, highlighting how even historic football institutions can find themselves in severe financial difficulty. But what does it actually mean when a football club enters administration, […]
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