It’s one of the most common questions we hear from business owners: “We’re turning over around £1 million. Are our profits where they should be?” The honest answer is that there isn’t a single correct figure. Two businesses with the same turnover can generate very different levels of profit depending on their industry, pricing, efficiency, […]
Salary: £30,000 – £35,000 (depending on experience, qualifications, and ability to manage client portfolios independently) Job Type: Full-time, Permanent About the Us We are a small, established firm of Chartered Accountants based in Leeds, providing a high-quality, personalised service to a broad portfolio of owner-managed businesses and individuals. As a non-audit registered firm, our focus […]
The government has announced a change in the approach to the introduction of mandatory payrolling of benefits in kind (BIK), offering employers a more gradual transition to what is set to be a significant change in payroll reporting. A Phased Introduction Under the updated plans, mandatory payrolling will no longer be introduced in one step, […]
With HMRC increasing its focus on VAT compliance, businesses should expect a higher likelihood of enquiries in the coming years. Driven by efforts to reduce the tax gap, alongside increased recruitment of VAT officers and the growing use of data and technology, HMRC is becoming more proactive in reviewing VAT returns. Preparing in advance is […]
The UK Government has hit pause on controversial plans that would have forced small companies to publicly file their Profit and Loss accounts, a move that’s brought relief to thousands of small business owners across the country. If you run a small, limited company, here’s what this means for you and why you should still be paying attention. What […]
Office Administration Assistant Location: North Leeds, Horsforth Hours: Part-time, 25 hours per week, 5 Days Mon-Fri Salary: £25,000 pro-rated Start: ASAP Job description Whitesides Chartered Accountants, a small friendly accountancy practice based in Horsforth, we are seeking someone on a permanent basis to join our team to support the admin team with the day to […]
As we head towards the end of January, any business with a December VAT quarter will need to prepare and submit their VAT return by 7th February. With the festive period behind us and business ramping up again, now is the time to get your VAT affairs in order. Key Dates to Remember Quarter end: […]
Every year, P60 and P11D forms arrive with little explanation, yet these documents contain vital information about your earnings, tax position, and employment benefits. Understanding them properly can help you avoid overpaying tax and manage your finances more effectively. What Is a P60 and Why Does It Matter? Your P60 is an end-of-year certificate summarizing […]
The festive period is over, and January brings a fresh start. Before you get swept up in the new year, take an hour or two to sort out your financial records from the Christmas rush. Your future self (and your accountant) will thank you. Why Tackle This Now? Receipts fade, details get forgotten, and paperwork […]
The 31st January deadline looms large in every tax payer’s calendar. It’s the final date for submitting your self-assessment tax return for the previous tax year and paying any tax owed. But life happens, circumstances change, and sometimes deadlines slip past! If you’re reading this with a sense of dread because you’ve missed the deadline […]
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