Common Bookkeeping Mistakes and How Outsourcing Helps
One small bookkeeping error can snowball into a major problem for SMEs. From late VAT payments and payroll errors to unreconciled accounts and outdated systems, …
Benefits of Outsourcing Bookkeeping for SMEs
At a mid-sized tech SME in London with £4 million turnover, the finance manager was overwhelmed. Month-end often brought payroll errors, late VAT submissions, and …
Best Outsourced Bookkeeping Services UK for Startups
You’re building a startup in the UK, and it’s exciting. Every day brings new challenges, but also new opportunities for growth. You’re on a tight …
SDLT on dilapidated properties
The rate of SDLT payable on the purchase of a property depends on whether it is a residential property or not, and if so, whether …
Securing tax relief for the costs of evicting tenants
Having tenants who refuse to leave despite being given a valid Section 21 or Section 8 notice is a nightmare for a landlord and places …
Tax treatment of rental deposits
When renting out a property, it is usual to take a deposit from the tenant to cover the cost of any damage to the property …
Lending from one company to another – Can interest be charged?
With relatively low interest rates on cash deposits, some companies are looking to invest their spare cash elsewhere, especially if investing in the company’s own …
Company paying for fuel – A useful benefit?
Having the company pay for all your fuel might seem like a major perk. However, whether it is truly a valuable benefit depends on a …
Would growth shares benefit your company?
Today’s business world is increasingly competitive. In order to survive and grow, a business needs to retain talented personnel. While benefits such as medical insurance …
Registering for Self Assessment
If you are new to Self Assessment and need to submit a tax return for 2024/25, you will need to register for Self Assessment. This …
Spotting signs of umbrella company fraud
An umbrella company is a business that may be used by a recruitment agency to pay temporary workers. However, many umbrella companies are not tax …
Time to Pay for Simple Assessment
A Simple Assessment is used for taxpayers with very straightforward tax affairs. A taxpayer may receive a Simple Assessment letter from HMRC if they owe …
