A common question we hear from new business owners in Wetherby is, “Do we need to register for VAT?” In todays quick guide we aim to provide some simple tax advice and information to help you answer this very important question. Do I need to register? As of April 2018, you are not required to […]
Making Tax Digital (MTD) is HMRC’s attempt to fully take UK tax into the digital world. In effect, all our individual and company tax liability will be nudged electronically to our personal tax account (PTA) with HMRC. Originally scheduled for a date already long gone, HMRC now aims to have all unincorporated businesses with turnover […]
7 reasons why you need an accountant Hiring an accountant to look after your business finances is a smart move. Whether you’re just starting out, or if you’re up and running but looking to expand, here are 7 reasons why you need an accountant to help your growing business. You could save money Think hiring […]
Our Board View service is 21 years old. Our most successful clients take our Board View service. Either monthly or quarterly we meet with our Board View clients to review the current performance of the business. At the centre of the meeting sits the latest financial position, including the management accounts, cash flow, plans for […]
Selling a business can be complicated and it is easy to make some mistakes that can result in losing a lot of money. This simple checklist will set out the 7 mistakes to avoid when selling your business. Not being fully prepared This is a common mistake with many small business owners. Selling is not […]
Are you ready to submit your accounts every 3 months to HMRC? Are you ready for Making Tax Digital? Making Tax Digital (MTD) is a fundamental shift in the UK tax administration and the changes that will affect both taxpayers and accountants should not be underestimated. So what is Making Tax Digital? HMRC is […]
Top 7 reasons to switch accountants Switching accountants is a big decision. You’ve been with them for years, they know your business well and you feel a sense of loyalty even if that is sometimes tested due to poor service. ‘36% of clients are dissatisfied and already shopping for another accounting firm. Businesses simply cannot […]
Winters Coming and there is plenty of evidence around us to suggest we may be in for a tough 2017. Many of our clients are already showing signs that the falling value of the pound is having an adverse effect on their results. With politicians and judges disagreeing on the process required to trigger Article 50 these effects are likely to get worse before they get better.