Voluntary National Insurance contributions for pension entitlement

Latest News

Making voluntary National Insurance contributions for pensions

Voluntary National Insurance contributions for pension entitlement

2023, Latest News /

You must check your National Insurance (NI) records to identify any payment history shortfalls if you plan to claim the UK state pension.  NI contributions, or lack thereof, can affect a person’s entitlement to the state pension in later life. A temporary window allowing people to voluntarily top up their NI contributions as far back […]

Voluntary National Insurance contributions for pension entitlement Read More »

You must check your National Insurance (NI) records to identify any payment history shortfalls if you plan to claim the UK state pension.  NI contributions, or lack thereof, can affect a person’s entitlement to the state pension in later life. A temporary window allowing people to voluntarily top up their NI contributions as far back

De-stress and Prepare for payroll year-end

Prepare for payroll year-end to avoid stress

2023, Latest News /

With the payroll year-end fast approaching on 5 April, clashing with the tax year-end, many businesses find this time of year particularly stressful.  The deadline for submitting details to HM Revenue & Customs (HMRC) is 31 May. You must be aware of the critical dates when you prepare the payroll year-end, including: 5 April –

Prepare for payroll year-end to avoid stress Read More »

With the payroll year-end fast approaching on 5 April, clashing with the tax year-end, many businesses find this time of year particularly stressful.  The deadline for submitting details to HM Revenue & Customs (HMRC) is 31 May. You must be aware of the critical dates when you prepare the payroll year-end, including: 5 April –

Spring Budget 2023

Spring Budget 2023

2023, Business News, Latest News /

Just a few days short of the third anniversary of the first Covid lockdown, Chancellor Jeremy Hunt rose to the Despatch Box to deliver the first full Budget to have taken place in 504 days and the first unaffected by the immediate impact of the pandemic since October 2018.

Spring Budget 2023 Read More »

Just a few days short of the third anniversary of the first Covid lockdown, Chancellor Jeremy Hunt rose to the Despatch Box to deliver the first full Budget to have taken place in 504 days and the first unaffected by the immediate impact of the pandemic since October 2018.

Why reviewing your back-office accounting can be profitable

Review your back-office accounting for efficiency and profitability

2023, Blog, Latest News /

Do you have a lengthy manual process for invoices or expenses approval? Are you sending out paper purchase orders? Do you have a streamlined process for paying suppliers? Are your sales orders and other admin duties carried out on spreadsheets? You are not alone. For many business owners, regular reviews of back-office accounting functions aren’t

Review your back-office accounting for efficiency and profitability Read More »

Do you have a lengthy manual process for invoices or expenses approval? Are you sending out paper purchase orders? Do you have a streamlined process for paying suppliers? Are your sales orders and other admin duties carried out on spreadsheets? You are not alone. For many business owners, regular reviews of back-office accounting functions aren’t

redundancy pitfalls

How can employers avoid the redundancy pitfalls?

2023, Bal Dhesi, Employees, HR, Latest News /

The COVID-19 pandemic and the cost of living crisis have created a challenging time for businesses, and as various industries evaluate their cash-flow situation, many employers are still making difficult decisions concerning their staff. Unfortunately, for some businesses, redundancy may be the only option. Even the most diligent employer can get caught out by redundancy

How can employers avoid the redundancy pitfalls? Read More »

The COVID-19 pandemic and the cost of living crisis have created a challenging time for businesses, and as various industries evaluate their cash-flow situation, many employers are still making difficult decisions concerning their staff. Unfortunately, for some businesses, redundancy may be the only option. Even the most diligent employer can get caught out by redundancy

colourful self-assessment reminder

Self-Assessment taxpayers warned of next payment deadline

2023, Blog, Business, Latest News /

This a reminder for Taxpayers that a penalty deadline for unpaid Self-Assessment tax is imminent. HM Revenue & Customs (HMRC) will automatically add a penalty to your tax bill equal to five per cent of the Self-Assessment tax you owe for 2021/22 if unpaid after midnight on 2 March 2023. So urgent action is needed. The

Self-Assessment taxpayers warned of next payment deadline Read More »

This a reminder for Taxpayers that a penalty deadline for unpaid Self-Assessment tax is imminent. HM Revenue & Customs (HMRC) will automatically add a penalty to your tax bill equal to five per cent of the Self-Assessment tax you owe for 2021/22 if unpaid after midnight on 2 March 2023. So urgent action is needed. The

forensic accounting for you and your clients

How can forensic accounting help you and your clients?

2023, Bee Lean Chew, Forensic accountancy, Forensic accounting, Latest News /

A forensic accountant is a valuable connection to have in your arsenal. However, why is it essential for you to have access to forensic accounting? You want a trusted professional who delves deep into the inner-financial workings of a business and gathers impartial unbiased evidence. A forensic accountant can help to uncover the truth and

How can forensic accounting help you and your clients? Read More »

A forensic accountant is a valuable connection to have in your arsenal. However, why is it essential for you to have access to forensic accounting? You want a trusted professional who delves deep into the inner-financial workings of a business and gathers impartial unbiased evidence. A forensic accountant can help to uncover the truth and

VAT mistakes 2023

Avoid these costly VAT mistakes

2023, Latest News /

Small business owners must avoid costly mistakes when calculating, reporting and paying Value Added Tax (VAT). The best way to prevent errors and stay on the right side of HM Revenue & Customs (HMRC) is to have an expert take care of your VAT affairs. A qualified accountant or bookkeeper can ensure that all calculations

Avoid these costly VAT mistakes Read More »

Small business owners must avoid costly mistakes when calculating, reporting and paying Value Added Tax (VAT). The best way to prevent errors and stay on the right side of HM Revenue & Customs (HMRC) is to have an expert take care of your VAT affairs. A qualified accountant or bookkeeper can ensure that all calculations

Preapre a business plan for 2023

What you should include in a business plan

2023, Latest News /

Why do I need a business plan? Your business plan delivers the goals to work towards, helps you identify potential pitfalls, gives insight into your competitors and highlights possible opportunities. A great business plan should include a concept, strategy, executive summary, market analysis, competitor analysis, the company’s financials and a clear action plan. What is

What you should include in a business plan Read More »

Why do I need a business plan? Your business plan delivers the goals to work towards, helps you identify potential pitfalls, gives insight into your competitors and highlights possible opportunities. A great business plan should include a concept, strategy, executive summary, market analysis, competitor analysis, the company’s financials and a clear action plan. What is

MTD for ITSA. Why you need cloud accounting software?

MTD for ITSA is delayed. Why you still need cloud accounting?

2023, Latest News /

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) comes into effect from April 2026 for businesses, self-employed individuals, and landlords with gross business or property income over £50,000. MTD for ITSA will follow in April 2027 for those with similar incomes over £30,000.  The question? How soon should your business use cloud-based compatible software

MTD for ITSA is delayed. Why you still need cloud accounting? Read More »

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) comes into effect from April 2026 for businesses, self-employed individuals, and landlords with gross business or property income over £50,000. MTD for ITSA will follow in April 2027 for those with similar incomes over £30,000.  The question? How soon should your business use cloud-based compatible software