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Top Ten bookkeeping mistakes (and how to avoid them)

Here are our Top 10 Bookkeeping mistakes and how to avoid them This seems obvious, but there are people still leave everything to the last minute and let the bookkeeping build up.  We know you didn’t go into business…

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UPDATE: The changes are being delayed – HMRC to close and reduce customer helplines

From the 8th April HMRC will be changing the operating hours of its customer support helplines – in some cases closing them entirely – in an attempt to push customers to use online services more. Self assessment –…

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The Top Ten Things to consider when choosing your new accountant

Whenever potential new clients approach us, it is often because they are not happy with their existing accountant, or because they are a new business and don’t know how to choose one that will suit them and their…

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What mileage can you claim through your business?

We often get asked the question what business mileage our clients can claim back, and what tax they will have to pay on it if they do. Below we break down the differences between business mileage and private…

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HMRC is targeting undeclared dividends

HMRC is looking into undeclared dividends to ensure that income tax is not being missed out on. They have written to the directors of companies where despite profits being made, the balance of distributable profits has fallen, suggesting…

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Companies House filing fees to increase

From 1 May 2024, Companies House will be increasing various filing fees for the handling and processing of forms and paperwork required by companies to stay compliant. The costs are said to reflect the actual costs of processing…

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People in early 20s more likely to be out of work due to ill health than early 40s

In a massive reversal of trends of the past, people in their early 20s are more likely to be out of work than those in their early 40s due to ill health according to the Resolution Foundation. A…

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Have you adjusted your prices for inflation?

Much has been made over the past year about rising levels on inflation and the impact that has had on the cost of living for both families and businesses. The Bank of England has a target rate of…

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What is inflation?  How does it work?  Is it good or bad for business?

Inflation has reached record highs recently and has been often mentioned in the news.  We are often asked about exactly what it is and the affect it has, so here is our brief guide to the essentials you…

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HMRC to receive more information from online selling platforms

It has been announced that HMRC will be receiving more information from online selling platforms such as eBay, Vinted and AirBnB to ensure that people are paying the correct amount of tax. HMRC has always been allowed to…

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