Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
30 March 2021
The balancing act of cashWe all need cash; to pay monthly bills; to provide for known future expenses; as a buffer in case of emergency; and simply to sleep at night. However, we also want to check that excess cash balances are not retained for the long term because in general, cash will lose value as the years slip by.
24 March 2021
Make sure you’re prepared for the payroll year endWith the payroll year end fast approaching, employers in the UK have a number of areas to consider ahead of April 2021 to ensure they are up to date and in line with current - and changing - legislation.
16 March 2021
Budget 2021: Corporation Tax changesOne of the biggest announcements in the Budget on 3 March 2021 was the news that the main rate of Corporation Tax will increase to 25% from 1 April 2023. Alongside this announcement was the introduction of a small profits rate of 19% to “provide protection to the smallest businesses”.
11 March 2021
Budget 2021: Personal financesOn 3 March, Chancellor Rishi Sunak, delivered his “Budget for recovery”. Without doubt this was one of the most anticipated budgets in memory, with much speculation on how he plans to deal with the huge black hole of debt accumulated during the pandemic. Jennifer Duncan, Financial Planner, takes you through what you need to know about how this may impact your personal finances.
08 March 2021
MTD for VAT digital links deadline – is your business prepared?From 1 April 2019, Making Tax Digital (MTD) compliance became mandatory for most VAT registered businesses for VAT return reporting. HMRC implemented a soft-landing period for the first two years to 1 April 2021, meaning that some elements of the MTD legislation were relaxed – in particular, digital links. The time has come to make sure that your business is prepared and ready for the next phase.
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