Making Tax Digital: VAT Returns

For those unaware, Making Tax Digital (MTD) is the largest piece of tax legislation that has been written in years and it has far-reaching consequences for UK businesses. Its premise is that accounting/bookkeeping should be done in a more “real-time” … Continue reading

Proposed changes to the National Living Wage

Minimum wage legislation can often have unintended consequences. For example, with the minimum wage being lower the younger you are, employers can sometimes take this as encouragement to discriminate against older applicants in favour of taking on younger candidates. On … Continue reading

Claim Child Benefit for a Full State Pension

If you or your partner are earning more than £60,000 a year it can seem that claiming Child Benefit is an effort in futility. Things could not be further from the truth, and this misconception could result in stay-at-home parents … Continue reading

How to Choose an Accountant

Few decisions in business are more important than choosing the right accountant. A good accountant has the ability to save you money and time, and help your business grow, but a bad one could cost you money that would be … Continue reading

IFRS 16 Leases – Changes in accounting for leases

From accounting periods starting January 2019 onwards, International Financial Reporting Standards (IFRS) 16 will force companies to list leasing commitments on their balance sheets, income statement and cash flow statements. In the current system, leases are classified as either operating … Continue reading

General Data Protection Regulation – A basic summary for small businesses

The new General Data Protection Regulation (GDPR) will come about on the 25th May 2018 – and with it a whole new series of regulations governing the storage and management of personal data. The GDPR will replace the 1998 Data … Continue reading

When and Why to Hire an Accountant

So you’re self-employed, or a small business owner, and wondering whether it is worth paying an accountant’s fees for the first time. Or maybe you already have an accountant, but you are concerned that your money would be better spent … Continue reading

A bit of advice on long-term fixed rate mortgages

Are you a first-time buyer? Maybe you are looking to upsize your house in the near-future? Or are you considering a re-mortgage? Regardless of which applies to you, now is a great time to think about all of the market … Continue reading