Whether you’re looking at your own limited company set of accounts, those of a competitor, or just being nosey about someone else’s, analysing company accounts is a really useful skill. One of the prices to pay for having limited liability being that accounts have to be published at Companies House and these are readily available. The amount of information that can be deduced from them varies depending on how the accounts are prepared. In this blog post we take a look at the different account filings for small companies and how to analyse these.
With the Christmas season very nearly upon us, Kent business owners are looking to finalise their Christmas do’s and let staff know the plans. Whilst the tax rules might be far from the thinking when booking events, they can bite if they are not understood. In this blog post we take a look at the tax rules on staff entertaining and how to make sure you can enjoy the celebrations without suffering a tax problem alongside the hangover.
The much anticipated Autumn Budget 2024 has now been delivered, and whilst big chunks of it were released early (to no doubt gauge the level of any backlash), we did still have a few surprises in there. In this blog post we take a look at the changes.
HMRC have recently launched a new tool called the VAT Registration Estimator that enables businesses to see the approximate result on their finances of registering for VAT. If your business is approaching the VAT compulsory registration turnover of £90,000 or considering voluntary registration then this tool might be useful in showing you the potential financial implication – but is it any good? We have taken a look at this new HMRC tool and noted what’s good and not so good about it.
As part of the Economic Crime and Corporate Transparency Act we are seeing some Companies House changes to help with the quality of information available and to make sure adequate checks are in place for those owning or being an officer of a company. With names such as “Jesus Christ” and “Donald Duck” all apparently being listed as company directors the spotlight had been on Companies House to not only stamp out people abusing the corporate veil but to also be in a better, more powerful position to act when inevitably people try. In this blog post we take a look at those Companies House changes that have come into effect now and those that will be coming in over the next couple of years.
In this blog post we take a look at useful business ratios that you can use when analysing your year end or monthly management accounts. The importance of each one will vary business to business but by looking at these on a consistent basis it can give you early warning signs if problems are on the horizon.
With life becoming ever more expensive we are all encouraged to pay into a pension to better secure our financial future. Another benefit is that it can be an extremely efficient tax planning strategy both as an individual or through your company. In this post we take a look at how the land lies with regards to pension contributions and tax relief when you are paying into one.
In the spring 2024 budget the chancellor announced a 4% reduction to the upper rate of capital gains tax if you sold your buy to let property. This tax reduction along with the current higher interest rates is making a lot of landlords consider selling up. In this article we take a look at the tax position and things to think about when selling your buy to let property.
On 6 March the Chancellor delivered his spring budget 2024. Fair to say that despite the government being pleased with how the economy has performed against targets, they are being prudent with regards to any tax cuts. We take a look below at the main points announced.
HMRC have said that they believe 1.1m self-assessment tax returns were not filed by the 31 January 2024 deadline. Some of these may have been due to fears over being able to pay the tax liability, but the guidance would always be to file on time and if required you may be able to request a Self Assessment Time to Pay Arrangement with HMRC. In this blog post we take a look at what a Time to Pay arrangement with HMRC is.