The Consultative Committee of Accountancy Bodies (CCAB) has released the 2024 edition of its Statement of Recommended Practice Accounting (SORP) for Limited Liability Partnerships (LLPs).… Read More »New accounting practices outlined for LLPs
HM Revenue & Customs (HMRC) has warned that a new wave of fraudulent text messages is targeting taxpayers using iPhones, claiming that recipients are owed… Read More »Using an iPhone? Keep an eye out for tax refund scammers
As of 1st May 2024, Companies House has implemented revised fees, marking a significant change in the cost structure for various services. This adjustment stems… Read More »The increase to Companies House fees: What you need to know
HM Revenue & Customs (HMRC) has recently announced new Advisory Fuel Rates (AFRs) that will take effect from 1 June 2024. These changes include a… Read More »New advisory fuel rates for electric company cars
We often find that clients begin to show signs of stress when the Self-Assessment tax return deadline approaches. This is just one of the reasons… Read More »Three great reasons to file your tax return early
Artificial intelligence (AI) is undoubtedly a major trend in accountancy and tax, with many firms, business clients and Government agencies recognising its benefits and adopting it.
Read More »AI in tax investigations – What does it mean for you?
Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to make and how to plan for them.
Read More »Managing staff costs: Statutory payments and compliance
From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords.
If you’re a business owner of a limited company, it’s important that you know how to make the most of your after-tax profit to support your personal financial health – known as profit extraction.Read More »Are you optimising profit extraction from your business?
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses. Read More »Director’s loans – A missed tax planning opportunity?
