While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate planning.Read More »Planning for Inheritance Tax challenges as penalties surge in 2022/23 tax year
A Government scheme could help parents save up to £2,000 on their childcare costs through tax reliefs aimed at working parents. Read More »How to save £2,000 in taxes on your childcare costs
Mixing personal and business finances is a common mistake that many entrepreneurs, freelancers, and small business owners make.
Read More »Best practices for business and personal finances
As a small business owner, you’ve likely heard the terms “cash flow” and “profits” used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business.Read More »Cash flow vs profits: a guide for small business owners
Forecasting is the act of looking at past and present financial data to predict future costs, expenses, and profits. Small businesses do this to tailor their business model more effectively.Read More »Three things to consider when forecasting your finances as a small business owner
HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.
Read More »Navigating estate planning and Inheritance Tax: what you need to know
As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it offers a lot more.Read More »Self-Assessment benefits for small businesses
In today’s digital age, the way businesses manage their finances has seen a seismic shift, largely due to the introduction and growing popularity of cloud accounting.
Read More »The role of cloud accounting in modern businesses
Directors might opt to either lend money to or borrow from their own company. This type of transaction is called a director’s loans, and they are recorded in the Director’s Loan Account.
Read More »Understanding Director’s Loan Account (DLA) and the risks involved
For business owners, understanding depreciation is not just about accounting practices but also about handling their taxes efficiently. Read More »What tax implications can come with depreciation?
