Category: Finance
How to Reduce Corporation Tax: Practical Steps for Businesses
Navigating the financial landscape of corporation tax can often feel like an intricate chess game, where understanding the rules and implementing strategic moves can significantly benefit your business's bottom line. Learning how to reduce corporation tax is not just beneficial; it's essential. The importance of this endeavor lies not onl...
Read more
HMRC e-Invoicing
In the Autumn Budget Statement, Chancellor Rachel Reeves announced an exciting development that could have a huge impact on the way businesses handle invoicing. As part of a broader package of reforms, HMRC will be launching a consultation on the implementation of mandatory electronic invoicing (e-Invoicing) across UK businesses and gover...
Read more
Autumn Budget 2024
This week new Chancellor Rachel Reeves announced both her first Budget & also the first of the new Labour government. On that note, it feels like almost every time we write about the Budget Statement in recent times we have to make reference to a new Chancellor. With the Labour Party only recently elected, hopefully this time we may g...
Read more
Understanding Marriage Tax Allowance: A Complete Guide
Are you curious about the tax benefits of marriage? The marriage tax allowance is a valuable opportunity that many couples overlook. This helpful provision allows married couples and civil partners to transfer a portion of their Personal Allowance to their spouse, potentially saving hundreds of pounds each year on their tax returns. Un...
Read more
HMRC Christmas Party Exemption: What Your Company Needs to Know
It may only be September, but supermarkets already have mince pies on sale. As far as we’re concerned, that means it’s ok to mention the “C” word. On that note, a common question we get asked about the holiday season is around HMRC rules on the Christmas party exemption and how it affects your company's festive celebrations. Un...
Read more
10 Reasons to use a part-time Finance Director
There’s been a lot of talk recently about the benefits of utilising part-time Finance Directors. But what do they do? And how can they help you? In this blog we cover the main benefits of using a part-time Finance Director, how to find one and what to look for. Let’s get started… Reasons to use a part-time Finance Director ...
Read more
A Labour Promise
As far as General Elections go, the indications as to which party would succeed was fairly obvious from the off. The polls predicted a Labour win early on, and very little changed throughout. And so, after 14 years in charge, the Conservatives are out and now it’s over to Keir Starmer and Labour to get the Country back on track. S...
Read more
Becoming Your Own Boss
The allure of trading predictable office hours for the freedom to call the shots is irresistible to many; the path to becoming your own boss is as challenging as it is rewarding. Imagine the empowerment of flexible schedules, the autonomy over earnings, and the independence in decision-making—all attainable hallmarks when you take the r...
Read more
Understanding the Dynamics: Creditor vs Debtor
In the world of business and finance, the concept of creditor and debtor is fundamental to understanding how financial transactions occur. Whether personally or in terms of your business, chances are you have encountered these terms in your financial dealings. This blog aims to provide a comprehensive understanding of the dynamics between...
Read more
Understanding Your Director’s Loan Account
Understanding and managing your director's loan account effectively is essential if you're navigating the financials of a limited company. It's a crucial ledger that records all transactions between you and your business, ensuring clarity in the flow of funds. This blog aims to guide you through the process, from the basics of director...
Read more
