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Accounts Department

A Voice for Small Businesses in the Tax System

April 24th 2023The annual 'Tell ABAB' survey is now available to complete. The survey which is commissioned by an independent body, the Administrative Burdens Advisory Board, provides crucial insight on the bigRead more

Payroll Year End

March 27th 2023The payroll year ends on 5th April. If you are an employer running payroll you need to report to HMRC on the previous tax year and give your employees a P60. You must send your final Full PaymentRead more

P9 Coding Notices to Employers for 2023 to 2024

February 20th 2023HMRC are in the process of issuing P9 coding notices for the tax year starting 6 April 2023. Email notifications to employers began on 6 February and will continue until 5 March2023. The noticeRead more

'Tis the Season

December 5th 2022Christmas is coming and if you are planning to give your employees some Christmas cheer there are a few things to remember to ensure they do not incur additional tax or National InsuranceRead more

Unapproved Debt

October 25th 2022For decades small businesses have been struggling to get hold of the money they are owed and the problem is not getting any better. Some 59% of small business owners experienced big businessRead more

Making Tax Digital for Income Tax

July 26th 2022With the majority of small businesses now registered for MTD for VAT, it is now time to start preparing for the introduction of MTD for Income Tax. In light of the Covid pandemic the planned startRead more

Xero Bank Feeds

June 27th 2022Xero have just announced exciting changes to the 90 day reauthentication rule for bank feeds. Bank feeds automatically import transactions from your bank or financial institution directly into your XRead more

Platinum Jubilee

May 30th 2022As the nation prepares for a 4 day celebration of the Platinum Jubilee of Queen Elizabeth II, we would like to add our congratulations on this momentous occasion. The Queen has ruled for longerRead more

Xero Hour

May 3rd 2022The clock is ticking for Making Tax Digital but for many small businesses owners the prospect of changing their existing accounting system to to an MTD compatible one is a daunting one. HoweverRead more

Making Tax Digital

April 4th 2022Since April 2019, VAT registered businesses with a taxable turnover above the VAT threshold (currently £85,000) have needed to keep VAT records digitally and send returns using Making Tax DigitalRead more

Closure of the Statutory Sick Pay Rebate Scheme

February 28th 2022HMRC have announced that the Statutory Sick Pay Rebate Scheme will close on 17‌‌‌ ‌March‌‌‌ ‌2022. You have until 24‌‌‌ ‌March‌‌‌ ‌2022 to submit any new claims forRead more

Health and Social Care Levy

January 31st 2022An increase in National Insurance contributions is set to come into effect from April this year. Under the plans, employers, employees and the self employed will all pay 1.25p more in the pound. FromRead more