Category Archives: Business advice

Reminder of year end payroll chores

15th March 2021 Posted by -

It is not long until the current 2020-21 tax year comes to an end and there are a number of year end payroll chores that must be completed. This

Read More

Spring Budget 2021 & Corporation Tax

4th March 2021 Posted by -

The Chancellor confirmed that the Corporation Tax main rate will remain at 19% from 1 April 2021 for the next 2 years. The main rate had been expected

Read More

Spring Budget 2021 – Income Tax Rates & Allowances

8th March 2021 Posted by -

It has been confirmed as part of the Budget announcements that the 2021-22 personal allowance will increase to £12,570 (2020-21: £12,500) and the

Read More

Capital or debt?

16th March 2021 Posted by -

What is the difference between capital and debt, and why is the distinction important? One important distinction is that capital represents the

Read More

Tax Diary March/April 2021

1st March 2021 Posted by -

1 March 2021 - Due date for Corporation Tax due for the year ended 31 May 2020. 2 March 2021 - Self-assessment tax for 2019/20 paid after this date

Read More

What is overtrading?

2nd March 2021 Posted by -

A reminder that traders who buy and sell goods - wholesalers or retailers - need to be wary of the financial consequences if, as expected, pent up

Read More

Financial outcomes for your business

17th February 2021 Posted by -

There are three possible financial outcomes for your business, each with their own challenges: Make a profit Breakeven, or Make a loss Making a

Read More

How much do your customers owe you?

17th February 2021 Posted by -

Many business owners are buoyed by turnover; if it’s sold it’s as good as money in the bank, but is it? What are your credit terms? How many days do

Read More