The Business Impact of the Autumn Statement
What was the business impact of the Chancellor’s Autumn Statement? We’ve highlighted the key measures your business should be working into its 2023 planning.
#autumnstatement #tax #businessadvice
What are self-assessment ‘payments on account’?
Do you know what ‘payments on account’ are? If you earn income outside of your usual day job, you really need to know about payments on account and how the income tax system works.
#tax #paymentsonaccount #selfassessment
Business tips: Selling up and moving on – what happens next?
You’ve sold your business and have the money burning a hole in your pocket. What happens next?
We’ve got some great options for your post-exit life to consider.
#entrepreneur #retirement
Christmas Gifts For Your Customers and Team
It’s time to start thinking about Christmas gifts – how should you reward your team and thank your top customers?
We’ve got some ideas and can help you run the numbers for your Christmas budget.
Limited Company Accounts – What is a Director Loan Account?
The Director Loan Account is the ledger that records money owed to each Director by the Limited Company or from each Director by the Limited Company. Money introduced – Any funds introduced to the Business as working Capital should be recorded to your Director Loan Account (DLA). This will be held on the balance sheet…
How to Move Accountant to Ascentant Accountancy
Have you decided to move Accountant and join us? Once you have decided to move, the onboarding process will begin as outlined in our onboarding guide.. Once the Engagement Letter has been signed and you have completed the required new client forms and AML checks, we will have formally onboarded you. We would expect that…
Starting a Limited Company – FAQ
When Starting your business, there are many questions. One of the first is the best type of business to form. We will assume you have chosen a Limited Company if you are reading this blog… So where do you start? Here are some of the common queries or questions that we encounter with Startups. Should…
My Limited Company – What filings are due? And when?
As Accountants, we keep a track of what is due and when for you – This does not mean that you don’t need to however… You need to be aware of when your filings are due and what tax is payable when. This is especially important to be able to put cash reserves to one…
What expenses can my Limited Company claim?
It is important to claim Tax Deductible expenses where possible and allowable. What tax deductible expenses can I claim through my Limited Company? Generally if a cost relates to the Business – It may be tax deductible. Any items relating to personal use or mixed use may be blocked or only partially allowable. These include…
How does Payroll work?
If you employ staff or need to pay yourself as a Director, you will likely need to set up a PAYE (Pay As You Earn) Payroll scheme. This is needed to report your Real Time Information (RTI) Payroll information, Employer Payment Summary (EPS) and Full Payment Submission to HMRC to declare any tax or NI…