Articles

ALL THE INFORMATION YOU NEED TO GET STARTED

Information is always key and having the right information is what we are all about. You’ll find below a selection of the latest business and tax information that you should be aware of as well as helpful advice to get you started. Please contact us if you have any questions.

succession planning
Business

A Guide to Business Succession Planning

Family-owned and run businesses are present worldwide – from electrical and plumbing specialists to accountancy firms and automotive dealers. They are an essential component of the UK marketplace, and long may they prosper. Unfortunately, many of these businesses face problems related to business continuation, which makes us think about business succession planning. The truth is

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improve credit control processes
Accounting

How to Improve Your Credit Control Process?

Effective credit control is one of the essential parts of running a successful business. Your company’s cash flow can be seriously impacted without getting payments on time, and the resulting problems can quickly get out of hand. Many businesses fail to realise that avoiding late payments and bad debts starts as soon as an order

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Outsourcing payroll
Business

What Are Payroll Services and How Can They Help Your Business?

Managing payroll is a time-consuming and complicated task for any human resource manager or representative. It demands efficient work habits, meticulous record-keeping, extreme attention to detail, and comprehensive tax knowledge. Yet, in recent years, outsourcing the task to payroll service providers has proved to be one of the best corporate decisions organisations have ever made.

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Companies House Filing
Accounting

A Complete Guide to Companies House Filing

Companies House is a government body within the Department for Business, Skills, and Innovation. It deals with the incorporation and regulation of limited companies and limited liability partnerships in the United Kingdom. Being the official registrar of companies in the UK, they operate in England and Wales, Scotland, and Northern Ireland. The primary duties of

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Sole trader taxes
Business

Understanding the Tax Implications for a Sole Proprietor

A sole proprietorship is the most basic business structure in the corporate world. For individual-owned businesses, it’s also the default business structure. For instance, if you set up a side gig to independently offer outsourced IT services, you’re considered a sole proprietor. As a result, you won’t be required to pay a filing fee, submit

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tax-efficient
Accounting

Tax Efficiency; How to Make Your Business Tax Efficient

Regardless of its size, every business should strive to become as tax efficient as possible. Identifying ways to minimise your business tax legally can enhance your cash flow, increase your margins, and fortify your overall business model. Make sure you have a firm grip on the taxes you have to pay so that you don’t

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VAT, Value added tax
Accounting

VAT Registration; Understanding VAT for Your Business

VAT is one of the most critical areas of business tax you need to get right. It can be a massive challenge in terms of accounting, but it can also even impact your profit margins and your competitiveness. Thus, managing VAT is a vital component of running any successful business – it’s not only about

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Accounting

Fee Protection for HMRC Inquiries

CLOSING THE GAP £35 billion is the estimated tax gap between what HMRC should collect and what it does collect. Small businesses and individuals account for over half of this tax gap, around £17.9 billion. To help ensure tax compliance and close this gap, HMRC undertake Tax and VAT Investigations. WHY? a) to reduce the

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uk spouse visa
Client

UK Spouse VISA references from Accountants

Are you applying for a Spouse Visa? This guide will show you the requirements to obtaining a visa in order to be allowed to live in the UK and show what ISA Consortium can do to make the process run more smoothly and successfully. What is a Spouse Visa? If you are married to a

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CIS

NEW VAT RULES FOR CONSTRUCTION UK

Last updated : 25th Jan 2021. From 1 March 2021 the domestic VAT reverse charge is being introduced and must be used for most supplies of building and construction services. The charge applies to standard and reduced-rate VAT services: for individuals or businesses who are registered for VAT in the UK reported within the Construction

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Client

EAT OUT TO HELP OUT – IS IT HELPING?

Last updated : 14th Aug 2020. Over 83,000 restaurants have now signed up for the government’s Eat Out to Help Out scheme, designed to protect jobs and boost sales in the hard-hit hospitality sector. In the first week alone, over 10.5 million meals were discounted, with the average claim at £5, however, just how much

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