News

01 Jul What does the UK general election mean for my business?

Posted at 11:56h in News by Sarah Accountancy Office

General Elections can bring uncertainty due to whoever wins making their own polices which affect us all. We’re going to focus on the key points of the leading parties' manifestos ahead of the next general election on 4th July and how they may affect small businesses. Conservatives abolishing “the main...

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22 Dec Did you know we have expanded our service offering?

Posted at 15:52h in News by Sarah Accountancy Office

We are very excited with our new diversified service offering. This is a fantastic step towards providing our clients with comprehensive and tailored support throughout their business lifecycle and personal financial journey. We have added Independent Financial Advice to our existing suite of services. [caption id="attachment_563" align="alignnone"...

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17 Oct How can I raise cash to grow my business?

Posted at 16:19h in Cash Flow, Limited Companies, News by Sarah Accountancy Office

This is often one of the biggest hurdles that growing businesses face, raising cash. You’ve increased your sales to maximum capacity, you’ve got a team and processes in place but you can’t plan for further growth without further financial investment. [caption id="attachment_640" align="alignnone" width="300"] Raise cash[/caption] It’s...

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22 Sep Associated Companies for Corporation Tax 2023

Posted at 11:54h in Limited Companies, News, Tax by Sarah Accountancy Office

Associated Companies for Corporation Tax – New Rules from April 2023  The rules around corporation tax changed on 1 April 2023. The amount of corporation tax that a company will pay will depend on the level of its profits, and also whether or not it has...

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23 Aug Do I need an Accountant if I’m using Xero?

Posted at 12:25h in News, Tax by Sarah Accountancy Office

As much as we love Xero, yes you do! Don’t be fooled – it’s great software but it doesn’t replace professional advice! You may expect us to say that because we’re accountants but here’s a few reasons why we strongly advise that every business owner still...

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19 Jul Summer Holidays Tips for Working parents

Posted at 15:24h in News, Tax by Sarah Accountancy Office

This week marks the start of the school summer holidays for most in the UK. 🤯 It often brings about mixed feelings - a chance to spend extra quality time with the family whilst also raising huge challenges in terms of managing work and childcare. Flexibility is...

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08 Sep What happens if I am late registering for VAT?

Posted at 12:50h in News by Sarah Accountancy Office

When should I register for VAT? A business must register for VAT once its turnover reaches the VAT registration threshold, currently £85,000 at the time of writing. It's important to understand that you will need to register for VAT when your taxable turnover exceeds £85,000 in any...

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12 Jul Directors’ Salaries 2022

Posted at 19:58h in News by Sarah Accountancy Office

How much is the Optimal Director's Salary in 2022/23 The optimal salary for company directors is unusually a little different this year and has been adjusted because of the changes announced by Rishi Sunak in the Spring Statement on 23rd March, just after we'd prepared our...

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17 May Can I still claim tax relief for working from home?

Posted at 08:46h in News by Sarah Accountancy Office

Working from home tax relief rules are to be tightened for 2022-2023 Tax relief is available from 6 April 2022 onwards only if the employer specifically requires the employee to work from a home office. During the Covid-19 pandemic, the rules were eased and people working from home have...

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09 May Can I separate my businesses to avoid registering for VAT?

Posted at 15:13h in News by Sarah Accountancy Office

The short answer is possibly, but we don’t recommend that you risk it unless there are valid commercial reasons. When a business reaches a turnover level of £85,000 or more, in any 12 month period, it needs to register for VAT. Some business owners when operating two...

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