This was the final Budget of this parliament and so whilst many of the measures will no doubt be implemented in full, there are always question-marks over promises which may never come to fruition if the current administration do not manage to get sufficient votes in May.
Nevertheless, please see our own summary of the key measures likely to affect you or your small business by clicking here : Issue 34 Budget 2015
As we draw close to 5th April, it’s worth just highlighting a few sensible tax planning measures that you might be able to take to either reduce, or delay, your personal tax burden. Nothing here is rocket science, nor does it come within the (politically charged) definition of tax evasion / avoidance, but it may just be worth you considering these points, then acting immediately on them (for many of the points the second half of March is already too late to effect any changes) Continue reading
With the tax return filing deadline fast approaching at the end of this month, I thought it would be a good time to explain the whole system of payments on account, which invariably “fox” our clients and which we spend significant time explaining each year. Continue reading
A couple of months ago we highlighted the recent changes in Xero, and now it’s the turn of QuickBooks Online. As the online software providers are constantly developing and enhancing their products, it’s sometimes tricky to keep up. So here’s a run-down of what the QuickBooks Online chaps and chappesses have been up to lately!
For a full round-up of the key measures in yesterday’s Autumn Statement, please click on the link below!
Issue 31 Autumn Statement
“Turnover is vanity, profit is sanity, cash is reality”.
You’ve all probably heard a variation of this phrase, but I find that many business owners have a notion of what profit is, but very few actually understand in depth what their business’ profit is and how it is derived…. This is where a management accountant can help.
As experts in Xero, we’re always keeping an eye on the development work that our friends at Xero HQ are performing, and putting in requests on our clients’ behalf for enhancements they’d like to see in the software. So we thought it would be a good idea to pull together the new features that have appeared within Xero over the last 12 months that are likely to be of the most use to our clients… Continue reading
Despite the recession being technically over, it’s still a tough time for many businesses out there. So what would you do if one of your major customers went under, owing you a substantial amount? And what steps can you take, right now, to ensure that you do not become a casualty of another business’ collapse? Continue reading
A few weeks ago we alerted you to the fact that penalties for late filing of RTI submissions were due to start for the smallest employers from 6th October 2014… well, no sooner had the ink dried on my proverbial keyboard, then HMRC did an about-face. Yet another extension until the penalty regime starts – this time 6th March 2015!
Freeman Accounting Services Limited has been approved as a registered Growth Voucher adviser as part of the government’s Growth Voucher scheme, launched earlier in 2014. This means that we are authorised, as part of the scheme, to provide strategic advice in the areas of Finance and Cashflow to businesses wishing to grow and up to 50% of the cost of that advice may be funded by the government’s voucher scheme.