Phone: 01793 852121
Email:
Understanding Business Entertainment and Staff Gifts Allowances As the festive season approaches, many businesses look to celebrate with their employees and clients. However, understanding which Christmas expenses are tax-deductible can be complex. This guide will clarify what can and cannot be claimed, helping businesses navigate HMRC regulations while maximising allowable deductions. Claiming Christmas Party Expenses…Read More
How to Prepare for a Smooth and Stress-Free Financial Year-End As the financial year draws to a close, businesses must ensure their accounts are in order to meet compliance requirements and plan for the year ahead. A structured approach to year-end accounting helps avoid last-minute stress, reduces the risk of errors, and ensures a smooth…Read More
A Proactive Approach to Optimising Business Finances Tax planning is essential for limited companies to ensure compliance while minimising tax liabilities. With evolving tax regulations and financial obligations, business owners must adopt effective strategies to maintain profitability and reduce unnecessary tax burdens. This guide explores key tax planning strategies, allowable deductions, and reliefs that can…Read More
Optimising Your Business Finances for Growth and Stability Cash flow is the lifeblood of any small business. Without adequate liquidity, even profitable businesses can struggle to meet operational expenses, pay employees, and invest in growth. This guide explores the importance of cash flow management, common pitfalls, and actionable strategies to ensure financial stability. Understanding Cash…Read More
A Guide to Efficient Tax Planning for Property and Asset Owners Capital Gains Tax (CGT) is a crucial consideration for anyone selling assets such as property, shares, or valuable personal possessions. Understanding how CGT works can help you legally minimise your tax liability while making the most of your investments. In this guide, we will…Read More
Understanding Deductions, Compliance, and Financial Planning For self-employed professionals in the UK, managing tax obligations effectively is essential for financial stability and long-term success. Without the security of PAYE (Pay As You Earn) deductions, freelancers, sole traders, and contractors must take a proactive approach to tax planning. In this guide, we will explore the tax…Read More
When we look at Inheritance Tax, we are looking at the tax imposed on the transfer of assets from a deceased person to their beneficiaries. Typically, inheritance tax is levied on the total value of the deceased person’s estate, which may include various assets such as real estate, financial investments, personal belongings, and other valuable…Read More
Selecting the right accountant is a crucial decision for any small business owner. The ideal accountant should not only possess comprehensive expertise in small business accountancy but also understand the unique challenges and opportunities your business faces. In today’s competitive market, having an accountant who provides tailored financial guidance and business startup advice can be…Read More
We all know that Value-Added Tax (VAT) is a consumption tax levied on the value added at each stage of production or distribution of goods and services, so what do we mean when we say VAT Health Check? Well, when we talk about a VAT Health Check, we are referring to an assessment or review…Read More
One of the services we are proud to offer under our accounting and bookkeeping is estimated tax liabilities. According to Investopedia, when we talk about tax liabilities, we are referring to “the payment owed by an individual, business, or other entity to a federal, state, or local tax authority”. Some examples of tax liabilities include…Read More
Here at Nigel Butler, we offer all our customers a free consultation to help them understand their accounting needs. But one question you may be thinking is: do I really need one? Our answer is yes! There are many ways our free consultations can help you and your business. Through our consultations, we can understand…Read More
Within the last few years, the government has launched a new initiative to improve the efficiency and effectiveness of tax administration through Making Tax Digital. So, what does making tax digital mean? Well, this concept was put into place as part of HMRC’s plan to digitalise the UK tax system. It aims to reduce the…Read More
As a small business owner, keeping your finances organised can be a daunting task. However, by implementing a few simple strategies, you can take control of your finances and make it easier for your accountants to provide you with valuable insights and guidance. In this blog post, we will be sharing 5 simple tips for…Read More
Running a small business can be challenging, from managing day-to-day operations to making important financial decisions. One aspect that many small business owners often overlook is the importance of hiring a business advisor. A business advisor can help you navigate the complex financial landscape, identify opportunities for growth and savings and make strategic decisions that…Read More
Expense tracking is a vital aspect of managing any business, regardless of its size or industry. It not only helps in keeping a tab on the expenses of the business but also in creating a budget and forecasting future expenses. By working with a skilled financial advisor in Swindon and implementing an effective expense tracking…Read More