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Sharing our knowledge

Working for years in the accounting industry has provided us with a wealth of knowledge across all areas of compliance. So we think it’s important to share this with our clients.

Here you’ll find a wide range of in-depth articles that clarify some of the more pressing business and industry issues and answer any of your questions about the world of accountancy.

New VAT penalty regime

On 1 January 2023, a new late payment and points-based penalty regime was introduced which replaces the VAT default surcharge. The new penalty system applies to accounting periods which start on or after 1 January 2023.

There are separate penalties for late submission of VAT returns and late payment of VAT. The way in which late payment interest is calculated has also changed.

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2023 Spring Budget breakdown

Exciting news! Today, Jeremy Hunt delivered the 2023 Spring Budget announcement, revealing some important measures to support the country's economic recovery. The government has abolished the “Lifetime Pension Allowance” and increased the pension annual allowance to...

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Claiming capital losses

Capital losses can be realised on assets such as shares or property and they arise when an asset is sold for less than the original purchase price. Capital losses can also be claimed on assets that you still own if they become ‘worthless’, also known as a negligible...

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Recent posts

How much do bookkeeping services cost?

If you’ve ever asked yourself, ‘How much do bookkeeping services cost?’, you’re not alone. The cost of bookkeeping can vary, so let’s take a closer look.

The power of optimising your invoicing and payment systems

This article offers valuable insights into the numerous advantages that come with optimising your invoicing and payment systems. We will not only explore the theoretical benefits but also provide you with a real-world example of a client who successfully underwent this transformation.