We have recently been acquired by Cowgills, and will rebrand on 1st September. For all future enquiries, please visit the Cowgills website – Click Here
What Qualifies as a Business Expense? What qualifies as a business expense is one of the questions we get asked about most, often closely followed by will HMRC ask for
Outsourcing Your Accounting – Is It Right for Your Brilliant Business in 2025? As businesses grow, managing the financial side of things often becomes more complex — whether it’s payroll,
What is a P11D? A Practical Simplified Guide for Employers If your team receives benefits such as company cars, health insurance, or gym memberships in addition to their salary, you
Tax Advice for Business Owners: Protecting Profit, Managing Risk, and Planning for Achievable Growth in 2025 By Paul Brown – Tax Director at IN Accountancy Whatever stage your business is
In the October 2024 UK Budget, Chancellor Rachel Reeves unveiled significant tax reforms affecting non-domiciled individuals (non-doms) and expatriates. These changes, effective from 6 April 2025, mark a substantial shift
🎉 It’s that time again—the countdown to the end of the tax year (5 April) is on, and so you now have limited time to implement any tax year-end planning!
Tax and Divorce – navigating tax implications in divorce settlements: key considerations for separating couples Divorce is never easy, and while the emotional aspects are challenging, navigating the tax implications
Autumn Budget 2024 for small business owners – Not as bad as it could have been – or was it? Fair play to Rachel Reeves, for someone not known for
What’s going to happen in the 2024 budget? While we don’t have a crystal ball, IN Accountancy Tax Director Paul Brown shares his best guess…
Over the last year UK savers have finally been in a position to earn some interest on their savings, but how is interest income taxed, and how can you maximise the tax free element of what you receive? 🤔
If you meet certain criteria or have flexibility in how you structure your income, then you can potentially enjoy up to £18,570 of your income completely tax-free!! 🥳
Are You Struggling to Meet Your Tax Obligations?
More than 30,000 UK businesses were involved in some kind of insolvency action in 2023, which was an increase of more than 50% compared with 2021 according to an article in the Guardian earlier this year.
And the economic outlook would suggest that despite the fact that we are no longer in recession, 2024 and 2025 will be a challenging year for UK small business.
With this in mind we have prepared the following guide and associated video to help you understand what your options are with regards to agreeing what is known as a ‘Time to Pay’ arrangement with HMRC.
HMRC have just announced that they will raise interest rates on late payments by a further 0.25% from 31 May 2023 to 7%. Repayment rates will also increase to 3.5%
