Latest Accounting and Taxation News from IN Accountancy

Limited Companies

Amazon Sellers – top tips to ensure your long term success

Have you ever considered selling on Amazon or eBay, setting up an eCommerce business, or a little side hustle?

If this sounds like you, it seems you are not alone.

More and more people these days are selling online to boost their income, sometimes just for a bit of fun and with no higher plans, and other times in the hopes of turning this so called side hustle into their dream job and their very first foray into entrepreneurship…

We have been receiving lots of enquiries recently about accounts and tax for Amazon sellers, so I’ve recorded a little video outlining our top tips if you are thinking about giving it a go yourself…

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October 10, 2023

an image of company director woth the support of an in accountancy accountant applying for employment allowance

News

What is the Employment Allowance and how can it benefit your business?

The Employment Allowance is a government incentive designed to support businesses by reducing their National Insurance Contributions (NICs). It gives employers the opportunity to save

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September 18, 2023

an image of a business owner working out the company payroll to avoid late payroll penalty

News

Don’t pay the penalty for missed payroll reporting

It’s easy to overlook the importance of correctly filing payroll reports on time, but it could be more costly than you think if you don’t.

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September 4, 2023

Limited Companies

Advisory fuel rates from 1 September 2023

Advisory fuel rates are changing from quarter beginning 1 September 2023 for certain vehicles!

The rate for electric cars will be 10p per mile and hybrid cars are treated as petrol or diesel for these purposes. This further increase reflects the higher electricity costs faces by energy consumers throughout the country…

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September 4, 2023

Amazon box to show accountancy solutions for amazon sellers

Small Business Advice

Profit Prime: Accountancy Solutions Tailored For Amazon Sellers

As an Amazon seller, accurate accounting and financial reporting are essential for staying ahead of the competition. However, the task of managing complex accounts can

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August 4, 2023

Associated Companies - Corporation Tax post 2023

Limited Companies

‘Associated Companies Rules’ what are they and why is it important to understand them?

This article explores the ‘associated companies rules’ which came into effect alongside the new corporation tax rules from 1 April 2023.

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July 13, 2023

Interest Rates Increase to 7% from 31 May 2023

Limited Companies

HMRC to increase interest on late payments yet again!

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%

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May 18, 2023

an image of a local accountant showcasing the benefits of hiring a local accountant

News

How To Find & Hire The Right Local Accountant

Whether you’re a sole trader or a director of a limited company, you want an accountant who is reliable, knowledgeable, and trustworthy. After all, you’re

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March 20, 2023

Limited Companies

Spring Budget 2023 – A bit of a damp squib for small business?

Jeremy Hunt’s first Budget announced on Wednesday 15 March 2023 may have been a bit of a damp squib for small business, but after the chaos of Autumn 2022, for accountants, tax advisors, economists and software companies around the country I suspect there was a huge sigh of relief.

So rather than complain about the lack of anything interesting to talk about, perhaps we should remember that sometimes a little bit of stability goes a long way!

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March 16, 2023

News

Top up your state pension before 31 July 2023

If you were offered interest on your savings at 1168% you’d snap my hand off, wouldn’t you? Even 100% return on investment would be great

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March 14, 2023

News

How Much Tax Does a Limited Company Pay?

Limited companies are separate legal entities from their owners and directors. However, ‘limited liability’ does not mean ‘zero accountability’. In fact, setting up a limited

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March 2, 2023