Choosing the Right Bank Account for Your New Business in the UK Setting up a new business is an exciting journey, but it also comes
Are you a contractor, consultant, coach, or freelancer in the UK? If so, you’ve likely heard of IR35, but understanding IR35 is another problem. What
Invoicing is a crucial aspect of maintaining a healthy cash flow for contractors, consultants, coaches and freelancers. A well-organised invoicing process helps avoid costly mistakes,
IN Accountancy is thrilled to announce the appointment of Paul Brown as Tax Director. Paul brings with him a wealth of experience and expertise in
IN Accountancy is delighted to announce the appointment of Brian Bradley as our new Accounts Director Brian joins us from Clarke Nicklin, where he started
On 16 July 2024, the IN Team opened the doors to our new offices to clients and friends, and in doing so not only did
Following the Bank of England’s reduction of the base rate of interest to 5% on 1 August, HMRC has finally announced they will follow suit,
If you are involved in construction services then you need to know about the UK VAT Domestic Reverse Charge (DRC)! 🏗️
It’s all change at HMRC as to how tax refunds will be processed and issued: HMRC has stopped posting out automatic cheques for tax refunds,
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!! 🥳
💷 How on earth do I price my services?? ⁉ This is a question we are frequently asked, most recently from a relatively newly set
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.
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