Xero has announced one of its biggest updates in recent years. Automatic bank reconciliation, powered by its new AI engine, JAX, is now rolling out in beta across the UK. For many small businesses and finance teams, this could remove hours of repetitive work each week and reduce the errors that often creep in through …
Thinking about moving your business into a limited company? Incorporation can offer tax advantages, legal protection and a more professional image, but it also comes with upfront costs, administrative changes and potential tax traps. Below, we look at the key points to consider before making the switch. What does incorporation mean? The term incorporation usually refers to …
Self Assessment rarely makes it to the top of anyone’s to-do list. Deadlines creep up, paperwork hides in inboxes and the rules change just enough to cause confusion. The good news is that with a little planning you can file with confidence, avoid penalties and keep your tax bill accurate. SeavorChartered has pulled together a …
Plan Your Next Move with Confidence Mergers and acquisitions (M&A) are powerful tools for growth—but without the right strategy, they can become a minefield of financial, legal, and operational challenges. Whether you’re exploring an acquisition to scale your business or considering a merger to streamline operations, it pays to be informed before making the leap. …
Choosing the best business structure for your business is one of the first and most important decisions you will make. It impacts everything from your tax obligations to the level of personal liability and even your ability to raise funds. Your choice of structure also has long-term implications for your growth potential, compliance responsibilities, and …
Today, Thursday 2 February 2023, The Bank of England have again increased interest rates, this time to 4%. Another milestone of the highest rates in 15 years. Chancellor Jeremy Hunt stated, “Inflation is a stealth tax that is the biggest threat to living standards in a generation, so we support the Bank’s action today so …
What has the government announced? Earlier this week, the government announced there will be a new energy discount scheme for businesses, charities, and the public sector ahead of the current scheme ending in March. The new scheme will mean all eligible UK businesses and other non-domestic energy users will receive a discount on high energy …
Recession is looming, with even bleaker news of an unsteady government. Conservative or Labour, we’re facing unprecedented times regarding our finances heading into the winter months. Business Savings With the increase in energy costs, fuel and borrowing it may seem a daunting time to be a business owner. Below are a few ways in which …
What is Cloud Accounting Software and what are the benefits? Cloud Accounting Software is fast becoming the future. Even for small businesses, Cloud Accounting Software such as Xero can help keep you on top of your accounts ahead of your annual accounts meeting. Xero runs daily online backups of your business information, meaning there’s no …
The Super Deduction – a new enhanced tax relief for companies introduced from 1 April 2021. The Super Deduction introduced 1 April 2021 until the end of March 2023 enables companies to claim 130% tax relief (through capital allowance) on qualifying plant and machinery expenditure. This is exciting news as it offers a significant tax …
The Chartered Institute of Taxation
The Association of Taxation Technicians
