skip to navigationskip to main content

Making Tax Digital for Income Tax Self Assessment

Deadline extended for MTD for Income Tax Self Assessment for businesses and landlords In order to support businesses and landlords in the wake of the pandemic, the Government have extended the deadline for Making Tax Digital (MTD) for income tax self assessment until the 6th April 2024. The original deadline was due to come into…Read More

What does the Spring Statement 2022 mean for our clients?

Below you will find a brief summary of what the Spring Statement means for small and medium sized enterprises and the self-employed. Measures to help small and medium sized enterprises (SME’s) Business rates multiplier will be frozen in 2022-23, meaning no increase in charges until April 2023. Eligible retail, hospitality and leisure businesses will also…Read More

Accountant or Auditor?

What is the difference between auditors and accountants? Clients often ask us what is the difference between auditors and accountants. The two roles are similar; however, an auditor is usually responsible for reviewing the work of an accountant. All businesses must file a set of accounts with HMRC, however not all companies are required to…Read More

Financial Audit Preparation Checklist

During your financial audit, the auditor will check that your businesses financial statements are represented accurately and in their entirety, without any misstatements or errors. The auditor will also perform a detailed review of your accounting systems and systems of control. Depending on the size of your business, the financial audit could take several days.…Read More

Setting up a Limited Company

6 steps to set up a limited company There are lots of reasons why you might be considering setting up a limited company. Limited liability protection, credibility and trust, tax efficiency – these are just a few of the benefits that a limited company can enjoy. And setting up a limited company needn’t be as…Read More

Tax relief for landlords explained

Restricting finance cost relief for individual landlords From the 6th April 2020, property landlords will no-longer be able to deduct finance costs (including mortgage interest) from rental income in order to reduce your tax bill. Instead, tax relief on all residential property finance costs will be restricted to the basic rate of income tax. Most…Read More

Making Tax Digital for VAT

What is Making Tax Digital? Making Tax Digital (MTD) is a Government initiative designed to “make it easier for individuals and businesses to get tax right and keep on top of their affairs”. Making Tax Digital requires individuals and businesses to keep digital records (via spreadsheets or accounting software such as Sage) and submit their…Read More

Finding an accountant | Advice and Tips

Our guide to finding the right accountant for your business Finding the right accountant will prove invaluable to any business. The right accountant can help to increase your businesses productivity, save you money, improve cash flow and help you to plan for the future. But with so many accountants to choose from, how can you…Read More

Do I need an accountant? | PW John & Co

Could an accountant help your business? Hiring an accountant is not a legal requirement for business owners and you may not need an accountant right away. If you’re confident that you can deal with your business finances yourself, it is possible to file and prepare your accounts without engaging an accountant. However, as a small…Read More