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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
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
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
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
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
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