How Xero Software Can Revolutionise Your Business Operations In the ever-evolving landscape of business, adaptability and efficiency are key to staying ahead. Xero, a cloud-based…
Paul Lydiate03/04/2024
You ask, we answer
Your questions about accounting and tax answered, and our take on the latest developments in tax, accounts and related matters affecting individuals and businesses. Quick reads and in-depth articles.
The National Minimum Wage rates that apply from 1 April 2024 are below. Aged 21 and over: £11.44 per hour Aged 18 to 20: £8.60…
Tim Miles25/03/2024
As of 2024, the basis period reporting rules have seen significant changes that will impact businesses and their accounting practices, particularly in the UK. The…
Paul Lydiate25/03/2024
With each new tax year comes a fresh opportunity to reassess your financial planning and ensure you are making the most of the tax allowances…
Paul Lydiate18/03/2024
Choosing the right legal structure is a critical decision for any entrepreneur or small business owner. Two common options are operating as a limited company…
Paul Lydiate12/03/2024
The UK Companies House is implementing new rules effective from March 4 2024, as part of the Economic Crime and Corporate Transparency Act. These changes…
Paul Lydiate12/03/2024
2024 Budget Alcohol duty The freeze in duty was due to end in August but has been extended to February next year. Fuel duty Fuel…
Paul Lydiate06/03/2024
Important dates: The dates for paying your self-assessment are: 31 January (balancing payment and your first payment on accounts) 31 July for your second payment…
Paul Lydiate27/06/2023
Yes but, when hiring a new employee, the P45 form plays a crucial role in ensuring accurate tax deductions and providing important information about the…
Paul Lydiate07/06/2023
FTSE plummets by 236.35 points (3.09%) as Jeremy Hunt unveils UK's 'budget for growth'. General The Energy Price Guarantee will remain at £2,500 for the…
Paul Lydiate15/03/2023
Staff can be the greatest asset to your business. But how do you know that you’re taking on the right person? How can you inspire…
Tim Miles11/03/2022
Updated 13.51am Thursday 5 November 2020 Lockdown 2.0 is upon us! Today the Government have announced new measures to try and support businesses through this…
Paul Lydiate05/11/2020
To pay your tax bill online, please go to HMRC's Website. Scroll down and click on the "pay now" button. On the next…
Paul Lydiate09/10/2020
It is said that an unorganized desk can waste 30 to 120 minutes every day. Well, if an unorganized desk has such a huge drawback,…
My Accountancy Hub25/09/2020
Updated 14.27am Thursday 24 September 2020 The Chancellor has announced a number of additional support measures for businesses and individuals. Here's what you need to…
Paul Lydiate24/09/2020
Various measures have been announced today to get the economy going again, but do they go far enough? VAT Changes VAT will be cut on…
Paul Lydiate08/07/2020
During these crazy times, it’s okay to be scared, confused, worried and anxious, but we’re here to help as many people and businesses through it,…
Paul Lydiate01/07/2020
The current advice is to work from home where you can. For some sectors this is not possible therefor employers must make the working environment…
Paul Lydiate12/05/2020
This is the latest scheme available today. It enables small businesses to obtain 100% Government backed loans between £2,000 and £50,000. These loans will be…
Paul Lydiate04/05/2020
Updated 9.02am Mon 8 June 2020 The Government have released a lot of information over the past week about how they intend to support businesses…
My Accountancy Hub03/05/2020
