Author Archive for: admin1

Entries by admin1

The benefits of financial modelling

It is easy for businesses to drift from one month to another, with no clear focus on a strategy to drive growth. With the right tools in place, a business can go from drifting to a business that is growing with a clearly articulated strategy.  A good financial strategy will: Reflect the visions of the […]

Get your ducks in a row

Being ready for a business sale before the process begins is fundamental to a smooth transaction. Being ready for sale means: Historical data You should have good monthly historical management accounts, with profit and loss account, balance sheet, cash flow and key performance indicators. These should reconcile to the year end statutory accounts. Transaction You should […]

Download your free 2022/2023 tax card

We’re pleased to provide you with a free downloadable PDF of our tax card, which summarises many of the rates and allowances fundamental to your business and personal lives. We are sure that you will find it a useful point of reference throughout the coming tax year. Our tax card contains lots of information on […]

SPRING STATEMENT 2022

Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses. The Chancellor will lift the starting thresholds for […]

Tips for managing your accounts

Managing your accounts is an important part of running a small business. This means recording and organising transactions, preparing invoices, and filing receipts. If this is not something you have dealt with before, it can be daunting but it doesn’t have to be. Staying on top of your accounts in an efficient and managed manner […]

The changing face of accountancy

Like many businesses accountancy continues to evolve to both improve and keep up-to-date with how businesses function. But it’s not only new technology that is driving changes in accountancy. Accountancy firms are expanding beyond the traditional tax, bookkeeping and payroll services, extending their offering to include additional services where there are obvious synergies such as […]

The top 5 tax matters to consider before 5th April 2022

At this time of year and with just a few weeks until the end of the 2021/22 Tax Year our Tax Experts have identified The Big 5 tax planning opportunities which you should consider over the next few weeks. Dividend tax rate increases and accelerating dividends From 6th April 2022, the rates of tax on […]

Why business forecasting matters

Nobody has a crystal ball, so what is the point of trying to predict the future performance of a business? A good financial forecast is an important tool to help you manage and grow your business.  It will only be of use if you have a method of tracking actual performance against forecast in order […]

Planning growth in 2022

Let’s plan your route to success A new year is a great time to focus the mind and put plans in place to achieve your business and personal goals. A properly thought out plan that outlines not only what you want to achieve but how you are going to get there is crucial to making […]

A round up of the accountancy world in 2022

Our thoughts on 2022 from an accountancy point of view… Inflation Although inflation is likely to hit 7% in the early months of 2022, it should turn out to be a short-term blip and by the autumn it should drop to just over 2%. Tax evasion and avoidance To recover money lost due to a […]

Tips for bookkeeping efficiently 

Bookkeeping is crucial for any business, large or small. Not only from an accountancy point of view but for general business efficiency, planning and insight.   Getting the bookkeeping basics right is fundamental, especially when you are relying on timely information to make decisions and assess actual performance against strategy.  We share some tips to help […]

Chancellor’s 2021 Autumn Budget Summary

What does the Autumn 2021 budget mean for you? The Autumn 2021 budget has been announced and we’re delighted to share our initial thoughts and impressions on the changes that might affect you and your business. Our Budget Summary provides an overview of the key points arising from the Chancellor’s speech. Additionally, throughout the Summary […]

Tips for Inheritance Tax planning

Planning for the inevitable is a process that many put off, avoid or fail to tackle in time. However, the last thing that you want to do when you work hard all your life is to find a substantial part of your estate and assets in the hands of HMRC. Inheritance tax is often called […]

Employment Law Update Seminar

When: 3rd November 8:30am to 10:30am Where: Briar Court Hotel, Halifax Road, Birchencliffe, Huddersfield, HD3 3NT This November New Dawn Resources will be hosting another of their popular Employment Law Update Seminars. This free event will be held in conjunction with Langricks and Stafflex. Along with the latest news regarding employment law from the NDR team, […]

Tips for managing VAT returns 

VAT registered businesses act as unpaid tax collectors and are required to account both promptly and accurately for all the tax revenue collected by them. When setting up a new business, VAT accounting can be complicated. However, if you have the right processes in place things will run smoothly and efficiently.   To help we share some information […]

Benefits of outsourcing your payroll 

Payroll is a crucial part of running a business and needs to be carried out correctly. Not just to make sure you are legally compliant, but for the benefit of your biggest assets, your employees. Your employees expect it to be right each and every time.  Payroll’s basic procedures can be difficult and time consuming for […]

How to get the most out of your accountant 

An accountant helps an organisation to stay in full control of its finances. Businesses that hire a good accountant can often benefit from a wide range of accountancy services, which can help to save money and reduce workload. Whether your accountant is carrying out tax compliance work or producing your annual accounts, being prepared will ensure they can carry out the […]

Tips for personal retirement planning

Personal Retirement planning – the sooner you start, the easier it will be to achieve your dream retirement. It’s never too early to start planning for the future, a retirement plan will be different for each and every person so should be tailored to your individual circumstances and requirements. When you are planning your retirement, […]

Tips for pension planning

Pensions advice and tips Having a plan in place for retirement can give you peace of mind when planning for the future. Whatever your age, it’s never too early to start planning and considering how much you’d like to save for when it comes to your retirement. Pension planning is important to ensure you benefit […]

Recommendations from the OTS on making Capital Gains Tax more understandable

Further recommendations from the OTS on making Capital Gains Tax (CGT) more understandable and “user friendly”. Last month (May 2021) the OTS followed up their first report on CGT (November 2020) with a 2nd paper on “key practical, technical and administrative issues”. Coming in at 125 pages long this 2nd report is not short of analysis […]