Blog Posts

Finding a good accountant, not a cheap one

Around 20% of UK companies fail within their first year. According to figures from the Office for National Statistics, only 42.4% of businesses are still trading five years after being set up - and those stats pre-date COVID. Typically, one of the main causes is poor...

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What is the process to pay a dividend

You want to pay a dividend because you’ve heard it’s the most tax-efficient way of taking an income from the business. But the process isn’t as simple as just drawing out cash. With dividends, its important you follow the right steps. HMRC are hot on compliance checks...

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March 2021 Tax Day Announcements

We all heard the announcements made in the 2021 Budget on 3 March 2021. But did you know that HM Treasury published more than 30 tax policy announcements and documents? These Tax Day announcements were made less than 3 weeks later. No changes will be implemented in...

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How much is National Minimum Wage 2021

The clocks have changed, spring is sprung, and April is fast approaching. It is time to make sure you are paying your workers the correct amount. So how much is the National Minimum Wage in 2021? On 1 April the National Minimum Wage (NMW) rates for all ages of workers...

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Will the new IR35 changes affect me?

New IR35 tax changes will come into force in the private sector in April 2021. As a result some self-employed workers, and the businesses that hire them, will have to pay tax differently.   Are you one of the 170,000 ‘contractors’ who may have to pay more tax?  Are...

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