Understanding the Employer’s National Insurance Contributions Changes in the Autumn Budget 2024

The Autumn Budget 2024 has introduced some big changes to the UK’s National Insurance Contributions (NIC) that employers should know about – especially if you’re a small business owner, running a company with just a few employees, or managing a limited company with only one director on payroll.  These changes affect the NIC threshold, bring … Read moreUnderstanding the Employer’s National Insurance Contributions Changes in the Autumn Budget 2024

Simplifying Income Tax and National Insurance Reporting for Benefits in Kind

Navigating the intricacies of income tax and National Insurance can feel like a maze for many businesses, especially when it comes to benefits in kind (BIK). These non-cash perks, such as company cars or private health insurance, can add layers of complexity to tax reporting. However, by simplifying the reporting process, businesses can help to … Read moreSimplifying Income Tax and National Insurance Reporting for Benefits in Kind

Can I Backdate Business Expenses? Understanding How to Amend Your Tax Returns

As a business owner, managing your finances and taxes can feel like a never-ending task. It’s easy to miss a few deductions or realise after filing that you forgot to include a business expense. One common question business owners often ask us is: “Can I backdate my business expenses?” Whether you’re trying to lower your … Read moreCan I Backdate Business Expenses? Understanding How to Amend Your Tax Returns

Budgeting Tips for Small Businesses: Ensuring Financial Preparedness in an Uncertain Economy

Running a small business can be tough, especially when the economy feels like it’s constantly shifting beneath your feet. Whether it’s navigating supply chain disruptions, managing cash flow, or figuring out when to hire your next employee, staying financially prepared has never been more important than it is right now. And the best way to … Read moreBudgeting Tips for Small Businesses: Ensuring Financial Preparedness in an Uncertain Economy