As the name suggests, contractor accounting refers to accounting services tailored to the specific needs of contractors, whatever their industry. From construction to IT, a whole host of industries rely on the services of contractors on a daily basis – but contractors themselves often rely on the help of accountants to ensure their finances are in order.
In our latest article, we list the main tax events to make note of during April and May. Please get in touch with us if you have any questions regarding these events.
The Chancellor of the Exchequer, Rishi Sunak, delivered his Spring Statement on Wednesday 23 March 2022. In this article, we outline the key measures affecting our clients.
Tempting though it may be to handle your own accounting, as a contractor, you’ll have a lot on your plate.
Do you agree? Most of our other clients do. In this economy, cash is king and managing your cash flow is more important than ever.
At this time of year, we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.
The process of keeping a business’s financial accounts in order, accounting involves interpreting and presenting financial data. This can be used to make business decisions.
You may think if you’re running a small business you can shoulder the responsibility of all the financial admin tasks and investment decisions. However, there are plenty of reasons to get an accountant on your books. From offering professional clarity when it comes to making big growth decisions to getting all your bookkeeping records and financial reports in pristine condition, there are so many ways an accountant can help.
The Prime Minister announced on 7th September that the government will introduce a new 1.25% Levy to provide an extra £12 billion a year to support the NHS and social care.
VAT registered business making taxable supplies above the £85,000 registration threshold have been grappling with Making Tax Digital (MTD) since April 2019. The next roll-out will be the introduction of MTD for income tax, which is scheduled to start in April 2023.