Update: The Making Tax Digital Pilot Has Been Extended! After introducing the Making Tax Digital (MTD) scheme and unveiling the benefits that go hand-in-hand with the digital accounts packages it endorses in our last blog post, we’re back with an update. The HM Revenue & Custom (HMRC) pilot of Making Tax Digital has now been...Read More

Making Tax Digital In today’s technologically driven world, everything we need is now at our fingertips courtesy of the smartphones, tablets and other devices that keep us connected to the net anytime, anywhere. So it comes as no surprise that HM Revenue and Customs (HMRC) is digitalising the UK tax system. The start of Making...Read More

Your guide to the Finance Act 2018 changes affecting partnerships The Finance Act 2018, which received Royal Assent on 15th March 2018 and is now an Act of Parliament, enacts several changes affecting the taxation of partnerships, most of which apply for the 2018-19 tax year onwards. As a leading provider of accounting services to...Read More

Making Tax Digital Technology has done wondrous things for a vast selection of sectors. The world of accounting has been equally transformed with the software used by our team making the management of finances and the meeting of tax obligations simple for the businesses and sole traders we work with. The government’s plans to make...Read More

Financial Year End Success With the end of the tax year swiftly approaching, many sole traders and businesses will be making preparations to avoid the tax pitfalls that so commonly arise. The end of the financial year, and the start of a new one, is the perfect time to reflect on business practices and more...Read More

Dividend Allowance Changes As with every year, April 2018 brings a number of new changes in the accounting world. One of the biggest changes likely to affect business owners who pay themselves a small salary along with dividends is the tax-free dividend allowance cut. The new tax year will see the amount of dividends directors...Read More

Starting Your Own Business The new year is upon us, and despite Brexit day looming, 2018 couldn’t be a better time to realise your business ambitions and start your own venture. Whether you’re new to the start-up scene or a serial entrepreneur, starting your own business on the right foot, with the right advice and...Read More

VAT changes Value-added tax (or VAT as it is more commonly known as) was initially introduced back in 1973 when the UK entered the European Union. With the official Brexit date now set in stone, changes to the current VAT system, that hasn’t altered much since its inception some 40 plus years ago, could be...Read More

Whitley Bay Accountants Whitley Bay is our home and the base of many of the sole traders, start-up businesses and large corporations that we do business with. However, like many northern seaside resorts, the town hasn’t always been cast in the best light. In recent years, the area has undergone something of a renaissance and...Read More

Paying Too Much Tax? It was recently reported that UK tax payers were set to overpay some £4.9 billion in tax. Whilst individual tax payers overpay on average £165 annually, many companies and sole traders overpay by thousands due to tax inefficiencies. For businesses in particular getting the right assistance and tax planning advice is...Read More