January is often the time when we break with old habits and formulate new ideas. If you have decided to start working on a new business idea, start a business or take your existing business to a new level – have a look at our starting up in business information. We would love to assist you on that journey, so please contact us today to take the first step!
Happy New Year!
As it is the season of goodwill to all – including your employees – remember that there is no taxable benefit for Christmas parties and other social events for employees – provided you keep the annual cost per head under £150.
It is now less than 100 days to go until Personal Tax Returns need to be filed before late penalties from HMRC are incurred. If you have not yet filed yours, get in contact with us today to see how we can help.
Are you happy for your home address to be publicly available to anyone with internet access?
A registered office is the official address of a company and forms part of the public record.
As a company director, your registered office address is accessible at Companies House as well as your home address as a company director unless you have nominated a different address to be your service address. These records are all accessible free to the public by typing in either the name of your company or your name as company officer.
If you would prefer to protect this personal information, you may decide to choose our registered office service. Please contact us for more details.
You are therefore at risk of appointing a firm that is not qualified to do the work they have been engaged to do, and this can have real consequences for you or your business.
However, to call yourself ‘Chartered Accountants’ you must be a member of the Institute of Chartered Accountants of England and Wales (ICAEW). Gaining membership of ICAEW is not an easy task, and rightly so. It involves many years of study and passing various examinations from accounting, financial management, audit, business strategy and tax. To continue as members of the ICAEW, accountants must maintain high standards of ethical and professional conduct. As a member firm, we follow the framework of quality assurance principles which covers laws, regulations and professional standards, client acceptance and disengagement, competence and quality control.
As a regulated firm, we are required by the ICAEW to have certain levels of professional indemnity cover in place in case things go wrong. We are also bound to retain your tax papers for sufficient time to assist you with meeting your regulatory obligations to HM Revenue & Customs.
Unfortunately, there are no such requirements for an unregulated accountant!
Simply take a photo of the receipt or invoice on your phone using the Snap app and press submit. The receipt can then be discarded. Within minutes the receipt photo and information is with us and once we have checked the amounts and cost allocation, it is posted automatically through to your accounts software. All data is stored securely in the cloud complying with new data regulations. No more filling in spreadsheets or storing receipts and invoices in envelopes, boxes or files.
Please contact us to find out how to start saving time.
Everyone wishes they could make more time in their day. We have achieved it! From 1 August, we will be extending our office hours Monday to Thursday to 5:15pm.
Remember we still close at 4.00pm on Fridays.