The wrong accountant costs you more than their fees: missed deductions, incorrect VAT treatment and poor tax planning are common problems when your accountant doesn’t
Tax returns can be hard work but sometime, especially in today’s business climate it’s finding the cash to pay the tax that can be the biggest problem.
As a sole trader you must keep records for at least 5 years after your Self Assessment deadline; as a limited company, at least 6
An emergency tax code is applied when HMRC doesn’t have your full income details: it means you’re probably overpaying tax right now, and you can
Your HMRC tax code tells your employer or pension provider how much income tax to deduct from your pay. If the UK tax code is
Note: We aim to give the best, honest recommendations to people in the creative industries.In this blog post, we take a look at the best
Making Tax Digital (MTD) is the UK government’s big push to drag tax reporting into the 21st century. Instead of keeping paper records or spreadsheets,
Good bookkeeping for creatives starts with one habit: recording income and expenses as they happen, not in a January panic. Disorganised records cost you both
Your taxable profit is not the same number as your net profit: it’s arrived at by adding back non-allowable expenses and subtracting capital allowances, and
Management accounts give you a real-time view of profit, cash flow, and financial position: usually prepared monthly or quarterly, they replace year-end guesswork with decisions
