Category: Blog

How to keep your business finances in order

How to keep your business finances in order Running any businesses is challenging, and you’ll often find that keeping on top of your business finances can often take a back seat. After all, when your busy doing what you love and running your business, it’s easy to see how day to day bookkeeping can be…

Our guide to VAT

Our guide to VAT Here’s our VAT guide to everything you need to know about VAT for  your business. What is VAT? VAT stands for Value Added Tax. This tax is applied to the sale of goods or services by companies who are registered in the UK. When a sale is made, the company adds…

How much does it cost to close a limited company?

There are various reasons why you might want to close your limited company. But it’s not simply a case of closing the doors, taking down your website, and letting your clients and customers know you’ll no longer be trading. There are also various legal steps you must take if you’ve decided to close your limited…

Do I need an accountant for a Limited Company?

  There are lots of benefits that come hand in hand with acquiring the support of an accountant to take care of your day to day accounting duties. As limited companies also have far more responsibilities than sole traders, it can become very easy for business owners to become overwhelmed by their accounts, especially if…

Tax

Making Tax Digital

Have you heard of HMRC’s Making Tax Digital (MTD) project? Starting in April 2019 all VAT Registered businesses will be compelled to submit their VAT Returns through approved software as HMRC will switch off the VAT submission section of their website in order to ensure that they can capture more business information and a full…

Property

Summer Budget 2015 – New rules for Landlords

Mortgage Interest Relief: Under current arrangements, interest paid on a loan or mortgage used to purchase a property which is let can be deducted from the rental income from the letting before calculating any income tax due. The Government is to change this longstanding rule and replace it with an income tax deduction at the…

Cloud

Every cloud has a silver lining

I was sad to hear of the demise of the company that I worked for before setting up React Accountancy four years ago. Up until a management buyout at the end of 2011 the company had been successful and an enlightened employer with an easy going approach and very high staff morale – in my…