What are the tax implications of selling your business?
Selling your business can be an exciting and profitable time. But, if you’re thinking of selling your business, it’s important to be aware of any potential tax implications this may involve. In this blog, we’ll take a closer look at the tax implications you should know about if you’re selling your business. How much tax…
5 Employment law changes for 2024
5 Employment law changes for 2024 and how they could impact your business | 3-minute read With each new tax year come new and updated regulations for employers. As a business, it’s vital that you keep up with changing legislation and ensure that you remain fully compliant. Here are five employment law changes that your…
Autumn Statement 2023: Everything accountants needs to know
On November 22nd, chancellor Jeremy Hunt delivered the autumn statement 2023 to the House of Common. The announcement focused on reducing debt, cutting tax, and backing British businesses. During his presentation, the chancellor introduced a several changes in attempt to grow the economy and reduce debt. Today, we look at these changes and explain what…
Why hiring an accountant is an investment in your business
Hiring an accountant can play an important role in the supporting of your business. They offer a range of accounting services, from tax planning to finance management. Choosing to outsource to an accountant is a great investment in your business and can be invaluable to keep ahead of competitors and identify opportunities for growth. If…
3 Benefits of hiring a small business accountant
Hiring an accountant is critical for your small business as they provide expert advice, recommendations, and support to improve your financial position. Not only that, but hiring an accountant also provides you with reassurance that your legal, financial, and tax responsibilities are being taken care of. A good small business accountant will offer you a…
Accounting terms every business owner should know
Whether you’re a long-term business owner or a brand-new start-up, it is always a good idea to freshen up on your accounting basics. Even if you hire a professional accountant to help and assist with money matters, there is still a lot of value in understanding accounting terms and knowing a thing or two yourself….
A guide to bookkeeping
Bookkeeping is the process of recording and tracking financial transactions in a business. It is essential business admin, but it can be tough to know what tasks you need to do and how often you need to do them. Our guide to bookkeeping explains basic bookkeeping tasks that every small business owner or independent contractor…
Accountancy myths busted
The accounting profession is surrounded by myths, and although a growing number of businesses are using accounting services each year, some sole traders remain on the fence. At React Accountancy, we strive to change the narrative by providing a no-jargon accounting service with open and honest communication, so that you know you’re in reliable hands….
How to sell a limited company
People decide to sell their limited company for a whole host of different reasons. However, the vast majority of business owners will choose to sell their limited company for the following reasons: Retirement Profit driven Simply not wanting to run the business anymore. You can either sell your shares to a third party buyer,…
Do I have to file a self-assessment tax return?
Do I have to file a self-assessment tax return? | 3 minute read Whether you are self-employed as a sole trader and earned more than £1000 or you are a partner in a business, you must file a tax return to HMRC. A self-assessment form is a different type of tax, which is designed to…
Reasons you should hire a small business accountant in 2022
Thinking of hiring a small business accountant in 2022? Read on. Running a small business can be incredibly challenging, especially when it comes to getting your business of the ground, maximising exposure, gaining funding to grow and ensuring that you do not overspend during those early days. And, from the moment you set up your…
Choosing the right accountant for your small business
Choosing the right accountant for your small business An accountant plays a vital role in the running of any small business, helping to prepare accounts and tax returns, managing payroll, and ensuring that the business stays up to date with tax deadlines. So, if you’re thinking about hiring an accountant for your small business or…
