In the News
How to Prepare for Your First Self-Assessment Tax Return
Starting a new business or sole trader venture can be stressful, worrying and confusing, and then someone mentions being ready for year end, accounts or filing your tax return – these feeling are likely to multiply and questions flood into your brain about where to start. HMRC also requires some employed people to file a
Recent Changes at HMRC – Are You Affected?
HMRC employs the equivalent of 56,000 full time workers and is responsible for income tax, corporation tax, capital taxes, National Insurance contributions and the climate change levy… to name but a few. While it is therefore understandable that the Government department changes its priorities and regulations, often it leave individuals and business frustrated. One advantage
How Can Small Businesses be Sure of Complying with the New GDPR?
As the UK quickly moves towards the enforcement date of the new General Data Protection Regulation (GDPR) later this month, it is likely some smaller businesses are still not one hundred per cent sure if they have fulfilled the requirements. The directive took four years to prepare, and aimed to standardise data protection across the
Increase in Workplace Pension Contributions – Being Prepared for the After-effect in 2018/19
Automatic enrolment? Phasing? Mid-payroll increment? These are just a few terms that might set your heart racing and your brow sweating; it can be a stressful process making sure your business has prepared correctly for the recent changes to workplace pension contributions. While there is a clearly a legal obligation to comply with the April
How the Making Tax Digital plans could affect your business
With the planned roll out of HMRC’s Making Tax Digital in April 2019, initially just for businesses that are VAT registered, there is a big push by the government on bringing tax accounting into the 21st century and creating the online revolution in this area that has already occurred in sectors such as banking. The
Adams Moore offices get a facelift
Over the last decade, Adams Moore has concentrated heavily on developing business solutions to meet the evolving demands and requirements of our clients, and making investment in customer service processes and communication channels – not least of all our website. Providing a quality service is important to us. However, there is one area we thought
Don’t ignore the red tape when setting up in business
Don’t ignore the red tape when setting up in business There are many important business duties and rules that all business owners should be aware of, from tax and employment rules to pensions and required industry regulations. Understanding what these are, which ones you might need to implement and how it could affect your business
Technology in accountancy will benefit businesses now and in the future
Accountancy services have changed dramatically over the last decade. Once maybe viewed as a necessary evil and nothing more than a tax return or payroll services facilitator, accountancy was an expense for businesses simply to help them meet statutory duties. However, the last decade has seen forward-thinking accountants look for ways to add value to
Adams Moore supports Pay in 30 Days scheme
With late payments reportedly costing SMEs more than £2bn a year, it’s a real issue that needs addressing. Consequences of late payment range from having to rely on overdraft facilities, paying staff late or stunting business growth because of lack of funds to invest. At the worst end of the scale, bankruptcy is unfortunately a
Is it time to change your accountancy company?
Many established businesses may have been using their accountancy company since start-up, but should assess whether the firm is still offering the services that suit the needs of the business as it evolves. Instructing an accountant is usually one of the first things a business owner will do to ensure they can fulfil their obligatory