Rishi Sunak delivered his 2021 Budget after spending a year giving money away. Making him one of the most popular Chancellors the country has had. However, the budget has marked a turning point for the Chancellor. While he has continued some giveaways, he has also highlighted that pain is to come. 2021 Budget – Main … Continue Reading
Using an accountant to handle your VAT
As a lawyer you will know the importance of specialist advice, after all it’s what you offer. But what about when you need advice? VAT is one of the most complex aspects of UK taxation and an area where it will really pay to use a specialist accountant for lawyers who understands your business and … Continue Reading
Specialist accountants for contractors – Millhouses Accountancy
If you’re working as a contractor you might think your tax affairs are simple and straightforward. Maybe you think that bookkeeping and accountancy isn’t something you need to worry about. However, if you try using Millhouses Accountancy, specialist accountants for contractors you might quickly change your mind. Specialist accountants for contractors Whatever your trade; whether … Continue Reading
Specialist accountants for lawyers – Millhouses Accountancy
People turn to lawyers every day because they need the specialist advice and services of a professional. So, who do lawyers turn to when they need professional services? Few people will know better than a lawyer how complex the law can be and why it’s important to use an expert. So when it comes to … Continue Reading
Self-assessment tax deadline beware of scammers!
Beware! Scammers are trying to take advantage of the self-assessment tax deadline, due in 31st January. HMRC released a statement back in November (2020) reminding tax payers to be aware of scammers who are pretending to be HMRC in the lead up to January 31st. With the increased communication that is passed back and forth … Continue Reading
Accounting for Trades Persons
Are you a self-employed Plumber, builder, Central heating engineer, plasterer, painter and decorator or electrician? Do you engage the services of sub-contractors? Do you run your business as a limited company? Are you Vat registered? If the answer to all of these questions is yes then the finance function within your business will require all of the following tasks performing on a weekly or monthly basis
Working from home – how does this change your tax?
Over recent years there has been an increasing trend of home-working and, during the coronavirus pandemic, huge numbers of people have also been forced to work from home either because of lock-downs or because their employer has shifted to complete or partial home-working. Working from home has many benefits. But you might not have thought … Continue Reading
Save Money In Business – 5 Tips
As we all know, running a successful business is about a lot more than just selling a product or service. There are a whole host of other things we have to do to make sure the business runs smoothly, and one of the most important of these activities is the bookkeeping and accountancy. Predicting cash-flow, … Continue Reading
What is Bookkeeping and why is it so important for your business?
Introduction Bookkeeping is the recording of the day to day transactions within your business into ledgers (Books). This allows you to see how much cash is flowing into your business, how much cash is flowing out, how much you have earned, how much you have spent on various items, how much money the business owes … Continue Reading
In-house or virtual financial director?
Employing a financial director can be revolutionary for a business, but it’ll also normally come with a big financial cost too. However, there is an alternative. The job of financial director is much more than simply ‘bean counting’ or ‘producing management accounts’ these days. Financial directors are members of a senior executive team with responsibility for … Continue Reading
