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

A fast guide to corporation tax for UK companies

Corporation Tax is a tax paid by businesses in the UK and is calculated on annual profits in a similar way to how income tax is calculated for individuals, however, companies don’t get an equivalent personal allowance – all profits are taxable – however, there are some expenses and deductions that can be claimed to … Continue Reading

Stressed about VAT? Here are some tips

Stressed about VAT? VAT can be an incredibly stressful and complicated process. Due to the seemingly endless and sometimes confusing rules. It can be overwhelming and difficult to know whether you are correctly handling your VAT. Or if your business is overpaying or underpaying. If after reading this article you decide an accountant can help … Continue Reading

Making Tax Digital (MTD) – part 2

In 2019, HMRC made tax digital meaning people can track their business and professional transactions automatically. This system will help to make tax filing more accurate, efficient and transparent. With big changes happening to the way tax is being processed. Businesses may benefit from working with a Making Tax Digital expert such as our Sheffield based … Continue Reading