ACCOUNTING NEWS

VAT registration steps

VAT Compliance for Small Businesses: A Step-by-Step Guide to Navigating the UK’s VAT System

By David Zoboki | April 9, 2024

Operating a small business in the UK often means you’ll have to navigate complex financial matters, taxation being one of the critical components. Value-added tax (VAT), in particular, can be a challenging aspect for many small business owners who are unsure about VAT requirements, registration, and reporting procedures. To help you better understand the intricacies…

Taxation for Expats

Navigating Taxation for Expats: A Comprehensive Guide to UK Tax for Non-Residents

By David Zoboki | April 2, 2024

As the cosmopolitan capital and financial centre of the United Kingdom, London attracts expatriates from all corners of the globe. For many of these individuals, acclimating to the local tax system is a crucial yet challenging aspect of their experience. While UK taxation rules may appear complex, understanding the nuances of tax legislation can help…

Bookkeeping

Streamlining Your Small Business Bookkeeping in London – Expert Tips for Efficiency

By David Zoboki | March 25, 2024

As a small business owner in London, managing your own bookkeeping can quickly become overwhelming. From invoicing clients and recording expenses to preparing and filing tax returns and financial statements, it can often feel like an insurmountable challenge. However, accurate and efficient bookkeeping is vital for the financial health of your company, ensuring you stay…

Tax Savings

Tax Savings Strategies for London Small Businesses: Expert Tips to Maximise Your Profits

By David Zoboki | March 18, 2024

Balancing the books and maximising your tax savings is one of the most daunting tasks a small business owner faces, especially in a bustling city like London. It’s both time-consuming and complex, and it can be challenging to keep up with every tax break or relief available. That’s why we’re here to help. As one…

Maximising Your Small Business Efficiency with Professional Bookkeeping and Tax Services

Maximising Your Small Business Efficiency with Professional Bookkeeping and Tax Services

By Spartan | June 5, 2023

The Many Advantages of Professional Bookkeeping Services At Spartan Group Accounting, we know that running a small business can be an exhilarating experience, but that it also comes with its fair share of challenges. As a small business owner, you’re not only responsible for delivering quality products or services to your customers but also for…

Self assessment/Sole traders

BUSINESS NEWS ENGLAND MAY 2023

By Spartan | May 9, 2023

BUSINESS NEWS ENGLAND MAY 2023 Extending the “Income tax cash basis” for the self-employed This HM Revenue & Customs (HMRC) consultation seeks views and feedback on proposals to increase eligibility and use of the income tax cash basis for the self-employed. These proposals aim to increase the number of businesses able to benefit from the…

Tax E-News – May 2023

Tax E-News – May 2023

By Spartan | May 9, 2023

Tax E-News – May 2023 Welcome to the May edition of Tax E-News. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. 2022/23 P11d FORMS TO BE SUBMITTED ONLINE The deadline for filing the P11d forms to report benefits in kind in respect of…

THE POWER OF BOOKKEEPING FOR SMALL BUSINESSES: AN ESSENTIAL TOOL FOR ACCURATE ACCOUNTING

The Power Of Bookkeeping For Small Businesses: An Essential Tool For Accurate Accounting

By Spartan | April 25, 2023

The Power Of Bookkeeping For Small Businesses: An Essential Tool For Accurate Accounting What is Bookkeeping: Why Your Business Needs to Carefully Track Finances Bookkeeping is a crucial tool for small businesses, as it allows them access to reliable financial data and equips them to make decisions regarding their money and everyday operations. How much…

Tax E-News – Budget Special

Tax E-News – Budget Special March 2023

By Spartan | April 6, 2023

Tax E-News – Budget Special March 2023 On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages.  Below we set out some of the main points. COST…

Business News England March 2023

Business News England March 2023

By Spartan | April 5, 2023

Business News England March 2023 Crypto Income Are you buying or trading Crypto? If you are thinking about buying cryptoassets (“crypto”) you need to know the basics and understand the risks before jumping in. And remember, if you decide to invest in crypto then you should be prepared to lose all the money you have…

Tax E-News March 2023

Tax E-News March 2023

By Spartan | April 4, 2023

Tax E-News March 2023 WILL THE SPRING BUDGET STIMULATE ECONOMIC GROWTH? With the UK economy flat lining the Chancellor is under pressure to announce measures to stimulate growth. There are even calls for him to cut corporation tax which is scheduled to increase from 1 April 2023. He may also extend the 130% super-deduction for…

How to Leverage Your Marketing Agency Accounting for Impact

How to Leverage Your Marketing Agency Accounting for Impact

By Spartan | March 15, 2023

How to Leverage Your Marketing Agency Accounting for Impact Choosing a Specialist Accountant for Your Creative Advertising Agency If you’ve considered getting in touch with specialists in accounting for marketing agencies, you might also have wondered if it is worth investing in a specialist accountant. Does it truly matter that much to choose this option,…

Tax E-News February 2023

Tax E-News February 2023

By Spartan | March 9, 2023

Tax E-News February 2023 MAKING TAX DIGITAL FOR INCOME TAX DELAYED AGAIN Making tax digital (MTD) for income tax self-assessment (ITSA) was originally scheduled to start in 2018 and was then put back to 2023 and then 2024. It was announced just before Christmas that the new system of submitting digital information quarterly to HMRC…

Business News England February 2023

Business News England February 2023

By Spartan | March 8, 2023

Business News England February 2023 Ecommerce Selling online and paying taxes If you regularly sell goods or services through an online marketplace, you could be classed as a ‘trader’. And if you earn more than £1,000 before deducting expenses through your trading, you will need to pay Income Tax on this. For tax, an online…

Tax E-News January 2023

Tax E-News January 2023

By Spartan | February 13, 2023

Tax E-News January 2023 NEW YEAR RESOLUTIONS TO SAVE TAX At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA allowances…

Business News England January 2023

Business News England January 2023

By Spartan | February 13, 2023

Business News England January 2023 More time to prepare for Making Tax Digital for Income Tax Self-Assessment The mandatory use of software for Making Tax Digital for Income Tax Self-Assessment is being phased in from April 2026. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) was due to be phased in from April 2024.…

a man holding a newspaper

BUSINESS NEWS ENGLAND DECEMBER 2022

By David Zoboki | December 12, 2022

Business News England december 2022 BUSINESS NEWS Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Ministers to review late payments to small businesses Earlier this month, business secretary Grant…

a man holding a newspaper

Business News England

By David Zoboki | November 15, 2022

Business News England The key to business success in challenging times Times are tough and they are likely to remain challenging for many businesses. History shows us that only when things are difficult does genuine quality rise to the surface. So what do businesses have to do to ensure that they succeed in the economic…

Claim Research and Development Tax Relief

Claim Research and Development Tax Relief

By Spartan | November 15, 2022

Claim Research and Development Tax Relief Taking a Closer Look at Research and Development Tax Relief Expert tax accountants, Spartan Accounting Group in London, can help you with Research and Development (R&D) Tax Relief. As a UK business owner, the chances are high that you may have heard about R&D Tax Relief at some point.…

Starter Guide To Bookkeeping For Your Marketing Business

Starter Guide To Bookkeeping For Your Marketing Business

By Spartan | September 25, 2022

Starter Guide To Bookkeeping For Your Marketing Business Outsourcing The Bookkeeping Function Of Your Marketing Business The bookkeeping function of your business is important since it keeps a record of all the financial transactions that transpire. Your marketing business needs to stay ahead of the curve when it comes to the ever-changing business environment. Since…

Top Reasons to Outsource Your Marketing Agencies Accounting

Top Reasons to Outsource Your Marketing Agency Accounting

By Spartan | August 22, 2022

Top Reasons to Outsource Your Marketing Agency Accounting When to Hand Over the Accounting Reigns Accounting for marketing agencies is a crucial part of running and maintaining your company. However, you might be considering if anyone in your team has the necessary skill sets to complete these tasks. Marketing agencies accounting and bookkeeping are often…

Using QuickBooks for Ecommerce Accounting

Using QuickBooks for Ecommerce Accounting

By Spartan | July 6, 2022

Using QuickBooks for Ecommerce Accounting Ecommerce Business and It’s Ever Changing Landscape Ecommerce accounting, although it sounds daunting, is an invaluable part of running a successful ecommerce business. Furthermore, having the best ecommerce accountants on your side can help your business grow and thrive in ways that may surprise you! At Spartan Accounting Group in…

Automated E-commerce Accounting and Bookkeeping

Automated E-commerce Accounting and Bookkeeping

By Spartan | May 27, 2022

Automated E-commerce Accounting and Bookkeeping Exploring The Benefits of Accounting That is Automated Automated E-commerce accounting services? This may seem like a dream come true for most e-commerce business owners. It might also seem like something that is unattainable, or possibly available sometime in the future. However, with Spartan Accounting Group in London, automating accounting…

How Outsourcing Your Bookkeeping Helps Your Business Grow

How Outsourcing Business Bookkeeping Helps Your Business Grow

By Spartan | May 10, 2022

How Outsourcing Your Business Bookkeeping Helps Your Business Grow A Closer Look at Some Benefits of Outsourcing Your Bookkeeping Bookkeeping duties are generally widely regarded as dreary and complicated. At Spartan Accounting Group, we understand that these tasks are best performed by individuals who are driven by passion for the field. We also realise that…

SEIS/EIS - How to Raise Capital the Tax-Efficient Way

SEIS/ EIS – How to Raise Capital the Tax-Efficient Way

By Spartan | April 14, 2022

SEIS/EIS – How to Raise Capital the Tax-Efficient Way Using the Enterprise Investment Scheme to Grow Your Business  As a new small business owner, one crucial aspect of survival is securing funds for your company. While there are methods such as crowdfunding or relying on family or friends to help out financially, offering relief through…

How Accountants For SME Can Help You Meet Your Payroll Obligations

How Accountants For SME Can Help You Meet Your Payroll Obligations

By Spartan | February 28, 2022

How Accountants For SME Can Help You Meet Your Payroll Obligations What Payroll Obligations Do SME Have In Their Business? When starting a business in the UK, it’s essential to manage your employees efficiently while understanding and adhering to many aspects related to payroll and employment regulations. If this isn’t your area of expertise, it’s…

What You Need To Know About HMRC Self-Assessment and Penalty Waivers in 2022

What You Need To Know About HMRC Self-Assessment

By Spartan | January 12, 2022

What You Need To Know About HMRC Self-Assessment and Penalty Waivers in 2022 What is Self-assessment and Why Do I Need an Accountant? Self assessment is a system that HM Revenue and Customs (HMRC) uses to collect freelancer tax and personal tax. Tax is usually deducted automatically from wages, pensions and savings. People and businesses…

Maintaining a Healthy Cash Flow With Spartan Accounting Group

Maintaining a Healthy Cash Flow With Spartan Accounting Group

By Spartan | December 17, 2021

Maintaining a Healthy Cash Flow With Spartan Accounting Group The need for a more organised and accessible, to the right people, the approach is what has led to accounting moving online. In this article, we will discuss how making use of cloud accounting simplifies the process for all our clients here at Spartan Accounting Group.…

a person with his laptop

Digitalising Accounting Systems: Moving Offline Accounting Online

By Spartan | July 13, 2021

Digitalising Accounting Systems: Moving Offline Accounting Online Digitalising Accounting Systems; The Modern Solution to Accounting Digitalising accounting systems have now become the norm in the accounting industry. You may have recently been hearing more and more about “the cloud”, but perhaps you aren’t really sure how this ties in with accounting? In this blog post,…

a laptop, a smartphone, and a coffee

How To Prepare Your Business For an HMRC Audit

By Spartan | July 6, 2021

How To Prepare Your Business For an HMRC Audit Who Gets Chosen by HMRC? HM Revenue and Customs (HMRC) have the right to investigate your business if they so choose, to ensure that your business is compliant and paying the correct amount of tax. Additionally, tax investigations seem to be on the rise, with HMRC…

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