ACCOUNTING NEWS
Maximising Your Small Business Efficiency with Professional Bookkeeping and Tax Services
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…
BUSINESS NEWS ENGLAND MAY 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 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 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 March 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 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 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 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 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 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 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 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.…
BUSINESS NEWS ENGLAND DECEMBER 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…
Business News England
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 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 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 Agency Accounting
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 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 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 Business Bookkeeping Helps Your Business Grow
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 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 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
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 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.…
Digitalising Accounting Systems: Moving Offline Accounting Online
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,…
How To Prepare Your Business For an HMRC Audit
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…
Getting Closer To The UK Version of SOX
Getting Closer To The UK Version of SOX Understanding SOX A Bit Better First things first; what exactly is SOX? The Sarbanes-Oxley Act details can be fairly complex, however, “SOX compliance” refers to the annual audit that public companies in the USA are subject to. This involves providing proof of accurate and data-secured financial reporting.…
An Introduction to HMRC’s New Late Points System
An Introduction to HMRC’s New Late Points System A Look At the New HMRC’s Late Points System Policy Income Tax returns. These new changes have been brought on in an effort to combat late submissions in a fair and consistent manner. This means that the new system will be fairer on those who occasionally miss…
British SME’s Face Extra £180m In Brexit Red Tape
British SME’s Face Extra £180m In Brexit Red Tape New EU VAT Rules For British SME’s New EU VAT rules that will come into effect on 1 July 2021 will see many small businesses across the UK having to fork out in order to stay compliant. These rules were originally imposed in an effort to…
4 Reasons Why It’s Time To Hire an Accountant For Your Small Business
4 Reasons Why It’s Time To Hire an Accountant For Your Small Business Accountants For Small Business Saving You Time and Money Whether you are currently running a small business, or about to start a new business, time and money is of the essence. This is most likely why the majority of small businesses and…
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