Posts by Spartan

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 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 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 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 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 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 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 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 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 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…