Category Archive Business Advice

Getting ready for your financial audit

June 6, 2024 Comments Off on Getting ready for your financial audit By Joshua Leigh & Co

Facing your first financial audit can be intimidating, yet it is an essential task for many businesses.

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What should you avoid when transitioning to Making Tax Digital for Income Tax Self-Assessment?

May 30, 2024 Comments Off on What should you avoid when transitioning to Making Tax Digital for Income Tax Self-Assessment? By Joshua Leigh & Co

From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords.

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Is incorporation still the way to go for solid financial planning?

May 22, 2024 Comments Off on Is incorporation still the way to go for solid financial planning? By Joshua Leigh & Co

From a tax planning perspective, incorporation of a business into a limited company has long been considered the gold standard in business development and growth – but is this still the right move?

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Streamlining your payroll set-up with employment and tax records

May 21, 2024 Comments Off on Streamlining your payroll set-up with employment and tax records By Joshua Leigh & Co

When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the right checks and set them up in your payroll system!

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Starting a seasonal business? Here is what you need to know

May 16, 2024 Comments Off on Starting a seasonal business? Here is what you need to know By Joshua Leigh & Co

Are you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own set of unique challenges and opportunities.

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Earning between £100,000 and £150,000? Your tax return is changing

May 15, 2024 Comments Off on Earning between £100,000 and £150,000? Your tax return is changing By Joshua Leigh & Co

If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.

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Furnished residential lets vs Furnished Holiday Lets – The tax situation

May 14, 2024 Comments Off on Furnished residential lets vs Furnished Holiday Lets – The tax situation By Joshua Leigh & Co

If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.

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How SMEs can benefit from £6.4 million AI training fund

May 9, 2024 Comments Off on How SMEs can benefit from £6.4 million AI training fund By Joshua Leigh & Co

The Department for Science, Innovation and Technology (DSIT) has recently introduced a vital initiative targeted at small and medium-sized enterprises (SMEs) in the Professional Business Services sector.

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Changing your VAT details? Remain vigilant over latest fraud activity

May 7, 2024 Comments Off on Changing your VAT details? Remain vigilant over latest fraud activity By Joshua Leigh & Co

HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484.

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Is it time to scale up your start-up?

May 2, 2024 Comments Off on Is it time to scale up your start-up? By Joshua Leigh & Co

Scaling your start-up is a crucial decision for business owners, as it can directly impact the business’s long-term success.

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