Charlie Roe

What are the Penalties for Filing Taxes Late & How to Avoid Them

We’ve all been there. Christmas is over and the New Year has just begun… Unfortunately that means the clock really is ticking for you to get your self assessment tax return submitted. Nearly four million of the 10.2 million people in Britain required to fill in a self assessment tax return have not yet sent…

Purchasing a Business: Using Business Acquisition To Achieve Growth

Business Acquisition and Growth If you are looking to grow and develop your business, one of the fastest ways to do so is via the acquisition or purchase of an existing business. Business acquisitions require extensive experience and a thorough understanding of the process, including obtaining financing and conducting due diligence, but can be a…

What Are Management Accounts? Could Your Business Benefit from Them?

Management accounts differ from a regular set of accounts in that they provide up-to-date financial data as and when you need it, rather than once a year in your annual accounts. Every limited company must file a set of accounts with companies house following the end of each financial year. This is a statutory requirement,…
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How to Pay Less Tax: Top 5 Ways to Reduce Your Bill

Nobody wants to pay tax; we’d all like to pay as little as possible. Whilst it is our job, as advisors, to ensure our clients are fully compliant and pay only what they need to in tax there are some perfectly legal and legitimate ways you can reduce your tax bill. Pay more into your…
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Tax on Foreign Income UK: Do I Have to Pay?

Understanding if You Have to Pay UK Tax We get asked this question a lot. So often in fact that we decided it’s a subject worth covering in a blog. In most cases, there is a simple answer to this question. If you are not a UK resident, you won’t need to pay tax in…

Do I Need an Accountant? How They Can Save You Money

Many people view paying an accountant as just another outgoing, another necessity that is paid begrudgingly along with utility bills, tax, business rates and the like. This perception is fundamentally wrong as so much of an accountant’s role in small business accounting is geared towards saving businesses money. In most cases, a good accountant will…

When Do You Have to Register For VAT?

VAT (or value-added tax) is a tax imposed on most goods and services in the UK. There are three rates of VAT; standard, reduced and zero-rated. The differences between these rates and their impact on VAT returns are as follows: Goods and services in the UK may fall into one of these 3 different rates…

How to Increase Profitability: 9 Ways To Boost Your Business Profits

Boosting Your Business Profitability In today’s competitive business landscape, achieving and maintaining profitability is more crucial than ever. As a business owner or manager, you’re likely always on the lookout for strategies that can help increase your bottom line and improve your profit margin. This article will delve into nine practical and effective ways to…

Guide To Self Assessment Tax Return

Who needs to file a Self Assessment Tax Return? The self assessment tax return is an annual requirement for people who do not pay their tax automatically through PAYE. Self assessment tax returns are often submitted electronically to HMRC, with the deadline being 31st January following the end of the tax year. Alternatively, if filing…
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The Jaffa Cake VAT Case Explained

Jaffa Cakes: Cake or Biscuit? The age-old debate that was taken to court. Who knew VAT could be interesting? Who would have known that the bounds of confectionery, sweets, chocolates, chocolate biscuits, cakes and biscuits would be taken to court? And why is it so important whether the confectionary in question is a cake or…