Cashflow is the total money going in and out of a business in a certain period. What is a cashflow forecast? A cashflow forecast is the plan for the total money going in and out of a business in a certain period. It is really useful to know what should be in your bank at […]
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I was going to dive right into whether you need to register or not and then I thought I would just have a quick digress. It can get confusing with terminology. Self-assessment, personal tax, tax return, income tax – it all means the same. 😊 Why there are so many different terms to confuse you
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Following on from last week’s blog with the top reasons why you should complete your tax return before the summer. Read it here if you missed it. Why you should complete your tax return before July | Spring Accountancy (springaccountancyservices.co.uk) I thought it would be a great help if I provided you with a checklist
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As we have passed the 5 April 2023, you can now complete the personal tax return for the period 6 April 2022 to 5 April 2023. Yes, I know, this isn’t due until 31 January 2024! That’s ages away – plenty of time to put it off, bury your head in the sand or clean
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We are now in the tax year 23/24 so what does this mean for you, your business and taxes? FACTS The tax year runs from 6 April 2023 to 5 April 2024 usually referred to as 2023/24 tax year. The self-assessment tax return including all incoming sources in this period must be submitted by 31
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As a Small business owner, you are juggling everything and there are so many hats to wear, so many things to know, that you are bound to trip up somewhere and drop a ball. Wouldn’t it be great to have a crystal ball and skip some of those mistakes? Well, unfortunately I don’t have one
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What is in the Spring Budget 2023 for small business owners? The Spring Budget 2023 was announced last week, 15th March 2023, Jeremy Hunt had previously said it would be a light budget and he wasn’t wrong. There wasn’t a great deal for Small Business Owners and whilst Jeremy Hunt commented is was focusing on
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What to consider before the end of the tax year – Pre Year-End Tax Planning The current tax year is 2022/23 and this finishes on 5 April 2023. As the end of the tax year approaches, as a small business owner you should really be thinking about your financials for the year and any last
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Managing Your Taxes Maybe you find dealing with the UK tax system daunting or gives you anxiety or maybe you just have no idea where to start. With only a few weeks until the new tax year on 6 April 2023 here’s some top tips to help you manage your taxes; 1) Be organised Make
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Z is for Zeal, Zest & Zing I didn’t want to Zap the life advising on Zero rated VAT, Or reduce you to zombies on calculating your z-score Or for you to zone out listening to zero-based budgeting. The three Z’s important attributes to get a business up and on the path to zillions are:
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