Latest Accounting and Taxation News from IN Accountancy

Limited Companies

Time to Pay Arrangements: A Lifeline for Owner-Managed Businesses

Are You Struggling to Meet Your Tax Obligations?

More than 30,000 UK businesses were involved in some kind of insolvency action in 2023, which was an increase of more than 50% compared with 2021 according to an article in the Guardian earlier this year.

And the economic outlook would suggest that despite the fact that we are no longer in recession, 2024 and 2025 will be a challenging year for UK small business.

With this in mind we have prepared the following guide and associated video to help you understand what your options are with regards to agreeing what is known as a ‘Time to Pay’ arrangement with HMRC.

Read Article »

May 16, 2024

News

Maximising Child Benefit: Understanding the Higher Income Child Benefit Charge

Did you know that changes to the Higher Income Child Benefit Charge (HICBC) could mean more money for your family? So what has changed in

Read Article »

May 7, 2024

Sarah at IN Accountancy sitting on a chair discussing marriage allowance

News

Marriage Allowance – What’s it worth??

Hands up if you have heard talk of Marriage Allowance? 🙋🏽‍♀️ Not exactly a reason to say ‘I do’ but definitely a little gem of

Read Article »

April 8, 2024

Limited Companies

Sole Trader vs. Limited Company: A Freelancer’s Guide (2024)

Which is the best legal entity for a brand new freelancer business? It’s a question we are often asked, sole trader vs limited company, which

Read Article »

January 31, 2024

Limited Companies

VAT Registration Threshold – what’s next?

💷 So, the FSB are in the process of lobbying HMRC to increase the VAT registration threshold to £100,000 It’s been at its current level

Read Article »

January 19, 2024

Limited Companies

Advisory fuel rates from 1 December 2023

Advisory fuel rates are changing from quarter beginning 1 December 2023 for certain vehicles!

The rate for electric cars has been reduced to 9p per mile and hybrid cars are treated as petrol or diesel for these purposes. This reflects the slight decrease to electricity costs over recent months.

Other changes can be found in the main table

Read Article »

December 15, 2023

Limited Companies

Amazon Sellers – top tips to ensure your long term success

Have you ever considered selling on Amazon or eBay, setting up an eCommerce business, or a little side hustle?

If this sounds like you, it seems you are not alone.

More and more people these days are selling online to boost their income, sometimes just for a bit of fun and with no higher plans, and other times in the hopes of turning this so called side hustle into their dream job and their very first foray into entrepreneurship…

We have been receiving lots of enquiries recently about accounts and tax for Amazon sellers, so I’ve recorded a little video outlining our top tips if you are thinking about giving it a go yourself…

Read Article »

October 10, 2023

an image of company director woth the support of an in accountancy accountant applying for employment allowance

News

What is the Employment Allowance and how can it benefit your business?

The Employment Allowance is a government incentive designed to support businesses by reducing their National Insurance Contributions (NICs). It gives employers the opportunity to save

Read Article »

September 18, 2023

an image of a business owner working out the company payroll to avoid late payroll penalty

News

Don’t pay the penalty for missed payroll reporting

It’s easy to overlook the importance of correctly filing payroll reports on time, but it could be more costly than you think if you don’t.

Read Article »

September 4, 2023

Limited Companies

Advisory fuel rates from 1 September 2023

Advisory fuel rates are changing from quarter beginning 1 September 2023 for certain vehicles!

The rate for electric cars will be 10p per mile and hybrid cars are treated as petrol or diesel for these purposes. This further increase reflects the higher electricity costs faces by energy consumers throughout the country…

Read Article »

September 4, 2023

Amazon box to show accountancy solutions for amazon sellers

Small Business Advice

Profit Prime: Accountancy Solutions Tailored For Amazon Sellers

As an Amazon seller, accurate accounting and financial reporting are essential for staying ahead of the competition. However, the task of managing complex accounts can

Read Article »

August 4, 2023