Duo of new starters as FFT invests in key skills
Manchester accountancy firm, FFT, has welcomed onboard two Audit and Accounts Trainees – making a significant investment in its talented team and its potential for growth.
HMRC updates bank details for tax payments – What businesses need to know
Keeping up with tax payments is something every business owner knows is important. On that note, HM Revenue & Customs (HMRC) has recently updated its payment details for certain tax regimes. Bank transfers remain one of the easiest ways for businesses to pay taxes. Businesses must use the correct payment information and understand the payment…Read More
Keeping up with tax payments is something every business owner knows is important.
On that note, HM Revenue & Customs (HMRC) has recently updated its payment details for certain tax regimes. Bank transfers remain one of the easiest ways for businesses to pay taxes. Businesses must use the correct payment information and understand the payment processing times to ensure HMRC receives payments promptly. HMRC’s new bank details The…Read More
How to effectively manage business expenses and improve profitability
Effective expense management is key to driving profitability in any business. Whether you’re a small start-up or an established company, keeping a close eye on costs can be the difference between thriving and just surviving. Here are some practical strategies to help you manage your business expenses to improve your profitability. Track consistently and review…Read More
Is setting up a limited company as a freelancer the right move for you?
If you’re enjoying the freedom and flexibility that comes with freelancing, you might be wondering if it’s time to take the next step and set up a limited company. It’s a big decision, but it could be just what you need to unlock new opportunities and benefits. Let’s look at some of the reasons this…Read More
Changes to personal tax? – FFT looks at what the Budget could mean for you
As the Autumn Budget approaches, many are wondering how potential changes could impact their personal finances. From Capital Gains Tax to pensions, the Budget may bring about changes in the way individuals manage their wealth and plan for the future. Let’s take a look at some of the taxes that have been mooted for upheaval…Read More
Gifts out of surplus income – A smart way to reduce Inheritance Tax
Making financial gifts during your lifetime is a thoughtful way to provide for your loved ones while also reducing your estate’s exposure to Inheritance Tax (IHT). One often overlooked but effective approach is using surplus income to make these gifts. Over time, this can help lower the value of your estate, easing the potential IHT…Read More
Reminder – The deadline to register for Self-Assessment is approaching
When you’re self-employed, keeping track of essential dates and deadlines can be challenging. One crucial date to remember is 5 October 2024, which is the deadline to register for Self-Assessment. If you started working as a self-employed individual on or after 6 April 2023, you must register with HM Revenue & Customs (HMRC) by this…Read More
Repeal of furnished holiday lettings tax regime – Last chance for capital allowance claims
The furnished holiday lettings (FHL) tax regime is set to be scrapped from April 2025, with draft legislation already on the table. If you own a holiday home, now is the time to get familiar with these forthcoming changes and consider how they could impact your tax liability. From April 2025, the tax incentives associated…Read More
Why your business needs to prioritise sustainable practices now
While we’ve made meaningful progress in the global energy transition, the pace is still too slow. The charity Accounting for Sustainability (A4S) and Aviva Investors have sounded the alarm in their new report, Accelerating the Transition: Assessing Progress and Driving Action. Despite the shift from voluntary to mandatory sustainability reporting, emissions continue to rise. Scientists…Read More
Why integrating ESG into your reports helps you grow your business
Your environmental, social and governance (ESG) strategy might just pave the way to growth for your business. ESG initiatives are increasingly important for businesses in terms of client values and acting ethically. However, tracking and reporting on ESG objectives may also be the key to achieving efficiency and optimised business performance – crucial drivers of…Read More
Facing a skills shortage? Here’s how to solve it
Having the right team that aligns with your goals and values is key to the success of your business. However, many sectors are currently facing a skills and staffing shortage. Government data shows that over one-third of vacancies were skills-shortage related, with around a quarter of all employers having at least one vacancy within their…Read More
Cryptoasset disposals under scrutiny from HMRC
HMRC has begun to issue ‘nudge letters’ to cryptoasset owners who may have underpaid tax when selling their assets, urging them to amend or submit a tax return. In this rapidly evolving sector, asset holders are not always clear on what income or profit generates a tax liability. This follows the introduction of CARF…Read More
What if the Chancellor increases Capital Gains Tax? A look ahead to the Budget
As we approach the Autumn Budget on 30 October, speculation is rife about potential changes that could impact taxpayers across the UK. Over the coming weeks, this series of blogs will look at areas of tax that might be affected by the Budget, and the ‘what ifs’ that surround them. Today, we look at Capital…Read More
How to protect your business from HMRC-related scams
We’ve all become increasingly savvy when it comes to identifying scams, yet this hasn’t deterred fraudsters, who are finding new ways and schemes to trick businesses into parting with their hard-earned profits. A recent warning from HM Revenue & Customs (HMRC) has highlighted a particularly concerning scam, where fraudsters are sending letters that appear to…Read More
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