Blog

Discover the latest news and all things tax at our All Numbers blog.

January 10, 2024 in General

Setting goals for you and your business in 2024

The dawn of a new year marks a fresh beginning for businesses, prompting business owners to reflect on their current status and contemplate the goals they wish to achieve in…
Read More
December 20, 2023 in General

Navigating the VAT Domestic Reverse Charge: A Guide for Construction Businesses

The landscape of Value Added Tax (VAT) underwent a seismic shift in March 2021 with the implementation of the VAT domestic reverse charge in the UK's construction industry. This transformative…
Read More
December 13, 2023 in General

Holiday Cash Flow for Your Small Business

The holiday season, while a time for joy and relaxation, can pose challenges for small businesses. Regular expenses persist, and when debtors take their holiday breaks, your cash flow may…
Read More
December 6, 2023 in General

Are Employee Parties Tax-Free?

Organising staff events, whether it's an end-of-year celebration, a summer barbecue, or a remote team gathering, not only fosters team spirit but also comes with potential tax benefits for employers.…
Read More
November 29, 2023 in General

The Strategic Impact of Budgeting on Business Financial Decision-Making

In the dynamic landscape of business, where economic conditions are subject to constant change, having a well-defined budget is crucial for effective financial decision-making. A business budget serves as a…
Read More
November 24, 2023 in General

An In-Depth Analysis of the Autumn Statement 2023

The Autumn Statement 2023 arrived amid shifting economic landscapes, marked by a surprising dip in inflation and revised growth forecasts. This article delves into the key points unveiled during this…
Read More
November 22, 2023 in General

A Guide to Crafting an Effective Business Plan

In the intricate world of business, a well-crafted business plan serves as the guiding sat-nav, steering a company in the right direction toward success. This indispensable document not only provides…
Read More
November 15, 2023 in General

Plain English guide to profit and loss

Understanding the intricacies of financial statements is crucial for any business owner. Among these, the Profit and Loss statement, commonly known as the P&L, serves as a vital tool in…
Read More
November 8, 2023 in General

Company Year-End Preparations: A Comprehensive Guide to Ensure a Smooth Transition

As the year-end date for your company approaches, it's essential to start planning for various administrative and financial tasks to ensure a well-organised and hassle-free transition. Year-end preparations are crucial…
Read More
November 1, 2023 in General

Embracing Digital Transformation: Your Comprehensive Guide to Cloud Accounting

In today's fast-paced business landscape, staying competitive and efficient is paramount. One way to achieve this is by adopting cloud accounting, a revolutionary approach that simplifies financial management for businesses.…
Read More
October 25, 2023 in General

What to look out for when buying a business

Entering the world of entrepreneurship or expanding your existing business empire can be an exciting endeavour, especially when you're considering the acquisition of an established company. However, purchasing a business…
Read More
October 18, 2023 in General

Strategies for Small Businesses to Thrive and Compete Against Industry Giants

In an era dominated by large, multinational chains, small businesses often find themselves tangled in competition. The economic landscape, especially during challenging times, can be unforgiving for these local enterprises.…
Read More
September 25, 2023 in General

Plain English guide to depreciation

You may have heard your accountant, or simply another business owner, mention deprecation. It’s a term that is thrown around a fair amount in the accountancy world, but do you…
Read More
September 22, 2023 in General

5 ways to overcome economic uncertainty

Every business owner, no matter what industry you are in, will have the ongoing worry about the uncertainty of the economy. This is not a new worry, there will always…
Read More
September 19, 2023 in General

Plain English guide to cashflow

Why is Cashflow Essential for Good Financial Planning and Management? In our plain English guide, we explain the basics of cashflow and why it is so important. What is a…
Read More
September 18, 2023 in General

Getting in control of your inventory – to unlock efficiency and cashflow

Efficient Stock Management for Manufacturing and Product-Based Industries If you’re in the manufacturing and a product-based industry, efficiently managing your stock is a huge part of running a smooth and…
Read More
September 15, 2023 in General

Plain English guide to corporation tax

Getting to grips with your corporation tax can be a challenge, especially with the changes that can come through year on year. Our plain English guide to corporation tax aims…
Read More
September 13, 2023 in General

Understanding Your Profit and Loss Statement

You may have seen your profit and loss statement (P&L), sometimes called an income statement, but do you know how to gain the most out of it? In essence, your…
Read More
September 11, 2023 in accounting

New R&D Tax Relief Rules

Are you looking to claim research & development (R&D) tax relief? If so, you will need to be aware of the new requirements that have been in place since last…
Read More
September 6, 2023 in General

How running a lean business model improves your cashflow and efficiency

Business Model A lean business model is designed to eliminate waste in as many areas of your business as possible, with an emphasis on the operational and production stages. This…
Read More
September 4, 2023 in General

VAT for Businesses

Most people have heard of value-added tax, or VAT, but how much do you actually know about it? In this plain English guide, we’ll give you a simple run-down of…
Read More
September 1, 2023 in General

Cloud-based Timesheets

As technology evolves, so does the way that we can use it for business, and it becomes more affordable for small businesses. Time tracking and scheduling are key parts of…
Read More
August 30, 2023 in General

Tax Impact of using Company Car

When you get use of a company car it’s a great perk of any job, but are you aware of the tax consequences of having a company car? There are…
Read More
August 18, 2023 in General

Charging interest on a Directors’ Loan Account

When you’re a director of a business it will be very likely that at times you will borrow money from your company or inject your own cash in the business.…
Read More
August 16, 2023 in General

Can ChatGPT replace your marketing team?

With all the advances of AI in recent years there are now natural language processing tools, such as ChatGPT, that can be used to create AI content. The question that…
Read More
August 14, 2023 in General

Proving your ongoing business viability through 5 financial reports

Whether you’re looking for new investors, applying for a government subsidy or taking a business loan you will need to be able to show that your business is viable and…
Read More
August 3, 2023 in Business Advice

5 questions to ask if you are buying a business

Are you looking to buy a business? A great way to expand your business empire is to purchase an existing company, either through buying out a close competitor or just…
Read More
August 2, 2023 in hmrc

HMRC new online tool

HMRC has recently launched a new online tool to help you better understand your tax code and how it is broken down. It’s a straightforward tool that only requires a…
Read More
July 31, 2023 in marketing

5 top lead magnets for your marketing

Every business needs effective marketing strategies to bring revenue and help grow the business, but is this the most effective? We’ve listed below what we consider to be the top…
Read More
July 24, 2023 in hmrc

Spreading your tax costs with Time To Pay

Everyone likes to make sure all their taxes are paid on time, and while HMRC also expects this they do understand that sometimes you just aren’t able to. This could…
Read More
July 21, 2023 in General

Humour – increase your bottom line

Everyone wants to be taken seriously in business, but sometimes it’s just as important to make your customers laugh! Over 90% of customers prefer companies to have a sense of…
Read More
July 19, 2023 in General

Rules around buying company assets

There may come a time where you want to purchase an asset from your company, or borrow a piece of equipment for personal use, but before you do you will…
Read More
July 14, 2023 in General

How to avoid business jargon in your writing

A key part of business is effective communication, but when it comes to writing emails or general communication with customers, it's difficult to get your point across without using too…
Read More
July 12, 2023 in General

Difference between statutory and management accounts

Statutory Accounts These accounts are a legal requirement for all limited companies or partnerships and must be completed every year. Usually, these accounts contain a profit and loss (a breakdown…
Read More
July 10, 2023 in hmrc

HMRC Diary deadline dates

Whether it’s accounting, tax or compliance deadlines we are here to help make sure you never miss a beat. We’ve listed below a few deadlines that are coming up and…
Read More
June 28, 2023 in General

5 challenges for small businesses – and how to beat them!

While it is rewarding as an entrepreneur to start a new business and see it grow it can also be difficult, and the process isn’t always as smooth as you…
Read More
June 26, 2023 in General

MTD scheme five times over initial budget

making tax digital The Chartered Institute of Taxation (CIOT) has criticised HMRC’s new Making Tax Digital system after a report from National Audit Office (NAO) has stated that MTD project…
Read More
June 22, 2023 in tax

When should I register my business for VAT?

VAT for a new business When starting out as a new business there are a list of things that you need to do, one of the first you will need…
Read More
June 15, 2023 in General

Deadline to catch up on NI contributions

NI Contributions - Deadline Having any gaps in your national insurance (NI) contributions can have an impact on your state pension entitlement, without enough qualifying years you may not be…
Read More
June 15, 2023 in General

HMRC online application for time to pay arrangement launched

If you are looking to set up a time to pay to arrange for your VAT liability HMRC has launched a new online application to smooth the process out. You…
Read More
June 12, 2023 in General

Capital Gains Exposure

Are you looking to sell your buy to let property soon? If so, we have a few tips on how to reduce your capital gains exposure. Gifting to a Spouse…
Read More
May 31, 2023 in General

Should you move your rental properties into a limited company

When you first start to build and increase your property portfolio you may decide to purchase these properties under your own name, or your spouses. While this does keep everything…
Read More
May 30, 2023 in General

10 ways to improve business performance

Are you looking for ways to improve your business performance or free up more time? Here are 10 simple ways that can help. Remove distractions: time is one of the…
Read More
May 19, 2023 in General

Withholding SSP

are you able to withhold Statutory sick pay? In short the answer is ‘no’ you cannot hold statutory sick pay (SSP) from an employee, but there are a few rules…
Read More
May 19, 2023 in General

When is a car not available for private use?

Don’t fall in the trap of private use of company cars Whenever a company car is ‘available’ for private use by any employee (including directors), their family or household a…
Read More
May 15, 2023 in hmrc

HMRC services disrupted by strikes

Severe delays in contacting HMRC are expected over the next few weeks. Dates affected: May – 15, 16, 17, 18, 19, 22, 23, 24, 25, 26, 29, 30, 31 June…
Read More
May 12, 2023 in General

What is Making Tax Digital for Income Tax Self-Assessment?

HMRC are changing how you need to submit tax returns, with new Making Tax Digital for Income Self-Assessment (MTD for ITSA) coming in from 6 April 2026. Coming with this…
Read More
May 9, 2023 in General

Home-working expenses for your home office

With more of us having the ability to work from home make sure you are claiming the correct expenses back in your business. If your home office is your main…
Read More
May 5, 2023 in General

Expenses for Staff parties & Social events

It's reaching that time of year where you might be considering a summer barbecue or party for your staff for team building or just to say thank you for all…
Read More
May 3, 2023 in General

Business mileage and travel costs

Should you use your personal vehicle for business purposes you can claim the travel cost against your profit for the year. HMRC allows two different methods for working out your…
Read More
April 27, 2023 in General

Offsetting Your Pension Contributions

Are you looking to try to reduce your corporation tax costs? A key area to think about is making pension contributions through the company as a director, as these contributions…
Read More
April 24, 2023 in General

NIC Employment Allowance

National Insurance Contributions The National Insurance Contribution (NIC) employment allowance allows employers to claim a reduction against their NIC paid across to HMRC for each tax year. The amount that…
Read More
March 24, 2023 in General

Your Q2 2022 deadlines for the diary

We want to keep you up to date with the latest dates and deadlines for your business diary. Deadlines and cut-off points for Q2 of 2023.NOTE: If your company’s accounting…
Read More
March 16, 2023 in hmrc

UK Spring Budget 2023 – the key points for business owners

The 15th March 2023 Spring Budget was labelled as a "budget for growth" but has been described as underwhelming. Growth forecast In 2023, it’s now predicted that the UK will…
Read More
February 24, 2023 in News

UK corporation Tax Changes

On 1 April 2023 the corporation tax rate changes to a variable rate of between 19% and 25% depending on the profits made by your business meaning a possible change…
Read More
December 22, 2022 in hmrc

MTD (Making Tax Digital) for ITSA (Income Tax Self-Assessment) has been delayed until 2026

HMRC have recently announced that Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) has been delayed until 2026. Originally the roll-out was due to begin in April 2024,…
Read More
November 21, 2022 in General

A SUMMARY OF THE UK’S AUTUMN BUDGET

The UK economy has been negatively impacted due to a combination of factors such as the Ukraine-Russia War and the pandemic. With almost £30 billion in spending cuts and nearly…
Read More
November 15, 2022 in Business Advice

How to reduce business outgoings

Setting business goals and reducing your overall budget All companies want to avoid overpaying. While trying to reduce expenses, it's crucial to maintain a high standard of customer service. The…
Read More
October 25, 2022 in Business Advice, tax

Keeping track of your business expenses

Keeping track of your business expenses If you have the correct tools, tracking business costs is a lot less painful. These tips will assist in establishing everyday business cost tracking…
Read More
October 17, 2022 in Business Advice

The slow in demand could drive up your revenue

The slow in demand could drive up your revenue Even if a company's goods or services are of high quality, a slowing economy might lead to fewer sales. When this…
Read More
October 11, 2022 in hmrc

The Construction Industry Scheme

What is the CIS? The aim of the Construction Industry Scheme is to stop self-employed subcontractors from evading taxes. Construction companies have been able to hire full-time personnel as self-employed…
Read More
October 7, 2022 in tax

The tax benefits of Electric company cars

Electric Company Car & the Tax benefit The majority of company car users are aware that using the vehicle for any kind of personal use would result in a hefty…
Read More
September 26, 2022 in finances

The benefits of a good credit score

The benefits of a good credit score The modern day to day economy is credit-based. You will require a lender to issue you a line of credit if you want…
Read More
September 23, 2022 in General, News

The Mini-budget and how it will affect the general public

Mini-budget and how it will affect you As chancellor, Rishi Sunak promised to lower the basic rate of income tax by one penny per pound by the conclusion of the…
Read More
September 23, 2022 in News, tax

National Insurance changes and how it will affect you

National Insurance changes and how it will affect you The rise in national insurance changes that took effect in April will be overturned starting on November 6th, according to the…
Read More
September 20, 2022 in Business Advice

Starting my own business

Why I should start my own business In this day and age, many people have reported being extremely unhappy with their current occupation. Every day, hundreds if not thousands of…
Read More
September 16, 2022 in finances, tax

THE ENERGY CRISIS AND TAX ERA

TAXES AND THE ENERGY CRISIS Energy prices are a major concern for everyone, including families, organisations, and consumers. There is discussion of a "freeze" on energy bills as of this…
Read More
August 31, 2022 in Business Advice

Starting a business in a recession

Starting a business in a recession A recession is approaching, as evidenced by rising inflation, budget cuts, and rising living expenses. The UK economy is expected to expand at such…
Read More
August 23, 2022 in finances

Getting your finances in order

Getting your finances in order Nothing feels better than having control over your finances. In this blog we will be explaining different ways that These ideas can help to assist…
Read More
August 19, 2022 in accounting, finances

Accountant for Influencers

Accountant for Influencers In order to maximise your opportunities for digital business success as an influencer, you must be proficient in managing your accounts and finances. Your bookkeeping will be…
Read More
August 9, 2022 in banking

How to open a business bank account – and how to use one.

How to open a business bank account - and how to use one. What is a Business Account? Owners of businesses or sole sole traders utilise a business account to…
Read More
July 26, 2022 in finances

Starter guide to Investing

Starter Guide to Investing Investing is about putting your money to work, personally beating inflation and hopefully, earning some additional returns. Investors attempt to make their money grow more effectively…
Read More
July 20, 2022 in Business Advice

The Difference between a Sole Trader and a Limited Company

The Difference between a Sole Trader and a Limited Company Between sole traders and limited companies, there are a variety of characteristics, including taxes and financial security. But have you…
Read More
July 14, 2022 in General

The Pros and Cons of Remote Working

Pros and Cons of Remote Working Many businesses across the world are planning to go entirely remote in an attempt to provide their employees a better work-life balance and cut…
Read More
July 5, 2022 in Business Advice

how to reduce your business energy bills

How to reduce your business energy bills There are several methods to save power in a workplace, and some of them only require minor adjustments in employee conduct. Frequently, just…
Read More
June 21, 2022 in tax

Checking my Tax Code

Checking my Tax Code Tax codes are essential to the PAYE system's functionality. The tax code indicates an employee's allowances or 'tax-free pay', if the code is a K-code, or…
Read More
June 20, 2022 in Business Advice

Becoming a Contractor in 2022

Becoming a Contractor in 2022 It's reasonable to assume that if you're reading this, you're either thinking about becoming a contractor or have already taken the plunge. In either regard,…
Read More
June 14, 2022 in Business Advice

Setting up a Limited Company

Setting up a Limited Company Being a business owner, you may hope to understand more about the limited company legislation. A limited company's legal status is differentiated from that of…
Read More
June 11, 2022 in Business Advice

Is it worth trademarking your business?

Trademark registration has numerous advantages that should not be disregarded. If you’re starting a limited company, trademarking can help you to protect your brand and name, giving you peace of…
Read More

Contact Us

Finance House, 20-21 Aviation Way, Southend-on-Sea, Essex, SS2 6UN

If you want to save money, time and stress. Reach out to us today.

Call us on 01702 837450
Email us at info@allnumbers.co.uk

Loading