News

May 26, 2021

How do I change my accountant?

In the first of a series of question led blog posts, we consider the sometimes-thorny subject of how to change your accountant. Whether its price, quality of work, changing requirements or the odd dispute that causes you to look at changing your accountant, the fact is business owners are now far more willing to move their corporate affairs between firms. Largely spawned by the encouragement to market test or shop around for utilities, insurance and financial products as consumers, the same... read more

Dissolution loophole legislation passes first reading

The Government is working on new legislation to try and stop company Directors using dissolution through strike off as a means of avoiding repayment of liabilities – notably government-backed funding, such as CBILS or Bounce Back Loans. The new law which has had its first reading in Parliament, looks set to become law later this year. Dissolution through strike off Dissolution through strike off is primarily designed as a means for closing down a company that is no longer trading and... read more

Marketing – Small firms most in need of help

As businesses of all sizes seek to recover from the Covid pandemic, research suggests that SMEs in particular need help to market their products and services. In a survey of 500 small business owners, almost half (42%) said that they were not clear on how to market their firm and specifically lacked knowledge and skills around creating online and digital profiles. Digital and web not the obvious choice The survey, which was carried out by marketing platform Adzooma also turned up some... read more

HMRC to reclaim incorrect pandemic support through tax returns

HMRC has announced that self-assessment tax returns for the 2020/21 tax year will contain a question relating to pandemic support as it seeks to recover incorrectly claimed monies. If you are required to complete a self-assessment tax return then you will recently have received a notice reminding you to complete your return for the tax year that ended on 5th April 2021. With the usual deadlines now back in place, your tax return, if submitted online, will need to be filed and paid by the... read more