18-Mar-2024

Guidance for small businesses using online services

The National Cyber Security Centre has issued some new guidance on “Using online services safely.” To avoid having to set up and manage their own IT infrastructure, many small businesses use online or cloud services. For instance, these might include email, online storage, online accounting and managing of invoicing, website hosting, and social media. The […]

Read more of this story »

11-Mar-2024

Understanding the pros and cons of the VAT Flat Rate Scheme for businesses

Value Added Tax (VAT) is a significant consideration for businesses. It impacts your cash flow, the amount of admin work needed, and even your overall profitability. One option available to businesses – with a VAT exclusive turnover of £150,000 or less – is the VAT Flat Rate Scheme (FRS), which offers a simplified approach to […]

Read more of this story »

04-Mar-2024

Unlocking efficiency and growth: The benefits of cloud accounting

In business, staying ahead of, or at least up with, the curve is crucial for success. Over recent years, one of the revolutionary tools that has transformed the way businesses manage their finances is cloud accounting. Cloud accounting offers many benefits over traditional, on-premise accounting systems. Let’s discuss some of them. What are the benefits […]

Read more of this story »

20-Feb-2024

How to recognise tax scam phone calls, emails and text messages

HM Revenue and Customs (HMRC) has recently published updated its guidance on how to identify tax scams made by phone, email, or text. It advises that if you receive a phone call, email, or text message that purports to be from HMRC, it is likely to be fake if it: rushes you; is threatening; is […]

Read more of this story »

16-Feb-2024

Year-End Tax Planning: Maximising benefits for your business

We are now within the final two months of the tax year, and for many businesses, the end of the tax year is also the end of the business’s financial year. This can be a good time to review your business tax planning to ensure that you minimise tax. Assessing profit extraction methods Particularly for […]

Read more of this story »

03-Jan-2024

Countdown For 5.7 million People To File Their Tax Return

With less than a month to go to the self-assessment deadline, HM Revenue and Customs (HMRC) is urging nearly 5.7 million customers to file their tax returns for the 2022 to 2023 tax year. HMRC data shows almost 6.5 million customers have already beaten the Self Assessment clock by filing their tax return including 49,317 […]

Read more of this story »

27-Nov-2023

UK Economy Growing Faster Than Expected

Chancellor Jeremy Hunt last week unveiled the government’s tax and spending plans in the Autumn Statement. He began his speech by saying that there were 110 measures to “Help grow the British economy”. Growth is better than expected this year according to the Office for Budget Responsibility (OBR), although they said the impact of the […]

Read more of this story »

18-Oct-2023

Scams warning for 12 million Self Assessment customers

Self Assessment customers are urged to be on the lookout for scam texts, emails and phone calls from fraudsters. This warning comes as HM Revenue and Customs (HMRC) received more than 130,000 reports about tax scams in the 12 months to September 2023, of which 58,000 were offering fake tax rebates. With around 12 million […]

Read more of this story »

14-Sep-2023

Self-Assessment Deadline Looms – Talk To Us Today

Taxpayers who need to submit a tax return for the tax year to April 5th 2023 have less than a month to register for self-assessment. The deadline is October 5th 2023 and people who no longer need to file a tax return should also contact HMRC to have their notice to file withdrawn. The deadline […]

Read more of this story »

10-Aug-2023

Two New Partners for Barter Durgan

Barter Durgan has two new partners – Chelzea Kerr and Emma Zeqo. Chelzea has worked at the firm for 13 years, having initially been at the firm on a summer placement She went on to graduate from university and joined Barter Durgan as a trainee accountant, later qualifying as a Chartered Accountant. Emma has been […]

Read more of this story »