Making Tax Digital: Welcome Change or Worrying Burden?
The government’s Making Tax Digital plan was first touched upon during Budget 2015, then again in December of last year when they launched the ‘Making Tax Digital Roadmap’ in an effort to explain how their plan to turn HM Revenue and Customs (HMRC) into one of the most “digitally-advanced tax administrations in the world by 2020,” would be achieved.
But the question remains, despite all of the…
Working with an Accountant Specialising in Tech Startups, The Benefits
Technology startups are taking over the world, and here at TaxAgility we believe this can only be a good thing!
The innovation coming out of tech startups, both here in the UK and around the world, is astounding, and it’s only going to continue. We’ve been working with tech startups for several years now, and in that time we’ve been blown away by the quality of operations we have experienced…
The Benefits of Working with an Accountant Specialising in Dentists
The dental industry is constantly changing and evolving. Far from being an old-fashioned institution, dentistry continues to change both internally and externally, with dentists running their own dental practice having more responsibility than ever before.
Here at TaxAgility we know the pressures that are being placed on dentists just like you, and we know just how often these pressures are…
The Benefits of Working with an Accountant Specialising in Property Owners
Property owners (both residential and commercial) and estate agents know that there’s an enormous number of different financial areas to consider when buying, selling, or renting out property.
From having to contact HM Revenue and Customs (HMRC) to let them know you’ll be receiving rental income, to knowing what business rates you or your tenants will have to pay when moving into a new…
The Benefits of Working with an Accountant Specialising in Hospitality
If you’re an owner or manager of a business operating in the hospitality industry (you operate a hotel or restaurant), you’ve probably heard all of this before.
Running a hotel or restaurant is no easy task. The trials and tribulations of running a successful hospitality business are frequent and numerous, and that’s before you even consider the notion of trying to forge a profit.
Given this…
The Benefits of Working with an Accountant Specialising in Doctors and Healthcare
Would you call up a surgeon when your child gets a nasty cold? Or indeed, would you expect your child’s paediatrician to be able to operate on you at the drop of a hat?
The answer to both of those questions (we hope!) is a solid no, which is why here at TaxAgility we think it’s so important that as a doctor or healthcare professional your accounts are being taken care of by a professional…
The Benefits of Working with an Accountant Specialising in Solicitors
There’s a common, misguided believe among people who are otherwise unaware that solicitors and lawyers should have a hand in all forms of money management, both when it comes to the finances of their clients and their own personal wealth and tax allowances.
This is simply not the case. Though it’s indeed true that many solicitors and lawyers could see to their own accounts should they so wish,…
Preparing SME Accounts for Your Accountant
If you’re a small or medium-sized business (SME) owner looking to prepare your accounts for an accountant, there are a number of things you can do to ensure our experienced accountants here at TaxAgility can work through them faster and you don’t lose out on anything you may be owed.
Before we move on to the main points below, we can’t overstate enough the importance of you keeping good,…
SME Taxes You Should Know About
If you’re a small or medium-sized business (SME) owner there are a few taxes that you should know about in order to stay on top of what you owe.
Though not all of the below taxes will apply to your current tax situation, it’s helpful to be aware of all that may show up during the lifespan of your business to make sure you’re not taken by surprise. If you’re not yet working with an accountant you…
Financial Forecasts for Your SME
As a small or medium-sized business (SME) owner, it’s essential that you create financial forecasts for your business so to ensure you have a firm grasp of how your business is performing financially, and thus you are better placed to make business decisions going forward.
There are many types of financial forecasts that you could choose to employ; with the three most significant for SME owners…