The Spring Budget Statement for 2023 builds on the stability created by last year’s announcements. It focuses on working towards achieving three of the five pledges made by UK Prime Minister Rishi Sunak: halving inflation, reducing debt, and growing the economy. The government aims to influence society through tax and financial systems, particularly by […]
Author Archives: Team Golding
19
Feb
Feb
Starting from November 2022, all VAT-registered businesses have had to file VAT returns through the Making Tax Digital for VAT portal introduced by HMRC. Yet, many companies, especially eCommerce stores, continue to be unaware of how this works or how to transition from their old online VAT accounts, which opens them up to the risk […]
19
Feb
Feb
As the owner of a limited company, there are certain laws you must follow regarding your books of accounts. And in theory, it is perfectly possible to handle those books yourself as long as you are aware of the laws and the relevant deadlines. However, in practice, it is almost always easier and more […]
30
Jan
Jan
Homeowners and landlords in the UK are facing increased mortgage rates for the first time in a long while, as the Bank of England upped its base rate to curb inflation. Interest rates are expected to keep rising, which will increase monthly mortgage payment brackets and could significantly affect the housing economy. But why exactly […]
15
Jan
Jan
Financial statements are an important part of running a business in any part of the world, and the UK is no exception. They provide insight into the financial health of a company and are used by the leadership, investors, lenders, and other stakeholders for decision-making purposes. Why is it important to understand the financial aspect […]
30
Dec
Dec
The phrase “cash is king” is a colloquial expression you may have heard a million times! It suggests that having cash on hand is more valuable than other assets, such as property or investments. And yes, “cash is king” for sure for small businesses who can struggle to generate revenue and maintain a positive […]
28
Dec
Dec
Today, businesses rely on accounting software to keep track of their finances, anticipate sales, and manage inventory, rather than paper ledgers or Excel sheets. The technology offers several benefits, including reducing the risk of human error, providing access to critical data, and offering the ability to automate payroll and tax compliance. However, choosing the best […]
30
Nov
Nov
When the word ‘landlord’ is mentioned, one might imagine a wealthy individual with large property portfolios across the UK. However, of the 2.6 million landlords in the UK, only 18% rent out five or more properties, 39% rent out between two and four, while the majority – 43% – rent out just one. Quite […]
23
Nov
Nov
Regarding retail, eCommerce is here to stay, and this trend will not change anytime soon. Data shows that the annual e-retail sales are worth $4.2 trillion worldwide, and the 2022 Worldpay Global Payments Report indicates that the UK eCommerce market will go up by 26% from 2021 to 2025 – which is fantastic! Setting […]
17
Nov
Nov
Today, the Chancellor of the Exchequer, Jeremy Hunt outlined a series of sweeping measures to include tax changes and hidden tax increases, and cuts to Government spending. We highlight the main points below which will affect us all, and if you have any specific questions about these matters, please do not hesitate to contact […]
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Or, email us at info@wearegolding.com
Or, email us at info@wearegolding.com
