Category Archives: Blog

UK Spring Budget 2024: Key announcements for landlords and small businesses

8 min read The UK Spring Budget 2024 was announced on 6 March and featured various plans for government spending and forecasts on the state of our economy.   Several of the new budget announcements significantly affect the property sector, such as the removal of tax advantages for holiday lettings and reductions to National Insurance […]

How will Making Tax Digital for VAT impact my eCommerce business?

Banner Image-How will Making Tax Digital for VAT impact my eCommerce business?

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 […]

How landlord accountants can help you survive the UK’s mortgage mayhem

Banner image- How landlord accountants can help you survive the UK's mortgage mayhem

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 […]

Why UK businesses need to prepare financial statements

Banner- Why UK businesses need to prepare financial statements

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 […]

How to make cash flow management a breeze for your small business

Banner image- How to make cash flow management a breeze for your small business

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 […]

The negative consequences of not declaring rental income


There are thousands of landlords in the UK, owning and renting out second properties. The majority of these landlords declare their income and pay taxes on the profits on their tax returns because they know the consequences of not declaring rental income.    But what do you do if you have rental income that you […]

How full financial support helped Subvision Surveys propel from side hustle to £1.2 million in turnover in seven years

Subvision Surveys

When we first met Jim, Subvision was a growing side hustle, turning over £40,000 as a result of weekend and evening work. At the time, the business was being run solely by Jim with the support of Subcontractor Keith – now a partner in the business.   Most business owners in the early stages will […]

What is the Domestic Reverse Charge and how does it affect my construction business?


You may have already heard about the Domestic VAT Reverse Charge that came into effect from 1st March 2021. This is a change in the way contractors and subcontractors in the construction industry will account for VAT, specifically aimed at VAT registered businesses working under the Construction Industry Scheme.    These changes can often feel […]

I deferred VAT payments due to Covid 19, how and when do I have to make payment?


Many business owners took advantage of the opportunity to defer VAT in 2020 as a result of the Government’s Covid-19 business relief. While we’re not out of the woods with lockdown just yet, it helps to know when you are required to make repayments, and how you can go about doing that. The good news […]

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