Author Archives: Karen Levett

Super-deduction for plant & machinery

As announced in the Budget earlier in the year, for expenditure incurred from 01 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant & machinery. Under this super-deduction, for every pound a … Continue reading

Should you turn your hobby into a career ?

Over the years I’ve seen many people decide to take the leap and go self-employed. In fact, experience tells us that periods of economic downturn like we’re undergoing often result in an increase in self-employment.   If you’re toying with … Continue reading

How do I choose the right accounting software for my business ?

Choosing the right accounting software is important for all businesses, but there are two main problems. Firstly, you are an expert in your field of business, not on accounting practices and software. Secondly, you are faced with a huge number … Continue reading

The importance of management accounts

Management accounts are financial statements that contain information like your profit and loss account, a balance sheet, and a cash flow forecast. They are usually produced on a monthly or quarterly basis, but why are they important, and why should … Continue reading

Accounting tips for self-employed

If you are self-employed, or are planning to become self-employed in the near future, one inevitable thing you have to deal with is accounts. This means managing money, keeping records, submitting tax returns, and more.   Your accountant will help … Continue reading

Accountant stereotypes you should ignore !

So, there are a lot of accountancy stereotypes out there. Some are based on mild truths whilst others are just ridiculous. It seems those who view accountancy as a role that wouldn’t be suited to them on a skills level … Continue reading

Getting the most from your accountant

Your accountant can help with many essential tasks in your business, like handling your tax returns or doing your annual accounts. An accountant can be much more than this though – they can be a real asset to your business … Continue reading

Starting up a new business ? Get an accountant now !

As a new business you will probably need to hire an accountant when it is time to prepare your first set of annual accounts and make your first tax return. Hiring an accountant before that would be unthinkable for many … Continue reading

Happy New Tax Year !!!

Happy New Tax Year !!! Yes, the 6th of April has rolled around again, the second new tax year in lockdown. Now is a great time to plan forward for the year, to think about where your business is going, … Continue reading

Tax Year End

The 2020/2021 tax year end is almost upon us so now is a good time to think about whether there is any action you need to take before the 5th of April. For example: Do you need to purchase any … Continue reading