We are now XERO Payroll certified

We have added to our ever-growing list of certifications by achieving Xero payroll. Xero recommend that payroll users are skilled and knowledgeable in key areas of the software through education and training programmes. We have done them all, which means we are best placed to advise clients on using Xero and managing their business successfully. […]

We’re now Xero certified advisors!

Great news, we are now officially certified advisors for Xero! That means we offer top-level advice about the increasingly popular bookkeeping software. Xero is one of the leading providers of bookkeeping and accounting software, and we are experts in using it to benefit your business. It has a wide and growing list of features and […]

NICs and termination payments

The rules are about to change over terminations following the introduction of The National Insurance Contributions (NICs) Bill in April. The Bill will see the introduction of a new 13.8% Employer Class 1A NIC charge on termination payments and sporting testimonials that are already liable to Income Tax from 6 April 2020. What does this […]

Job-related expenses you can claim against your tax

It is one of the most frequent questions business owners ask us: what can we claim against tax? Put simply, if you are an employee and use your own money to buy things that you need for your job, you may be able to claim tax relief for the associated costs. You can usually only […]

Beware the dangers of filing your paperwork late

If you don’t keep on top of your paperwork, the fines can soon rack up. Late Filing Penalties exist which are designed to encourage companies to file their accounts and reports on time. The penalties were first introduced in 1992 and were significantly increased from February 2009. According to Companies House, all companies, private and […]

Filing deadlines for your company accounts

There is a dizzying array of things to do when it comes to filing. Corporation tax returns, VAT, Annual Return, Self-assessment, the list goes on. So when should you file your company accounts? Put simply, after the end of its financial year, every private limited company must prepare full annual accounts and a company tax return. […]

Self-assessment: Sooner is better than later

Recently we passed the deadline (31 January 2019) for filing 2017-18 self-assessment tax returns. The title of this post being ‘Sooner is better than later’, you know what’s coming! Don’t be like all those people who still leave filing their self-assessment until the last possible moment. By planning early, you can protect yourself from any […]

Introducing N2K SOS

N2K SOS is here to help you quickly and easily. A lot of people come to us not when everything is running smoothly, but when they are in a pickle. They might not have filed a self-assessment for a few years, or are behind in their VAT filing. Perhaps they are panicking because the end […]

Are you ready for digital tax?

Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers. Making Tax Digital for business (MTD) begins on 1 April 2019 with MTD for VAT. From that date, VAT-registered businesses above the threshold of £85,000 will be required to keep digital records […]

Checking your NIC (National Insurance Contribution) records

Ever wondered how you check online how much you are paying in National Insurance Contributions and whether it is correct? HMRC offers an online service via its Government Gateway site. You may well have an account already, but if not, don’t worry, it is easily set up online. Your National Insurance record online will let […]