Help to Grow – Digital Scheme (HGDS)
What does the Scheme aim to do? This Government backed scheme enables eligible businesses, across the whole of the UK,
What does the Scheme aim to do? This Government backed scheme enables eligible businesses, across the whole of the UK,
As inflation rises and the cost of living crisis bites, accountancy firms could consider alternatives to pay rises with share
The result of the case The Court of Appeal found in favour of HM Revenue & Customs (HMRC) that certain
What is the aim of the PPT? PPT is an environmental tax designed to provide a financial incentive for businesses
1. LPP What is the aim? To bring the LPP regime in line for both VAT and income tax. When
When employers make an employee redundant and a ‘redundancy payment’ is made, it is easy to make the wrong decisions
Do you control more than one business? Are they VAT registered or about to become VAT registered? Do they not
The Energy Profits Levy A windfall tax will be charged on the profits of oil and gas companies at a
What is a service charge? It is added to the customer’s bill before being presented to them. It could be
Asset finance can be used for purchasing new and used cars, coaches, light and heavy commercial vehicles, plant machinery and
Planning on taking a dividend this year? We’ve got some important advice on how to do this in a tax-efficient
Do you have a remuneration strategy in place? If not, we’ll help you to review your business finances and private
Are you ready to trade in a new country? Here are the important things to get right before you go
Have you achieved the goal you set out to achieve as a new startup? We’ve posed 5 important questions for
If you’ve just moved from being a sole trader to a director, you may get caught out when withdrawing cash
Holiday breaks are a time to re-charge for the year ahead. However, for some business owners, holidays can be a
A crystal ball would be handy in business. Good-quality forecasting can be just as useful, giving you an informed view
Do you know which business expenses are allowable and which are not? We’ve explained the key allowable and disallowable costs,
1. Maximise free government money Whether it’s your pension, your Lifetime ISA or ensuring you claim tax breaks that you
Interested in forming a deep connection with your customers without breaking the bank? Find out how starting a podcast could
You don’t go fishing without checking the forecast, nor should you run your business without an annual forecast! Don’t live
Do you know the rules around dividends? If not, you could be making illegal dividend payments. Talk to us and
Did you know that the IR35 off-payroll working rules are changing? If you’re a contractor, come and talk to us
Are you working exclusively from home? Talk to us and we’ll help you calculate what can (and can’t) be claimed,
Thinking about disposing of your company?
Talk to us and find out if you’re eligible for Business Asset Disposal
Are you aware of the personal taxes you’re liable for as a company director? We’ve got the lowdown on self-assessment
Could you be eligible for the Recovery Loan Scheme (RLS)? We’ll help you gauge your eligibility and provide the financial
How well do you understand your revenue drivers? We can help you review the numbers in your business, identify your
Are you taking on your first employees? Do you know your pay-as-you-earn (PAYE) requirements? We’ll help you set up your
Are you self-employed? Or a partner in a trade partnership? Proposed changes to the accounting period for unincorporated businesses starting
If there’s a manual task in your business that’s taking up time, automate it. Automation removes the manual workload
Are the pressures of business getting on top of you? Now’s the time to switch to a more proactive approach
Is corporation tax causing confusion in your business? We’ve got the lowdown on how corporation tax works and when your
Are you in the dark when it comes to business taxes? We’ve got the lowdown on the key taxes your
Is VAT a mystery to you? We’ve got a simple overview of the basics of VAT, so you know how
Talking about estate planning at an early stage can help to reduce inheritance tax (IHT) costs. We’ll explain the benefits
Are you confident in understanding the financial snapshot of your balance sheet?
Book a session now to analyse your
Do you fully understand the impact of your business activities on your cash flow? Your cash flow statement can give
Are you looking to either scale up or downsize, your business? We’ll help you review your existing business plan, run
Did you know that some capital gains are free of capital gains tax (CGT)? Talk to us to find out
Are you ready to hit your Q3 compliance deadlines? We’ll help you get organised and meet your company and personal
Did you know that P11D forms are due? If you’ve paid benefits in kind to employees during the 2020/21 tax
Do you export goods or services from the UK to the EU? Are you ready for the new VAT One
It’s Annual Accounts review season! We’ll be busy drafting the Annual Accounts for all our clients over the next few
A number of new rules could see an increase in tax burden for many, early payment of tax for some, and
Want to get up to speed with social media marketing using Facebook? We’ve got the lowdown on setting up a
Gone are the days when a business’s sole purpose was to make a profit. While being profitable is important, your
 Making money online is a proven lucrative task, which can offer a plethora of opportunities for financial and personal freedom.
Thinking of employing a family member in your business? Come and talk to us about planning out the right considerations
Do you need to buyback shares from a retiring shareholder? Talk to us. We’ll help you factor in the most
Do you know the difference between a financial and management accountant? If you’re keen to grow, switching to the benefits
Do you have a remuneration strategy in place? If not, we’ll help you to review your business finances and private
Feeling like a slave to your business? It’s your business, you make the rules. No more excuses! What do you
When cashflow dries up, business problems start to multiply – so keep that cash flowing with these five simple strategies.
Making time to look over your financial reports each month is an important task for any business owner. We can
Do you have cash sitting in your business doing nothing? Talk to us about cash planning and making the most
How will the UK vaccination programme impact your employees and your business? We can help you understand the guidance and
There’s always room for improvement at the margin; small tweaks can massively boost your bottom line! How much extra would
Is your business still feeling the impact of Covid? Temporarily trimming what you take from the business will boost your
Want to create the perfect app stack for your business? Come and talk to us. We’ll help you navigate the
Do you know the rules around director’s loans? If you withdraw money from your company other than for salaries or
In today’s world, we are constantly having to tackle new things and learn new skills. It can be overwhelming,… if
If you want to strengthen your capital position, now’s the time to take action and to start thinking about your
Want to achieve your true potential as a business owner? Business coaching helps you review, analyse and enhance your business
A business cash flow forecast will give you vital business intelligence to help you scenario-plan, search for cost-savings and look
Unsure whether you’re accounting for tax on interest payments in the right way? Come and talk to us. We’ll advise
Covid has been a powerful catalyst for change. Going forward, how can we consciously use the process of change to
Did you defer your VAT bill? The good news is that there’s a new HMRC payment scheme for paying your
Want to cut unnecessary costs, optimise the most profitable parts of the business, and increase your overall return on investment?
Coping with a sudden downturn is no walk in the park. If you’re looking to improve your business planning or
Is your business looking for extra financial support during lockdown? Talk to us. We’ll review your financial position, advise you
In the post-Covid world, does your marketing still fit the needs of your customers? We’ll help you to review, rethink
Understanding future plans can also help identify potential tax saving opportunities. With some planning and care you could make significant
Is your business carrying out R&D work? If so, you may be eligible for a research and development tax relief.
Are you eligible for the new Recovery Loan Scheme? Talk to us and find out if you can apply for
Worried about your cashflow and the profitability of your business? Come and talk to us. We’ll review your finances and
Most businesses need to raise money at some point. The majority of smaller businesses will borrow from a bank to
Time to pay arrangements A business which has or will have outstanding tax liabilities should consider contacting HMRC for a
A number of important decisions must be made when a company is set-up; for example, who will own shares in
The legislation changes related to IR35 will came into effect on the 6th of April 2021 for small and medium-sized
The ongoing economic turmoil can only get worse if you make your business vulnerable to fraudsters. As the security measures
Whether you intend to expand beyond your current geographical region or improve the operational level of your existing eCommerce store
There is no simple answer as to how businesses can increase profit margins during these tumultuous times. Whether you function
Despite many added perks for freelancers in the UK, the tax challenges can be overwhelming. And that is because freelancers
You can never tell with the current situation when you might need a loan from your own company. Although you
A company car could be any vehicle such as a van, motorcycle, or car. Primarily, business owners offer luxury to
Who doesn’t dream of starting a business to become self-independent? It shouldn’t come as a surprise that self-employed individuals are
Amidst a global pandemic, many businesses in the UK are temporarily halting their operations as per government compliance. The situation
Although the National Minimum Wage rates of 2020 are somewhat similar to 2019 Living Wage rates, the entitlements, however, are
It is true – using contractors is advantageous for employers who do not want to indulge in paying National Insurance
The employee contract and handbook are some of the most important documents. It offers employees with policies and information related
You are always on the home stretch when it comes to the health of your annual finances. Technically, the year-end
For business owners, the need to hire an accountant is arguably the fairest question of all, isn’t it? Naturally, you
The capitalist landscape is changing, and raising finance for your business is not as straightforward as a decade ago. Maybe
Today, insuring your business is more than just peace of mind; it builds trust that is decisive for the future
You might not realize it, but your outdated accounting system is more indispensable than you think. Apart from common bookkeeping
The notion of working from home can lead to endless possibilities. After all, who wouldn’t want to take care of
Whether you’re from Cambridge or London, ambitious business owners strive to streamline business operational activities with the utmost efficiency. Unfortunately,
There are various business structures in the UK, and each provides a different set of benefits. From a startup to
Do you perform construction industry-related tasks? Well, that means you will have to register as per HMRC’s Construction Industry Scheme
As much as the glamour of starting a new business is captivating, the financial structure will always remain the foundational
Your business deserves a broadminded and forward-thinking accounting solution. An effective accounting solution means you’ll be able to get unlimited
Whether you are an investor or business owner, the question that always seems to be on the surface is how
You are thinking about the most cost-saving and time-efficient way to file your tax returns online, aren’t you? Well, the
From small companies to large corporate giants, accountants have become vital to ensure compliance needs and help businesses evolve beyond
Small business owners often found themselves in the swamp of inventory accounting. In simple terms, it refers to a method
Business owners dread the idea of HMRC to conduct a tax audit. Luckily, the HMRC compliance standards are not as challenging as
The financial prosperity of your business depends on how you manage a multitude of data and adapt to new standards.
Accounting transactions are of the utmost importance when it comes to small businesses. Unfortunately, small companies often juggle around complicated
Keeping errorless payroll taxes has become a standard for small and large corporate firms. And why wouldn’t it be? It
Starting and maintaining a business can be overwhelming. Several companies get side-tracked and lose sight of their long-term objectives. The
Accounting, it’s the term you will probably hear the most during tax season in 2020. But to be fair, tax
If calculating taxes is not your cup of tea, that’s okay. It’s the time of the year you don’t want
At Smart we assist many firms with their tax and accounting needs, helping them to stay ahead. Changes to data
At Smart we can advise individuals on a range of tax-saving opportunities. The following article compares Venture Capital Trusts, the
Nothing is quite so misunderstood as business expenses. Writing something off as an expense has a nice ring to it,
What is an ISA? What makes it different from any other savings or investment vehicle? What are the different types
How your pension funds can help finance your business. As traditional loans fall out of favour with increasing numbers of
You’ve got a great business idea, you’ve done all the relevant market research, you have a bulletproof business plan, and
What to expect from incorporating your business. With a new tax year almost upon us, many sole traders will be
What to expect when providing staff with perks. Most employers choose to recognise the ongoing commitment made by their members
An investment strategy might include a range of different elements, from pension savings to alternative savings and investment strategies. The
There is no statutory definition of ‘employment’ or ‘self-employment’, so determining whether someone is employed or self-employed is not straightforward.
Starting your own business is a truly exciting life decision, allowing you to pick your own gigs and do things
Entrepreneurs’ Relief reduces the amount of Capital Gains Tax payable when you dispose of (sell) shares in all or part of your
Capital Gains Tax comes into play when you make a profit from selling something you own. The important point to
Sadly, albeit the article is not that old. However, there have been changes to the tax system. There have been
What do you do when you have an overdrawn director loan account? Why do directors loan accounts exist? Let us
If your limited company has made a profit, it can distribute these earnings to shareholders by way of a ‘dividend’. Profit is
When moving to new tax year 2019-20, please take a note of the following changes below: 1) Global Tax Code
Starting a business is an exciting and challenging experience, and one which also carries a fair degree of risk. During
IR35 is the shorthand name for tax rules concerning the provision of personal services through intermediaries. These rules came into
As a business, your client may require you to travel as part of your contract duties – whether this involves
If you’ve spent personal funds setting up your contracting business, what scope is there to reclaim these costs from your
If you need to buy a new PC, or upgrade your software, how are these expenses treated for tax purposes?
Let’s simplify your finances, reduce your tax burden, and build systems that free up your time – so you can focus on what really matters.
