RR Accountants

Human touch or high-tech? 🤔 Turns out, accountants need both! 5% say human connection is just as crucial as tech. Our survey shows accountants are prioritising cybersecurity, cloud accounting, and integration training. But let's not forget the power of personal relationships in building trust and loyalty.
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Did you know that if you have more than one home, you must nominate to HMRC within nine months which one is your residential property, in which you are currently living, to be exempt from capital gains tax?

Navigating the buy-to-let market can be tough. Let our expert accountants help you overcome challenges and achieve your investment goals. DM us to book a free consultation!

All firms must understand and compile year-end accounts. The accounts summarise your company's financial performance last year. Knowing balance sheets and income statements' key components and compliance requirements is critical. Be organised, prepare taxes, and consult a specialist for accuracy and compliance. Research and make crucial company decisions!

Continuing our series on essential questions to ask your accountant, today we dive into the topic of going paperless. Wondering if your business can make the switch? The answer is yes! Online accounting software like Xero, Dext, and Quickbooks makes it easy to manage your finances digitally.

In accordance with our series on essential questions to ask your accountant, today we dive into the topic of improving your cash flow. Is it possible to improve my cash flow? Absolutely! A cash flow forecast tracks and plans your business's cash flow using historical financial data and trends.

In accordance with our series on essential questions to ask your accountant, today we dive into the topic of improving your cash flow. A cash flow forecast is a valuable tool that uses historical financial data and trends to track and plan your business's cash flow.

Myth vs. Fact: Let's debunk common financial misconceptions everyone needs to know!

Have you hired an accountant to look after your finances and taxes? Here are 5 questions that you must ask your accountants!

Have you been lately finding filing tax return boring? Some things despite being boring have their utmost significance and filing UK tax return is one of those significant tasks.

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Great news for those dealing with HMRC! They have received a £51 million boost to fix their previously failed helplines. This funding aims to improve customer service, reduce wait times, and ensure that your tax queries and concerns are addressed more efficiently. Better service and quicker responses are on the way! ☎️

Continuing our series on essential questions to ask your accountant, today we dive into the topic of basis period reform. If your business's fiscal year ends on a date other than March, it's crucial to understand how these changes might affect you. Make sure to consult with your accountant to explore your options and stay compliant.

Have you ever wondered what a UTR number means?

Interest rates are DOWN! ⬇️ The Bank of England, in August, announced a 0.25% cut, bringing some much-needed relief. 💸
Wondering how this affects your business? Let's chat! As expert accountants, we'll help you navigate these changes and make the most of this opportunity.

Are you up for an ironic round of questions and answers lately? We want to hear from our snarky robot!

In continuation of our last post, we will now provide answers to each of the five questions you should ask your accountant starting today and continuing throughout this series! Let’s binge read then…

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Subcontractors, did you know you can maximize your tax returns with the right strategies? 🚧 Let’s give it a read!

As per the updated rules, you might be eligible for some tax gains. Contact HMRC to ensure you're taking advantage of the latest changes and to report any capital gains.

In an unusual move, the council spent £1 million on manual bookkeeping to fill the tech gap and manage their finances. This considerable investment shows the persistent problems some organisations encounter in adopting and integrating contemporary accounting software.
Want to learn more about the reasons behind this decision and its implications? Head over to the link to read the full story:
https://rraccountants.uk/resources/birmingham-city-council-1m-erp-failures-response

We're thrilled to share this testimonial from Celia Rayburn, Founder of Rayburn Creative Studios! At RR Accountants, we pride ourselves on providing personalized and insightful financial services to help businesses like Rayburn Creative Studios streamline their processes, save on taxes, and stay compliant with regulations.

Attention all self-employed professionals! 🚨 The HMRC has announced a new tax crackdown specifically targeting individuals juggling three or more jobs. This latest move aims to ensure compliance and prevent tax evasion among the self-employed. Stay informed and make sure your tax affairs are in order to avoid any penalties. Read more to understand how this could impact you and steps you can take to stay compliant. 💼📊
https://www.msn.com/en-gb/news/newsbirmingham/new-hmrc-tax-crackdown-on-self-employed-people-in-three-jobs/ar-AA1ooIt7?ocid=msedgntp&pc=ASTS&cvid=7f76b44009e64845a06f80a2aabe2a8a&ei=34

Are you a sole trader? Is business expense management lately on your nerves? Let’s shed light on how can you manage your business expenses with 3 easy tips without hassling away.

Pension savings of 6 million middle-class workers is finally underway, This is what the treasury recommends for the chancellor's upcoming budget.

Reducing the higher pension tax rate to 30% instead of 40% is the recommendation. This charges higher-rate taxpayers more.

Considering tis, we'll see speculations and tax policy adjustments in the weeks leading up to September.
Plan your taxes and finances now before September's budget with RR Accountants.

Do you own a company in UK? We know the anxiety of your next audit would have kept you awake at night.

With RR Accountants on your side, you can rest easy. Our expert team will handle all the details, ensuring you're fully prepared and compliant.

It’s time to say goodbye to sleepless nights with RR Accountants!

Understanding your tax code is crucial for managing your finances and ensuring you're paying the correct amount of tax. Whether you're a Scottish taxpayer with an 'S' code or a Welsh taxpayer with a 'C' code, knowing what your tax code means can help you navigate your tax obligations. Swipe through to learn more about how tax codes work, how to find yours, and what the different codes mean!
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The worst part of adulting is filing taxes. Agree? 📝😩
Don’t stress! RR Accountants is here to help you navigate the complexities of tax filing with ease. Our expert team ensures you maximize your deductions, stay compliant with all regulations, and file your taxes accurately and on time.

Have you heard about the term ‘retained earnings’? Let’s decipher it for you!

Please keep in mind that HMRC can fully access your social media accounts during a tax investigation. Think twice about everything you post on social media platforms.

If you’re living a lavish and extravagant lifestyle and cannot afford to pay taxes, you might get caught since HMRC has access to your social media profiles. HMRC, having connections with Airbnb, Uber, eBay, etc., will most likely notice discrepancies. Ensure your lifestyle matches your declared income. Stay compliant and consult with RR Accountants for expert advice!.

Ever wondered who the world's first accountant was? Meet the Mesopotamian temple administrator who kept track of grain shipments! 📜✨ Accounting: making history for millennia!
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