Davis Grant

Considering investing in property?

Knowing the ins and outs of Capital Gains Tax is essential to protect your investments from unexpected costs.

Read our guidance: https://bit.ly/3uM7miG

Confused about your business’s accounting standards?

IAS 32 plays a key role in how you present financial instruments in your annual accounts, so you need to have a solid understanding of it.

Read our guide here: https://bit.ly/3Rs6Cbj

Are you prepared for the Income Tax Self-Assessment deadline on 31 January 2024?

As we approach the new year, it’s essential for sole traders to get prepared.

Read our year-end tax planning tips: https://bit.ly/46Adtnr

Have you considered how you contribute to your business’s success?

Your locus of control influences the way you view and overcome challenges, which has a significant impact on your business.

Find out more: https://bit.ly/40YDxY8

Is your SME prepared for a tax investigation?

With a 21 per cent increase in tax investigations into SMEs in recent years, compliance has never been more important.

Find out more: https://bit.ly/49W7Anl

Reminder!

On Friday 1 December, the new Advisory Fuel Rates (AFR) will be implemented for employees using company cars.

Find out more: bit.ly/3R3G2FS

For help and advice, get in touch with our experts.

Making Tax Digital ( ) significantly moves away from traditional paper-based tax filings, offering improved precision and convenience for SMEs.

Explore how the HMRC app can help you to streamline your tax processes.

Read more: https://bit.ly/47NzSi2

When making the decision to become a freelancer, you have two options.

You can either set up as a sole trader or start a limited company.

But which is right for you?

Find out more about starting a limited company: https://bit.ly/3STvUjR

Could fintech lending help your SME?

Unlike traditional banks, fintech lenders use technology to streamline the application process, offer quicker decision times, and provide more flexible terms.

Find out more: https://bit.ly/3QSiDW2

Is your business prepared for the Autumn Statement on Wednesday 22 November?

Stay tuned for our latest updates on the day and learn how it will affect you and impact your business.

Did you listen to the King’s Speech last week?

With the speech outlining legislation that could impact the UK’s economy, you need to have a business strategy in place.

Find out how this could impact your business finances: https://bit.ly/47fZQeq

Are you ready to go freelance?

Making the decision to become a sole trader or set up a limited company impacts your tax and legal liabilities, so it is important to know if you are making the right choice.

Find out more about being a sole trader: https://bit.ly/3FZ4hy3

Are you aware of the latest payroll updates?

The Department for Business and Trade has recently released feedback for consultations concerning payroll and holiday entitlements.

Get up to speed: https://bit.ly/3G02KIi

We're paying tribute to the brave souls this Remembrance Day.

Their service and sacrifice will always be remembered.

🌹

Are you eligible for the Marriage Allowance?

If you or your partner earns below the tax threshold, you need to be aware of this tax relief…

Find out more: https://bit.ly/49v2cYf

As your business grows, its accounting needs will become more time-consuming, making scalability essential.

In our latest blog, we evaluate the scalability of in-house accounting compared to outsourcing.

Read it here: https://bit.ly/3MBFZxM

The recent Royal Assent of the Procurement Act marks a significant milestone in public procurement.

Scheduled for October 2024, this act brings greater transparency, enhances value for money and addresses SMEs' contract challenges.

Read more: https://bit.ly/3Qw4a25

An objective view is essential for business decisions, but it's easier said than done.

You must recognise how impacts your business decisions and how to take a more balanced approach to decision-making.

Read our tips: https://bit.ly/49xaoaH

New blog 📣

Did you know you can improve your financial stability with loss carry-back claims?

This underutilised accounting strategy can boost your cash flow and set your business on the path to success.

Read more: https://bit.ly/3MpjGLI

New blog 📣

Ready to BOO-st your tax planning this Halloween?

By planning ahead, you can take advantage of tax reliefs and allowances that could significantly reduce your tax liability.

Read more: https://bit.ly/40hlrAm

🚗 Reminder 🚗

Do you provide company cars for your employees?

If benefits are not payrolled, you must submit a P46(Car) form to HMRC by 2 November, for the quarter that ended on 5 October.

Contact us today for guidance.

New blog 📣

Is your business making the most of software's automated processes?

By automating tasks in your business accounting, you and your employees can save time and focus on other areas of your business.

Find out more: https://bit.ly/493ghw1

New blog 📣

Are you ready for the Self-Assessment tax deadline on 31 January 2024?

Don’t leave your tax return preparation until the last minute…

Read our practical tips and get a head start today: https://bit.ly/46OxB6f

New blog 📣

Why should you use double-entry bookkeeping in your business finances?

Find out why it's crucial for your business's financial health: https://bit.ly/3ShLWUx

New blog 📣

Understanding the intricacies of (CGT) can significantly help you in the long term, particularly when it comes to estate planning and how you plan to pass on your assets.

But what do you need to know?

Read more: https://bit.ly/3M3Nopx

New blog 📣

Did you hear?

HMRC is progressing with its ongoing Making Tax Digital (MTD) initiative, and as of 13 November 2023, paper VAT registration will be discontinued.

But what does this mean for your business?

Find out more: https://bit.ly/3M2KzVC

New blog 📣

As a business owner, knowing the deadlines for Pay as You Earn (PAYE) is crucial.

Late payments can result in both interest charges and penalties.

Are you up to date with your financial deadlines?

Find out more: https://bit.ly/46TzePH

Don't be spooked by tax deadlines this Halloween 🦇

31 October is the deadline for filing your Paper Income Tax Return with .

It is also your final chance to submit your tax return for HMRC to calculate your tax.

Get in touch today for advice.

New blog 📣

In today's digital age, securing personal data has emerged as a top priority for businesses of all sizes.

Non-compliance with UK could cost your business millions in damages.

But what do you need to know?

Read more: https://bit.ly/3LXcaHI

New blog 📣

Does your use management ?

Management accounts are vital for monitoring your business's performance.

They help to monitor your:
• Key performance indicators
• Profit and loss
• Cash position
• And more

Read more: https://bit.ly/48MmOuM

New blog 📣

Are you one of the thousands of UK taxpayers who filed their Self-Assessment tax returns early?

With paper returns being due at the end of the month, mark your calendar for the approaching deadlines.

Read more: https://bit.ly/48PUWWv

New blog 📣

Are you a small business owner?

Sales forecasting is an essential element in the growth of a thriving SME.

It helps business owners anticipate market trends, allocate resources and establish achievable goals.

Read more: https://bit.ly/3RMYt22

New blog 📣

The Government recently announced that the National Living Wage will increase to £11 from £10.42 per hour.

How can your business prepare?

Find out here: https://bit.ly/3Qeso1X

New blog 📣

Did you hear?

HMRC has recently rolled out a series of new online tools to help simplify various tax-related tasks.

The services are accessible anytime, so you can complete your tasks at your convenience.

Find out more at: https://bit.ly/3LLgASa

New blog 📣

Did you hear about the new scheme being run by HMRC?

The newly introduced "open banking enhancements" enable businesses to reduce their immediate payment obligations and pay their tax bills in manageable portions.

Read more at: https://bit.ly/46at9hM

Did you know that Corporation Tax receipts increased by 17.3 billion in the 2022/23 tax year?

As a business owner, you must be aware of any tax reliefs you can claim.

Read our tips: https://bit.ly/3PTih2d

HMRC deadlines are looming...

Is it your first time filling in a ?

You need to register for Self-Assessment and inform by 5 October.

You must also notify chargeability by then too.

Need advice? Contact our expert team today.

New blog 📣

Do you know about the new proposal that has passed through Parliament?

If established, it will mean that employees aged 18 and above will be auto-enrolled into , affecting your business.

Read more: bit.ly/3Puzi1l

Wondering how you can steer your business in the right direction?

Planning ahead and leveraging financial forecasting is essential for ensuring your business’s success.

Read our top tips at bit.ly/44U7t8g