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Jeremy Hunt announced his first Autumn Statement as Chancellor of the Exchequer to Parliament on 17th November, in a bid to bring economic stability to households, businesses and the financial markets. The Chancellor has pledged to meet the economic challenges facing the country, confirming several changes to fill a £55 billion gap in the UK’s public finances. […]

If you are already self-employed, you will be aware of self-assessments and your self-assessment tax bill. Many find it a stressful part of being self-employed, having to keep on top of incomings and outgoings throughout the year to ensure you submit an accurate assessment. What makes this even more difficult is if you are used […]

An accountant is a key member of any small business team. They are indispensable for keeping up-to-date financial records and providing valuable financial advice and planning at every business stage. Account-Ease is a leading provider of online accounting services for small businesses. We know that every business is unique and we are dedicated to providing […]

Payroll accounting can seem like a bit of a headache, even though taking on employees is a sure sign of business success. Once you start employing and paying other people, there’s a lot to deal with – keeping on top of all the changes in tax, employment law and regulatory issues is a complex and […]

Independent contractors, consultants, or freelancers are self-employed individuals who work for businesses, usually on a short-term basis. Hiring a contractor enables firms to access specialist skills, knowledge, and experience, without actually taking someone on full time. This is often very appealing. If you’re thinking of becoming a contractor, you’ll need to decide what kind of […]

As contractors eagerly await the Medium-Term Fiscal Plan on Monday 31st October, we take a look at the latest on IR35. With potential implications to be unveiled, the plan will fall 5 weeks after the mini-budget 2022, where, surprisingly, the repeal of IR35 reform was announced. It was announced that the IR35 off-payroll legislation would […]

“AT Monday, the Chancellor announced the biggest package of tax cuts in 50 years. Without even a semblance of an effort to make the public finance numbers add up. Instead, the plan seems to be to borrow large sums at increasingly expensive rates, put government debt on an unsustainable rising path, and hope that we […]

Different set-ups require a different way of running things, so the right choice for one business could be completely different to another, even if they offer the same services within the same sector. When you are first starting out in business, many people believe that being a sole trader is the easiest route to take, […]

Completing a self-assessment is the bane of a lot of contractors‘ lives; on top of taking a lot of time, there are often many common mistakes made which can either result in having to start again or receiving a fine. Not all mistakes lead to a penalty but they can lead to more tax being paid […]

From 1 November 2022, VAT-registered businesses will have no choice. But to use Making Tax Digital (MTD) compatible software to file their VAT returns, unless they have a digital exclusion exemption. Businesses with a taxable turnover above the VAT registration limit of £85,000 have had to use MTD VAT rules since 2019. It became a […]