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Starting a small business is an exciting venture, but it also comes with its fair share of financial challenges. From managing cash flow to staying compliant with tax regulations, keeping your business’s financials in order is crucial for long-term success. That’s where a start up accountant comes in. By hiring a specialized accountant like Account-Ease […]

At the start of 2023, the United Kingdom was changed the way penalties and interest apply to late value-added tax (VAT) returns and payments. Businesses now get a penalty point when they submit a VAT return late, and perhaps financial penalties. Here’s what you need to know about the point penalty system — and how […]

The deadline for filing your 2022/23 self-assessment tax return online was 31st January 2024. The deadline for paper tax returns was 31st October 2023. In some very rare situations, HM Revenue & Customs (HMRC) may give you a different filing date for your tax return. But otherwise, it is not usually possible to get an extension […]

Self-Assessment tax return in UK applies to anyone who is self-employed, company directors, recipients of income from renting out a property or other sources not covered by PAYE, as well as those who receive income from abroad. The Self-Assessment tax return must be completed annually, and the deadline for submitting the tax return is usually […]

Search of “small business accountant near” your location? Finding the perfect accountant for your small business can be quite a perplexing task, but fear not Account-Ease, offers reliable and trustworthy accounting services to our business clients. Our expertise lies in “accounting, bookkeeping, Self-assessment and payroll solutions that ensuring success for both individual and business customers Our experienced […]

Value-Added Tax (or VAT): What You Need to Know “Value Added Tax” (more commonly shortened to “VAT”) refers to a type of consumption tax calculated by the amount of value added to goods and services during their lifetime. The value-added tax is known by several other names, but most people just call it VAT. Whereas […]

In today’s corporate environment, which is both dynamic and competitive. Limited liability firms play an essential part in the engine that propels economic expansion and progress The task of doing so frequently falls on the shoulders of accountants. Unsung heroes, accountants are the unsung heroes who negotiate the complex domain of money. Keeping accurate books […]

Welcome to our blog post on tax planning tips for sole trader accountant! If you’re a sole trader looking to optimize your tax strategy and minimize your tax liability, you’ve come to the right place. In this post, we will be sharing insights from experienced accountants who have extensive knowledge and expertise in helping sole […]

What will Self-Assessment tax be for 2022/23? There are usually new UK tax brackets and other updates to thresholds introduced each April. So here are eight Self-Assessment tax changes to understand, from National Insurance hikes to a new plastic packaging tax. 1. What’s the personal allowance 2022/23? The personal allowance in 2022/23 will remain £12,570. This […]

As a contractor Accountants, you’ll face many challenges, and your ability to overcome them will determine how successful you can be as a self-employed worker. Preparation is key and making sure that you’re in a position to overcome any problems that come your way is paramount. Challenges can range from issues with clients, to managing […]