Understanding Your Annual Accounts

Your company’s Annual Accounts contain a great deal of financial information and accountancy terms that are not always easy to understand, so to help gain a better understanding of the information contained in your Accounts, we have prepared a guide entitled “Glossary of Accounting Terms” which explains the common terms used in the Accounts.   The guide can be found on your Contractor Portal along with various other useful guides and templates for your information.

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Basis Period Reform

The article helps self-employed sole traders and partnerships to understand how basis period reform will impact their business in the 2023/24 transitional tax year, and what steps need to be taken to ensure they do not lose any brought forward tax reliefs and remain compliant!

George Ian Hope

Tax Payment Dates and Estimating the Values of Tax Payable

The article outlines the typical tax payment dates and methods of estimating the values of tax payable for each type of tax, including VAT, PAYE, NIC, CIS, Corporation Tax, and Dividend and Personal Taxes.

George Ian Hope

Corporation Tax Rate Changes

In the March 2021 Budget Rishi Sunak proposed a number of changes to the way that Corporation Tax will be calculated and applied and these changes will come into effect from 1st April 2023.

George Ian Hope