The rise of self-employment is no secret. In fact, according to this latest Office for National Statistics report, the number of self-employed professionals in the UK has increased from 3.3 million to 4.8 million across a 16-year period. Self-employed professionals now make up just over 15% of the UK’s labour force, with people from all...Read More

For years, it has seemed that the larger corporations haven’t played by the same tax rules as everyone else. Whilst small businesses, sole traders and the self-employed all pay what they owe, industry giants like Starbucks, Gap, Apple, Amazon and Facebook are avoiding paying corporation tax. All retailers are meant to pay a levy on...Read More

As a leading supplier of accounting services to sole traders and businesses alike, we make it our mission to stay ahead of the latest financial news so our clients don’t have to. It’ll come as no surprise that we’ve been busy of late keeping up to date with the recent 2018 Budget announcement delivered by...Read More

It’s been a long time coming but finally the government are beginning to listen up to the concerns voiced by small to medium sized enterprises (SMEs) in regards to business rates. The out-dated, unfair and rather ridiculous business rates system has caused a number of problems for businesses big and small, including the clients we...Read More

We have moved We’ve got some exciting news for you! Whilst our enviable reputation as one of the North East’s most respected accountancy practices remains, there has been a few developments of late that we’d like to share with you. We’ve recently moved from our Whitley Bay headquarters to a brand new office in North...Read More

Update: The Making Tax Digital Pilot Has Been Extended! After introducing the Making Tax Digital (MTD) scheme and unveiling the benefits that go hand-in-hand with the digital accounts packages it endorses in our last blog post, we’re back with an update. The HM Revenue & Custom (HMRC) pilot of Making Tax Digital has now been...Read More

Making Tax Digital In today’s technologically driven world, everything we need is now at our fingertips courtesy of the smartphones, tablets and other devices that keep us connected to the net anytime, anywhere. So it comes as no surprise that HM Revenue and Customs (HMRC) is digitalising the UK tax system. The start of Making...Read More

Your guide to the Finance Act 2018 changes affecting partnerships The Finance Act 2018, which received Royal Assent on 15th March 2018 and is now an Act of Parliament, enacts several changes affecting the taxation of partnerships, most of which apply for the 2018-19 tax year onwards. As a leading provider of accounting services to...Read More

Making Tax Digital Technology has done wondrous things for a vast selection of sectors. The world of accounting has been equally transformed with the software used by our team making the management of finances and the meeting of tax obligations simple for the businesses and sole traders we work with. The government’s plans to make...Read More

Financial Year End Success With the end of the tax year swiftly approaching, many sole traders and businesses will be making preparations to avoid the tax pitfalls that so commonly arise. The end of the financial year, and the start of a new one, is the perfect time to reflect on business practices and more...Read More