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The UK is a nation of entrepreneurs. 2018 started with some 5.6 million small businesses and we’re pleased to say that 2019 so far has been another exciting period of new business launches.  Setting up your own business – whether it’s an idea you’ve been sitting on for a while or a venture that has...
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Here at Hurren Accountants, we work with professionals from all walks of life and at all stages. From national and multi-national organisations to regional businesses and sole traders, we cater to all requirements with our accounting services. Our work with sole traders is particularly important. As a sole trader you don’t want the headache of...
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Cash is king, we all know that, and in these uncertain economic times, the management of cash flow becomes even more critical. Cash inflow in particular is the lifeblood of businesses of all sizes and niches, with funds from customers, loans, investments and interest on savings all helping companies grow from strength to strength. With...
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We’ve all been there, ruthlessly chasing an unpaid, overdue invoice, only to be met with no response or worse, the promise of a payment that never comes. Late payments aren’t just annoying; they can damage your business. After all, the time spent chasing outstanding invoices could be better spent developing other areas of your business....
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The Lifetime ISA or LISA is a profitable, tax-free option if you’re thinking of saving for your first home or retirement. Despite its introduction in 2017, it still remains a relatively unused relief. Unbeknown to most savers, the Lifetime ISA offers one very important advantage over Cash ISAs and Stocks and Shares. Here we reveal...
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What Changes Does the New Tax Year Bring? With the end of one tax year, comes the beginning of another. The new era however doesn’t just represent the approach of another self-assessment deadline. Several tax changes have been implemented as of 6th April 2019, but what does the start of the 2019/20 tax year mean...
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After a long wait, the Making Tax Digital (MTD) deadline is finally upon us. As of the 1st April 2019, all VAT-registered businesses who are above the £85,000 threshold will have to use this more effective and efficient tax system to submit their returns. Going digital has been a long time coming, if you’re yet...
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There are several reasons why you may not be able to pay your self-assessment tax return bill on time. Cash flow difficulties are one of the most common reasons for late payment to HM Revenue & Customs (HMRC), but it’s important to understand that you’re not alone. According to recent findings, as published in The...
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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...
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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...
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