Accounting Blogs: Tax & Accountancy Advice for Small Businesses

Here at Keith Graham Chartered Accountants and taxation specialists we are dedicated to keeping our clients informed and abreast of techniques or practises which will improve the way they treat their accounts and taxation requirements. We also have a regularly updated resource centre helping you to manage your money more effectively, please feel free to take a look.

Our blog and news posts are dedicated to all things accountancy, taxation and auditing and designed to include information on helping small businesses, personal taxation questions answered and many more subjects in-between.

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14 Feb 2024

Can You Sell Company Assets to Yourself?

Business owners often wear multiple hats, from managing day-to-day operations to making complex strategic decisions. Among these decisions may be selling company assets to yourself. But is this something you can do?

29 Jan 2024

Lifetime Allowance to be Scrapped in 2024

From 6th April 2024, there will be a significant shift in the UK's pension landscape: the lifetime allowance will be scrapped. This major change, announced in the Spring Budget 2023, is a part of the government's strategy to encourage economic growth and increase labour market participation, particularly among individuals aged 50 and above.

29 Jan 2024

Capital Gains Tax Changes in 2024: What You Need to Know

In the November 2022 budget, changes in Capital Gains Tax were announced that would be staggered across 2023 and 2024. While it may seem daunting, navigating the latest changes in Capital Gains Tax is crucial for those looking to maintain a healthy financial profile. In this blog, we delve into how the Capital Gains Tax changes in 2023 and 2024 may affect your finances and look at strategies for mitigating the impact.

23 Nov 2023

Tax Return Deadline 2024: What You Need to Know

January does not just bring a new year; it is also the month when your tax return is due, with the tax return deadline 2024 being midnight on 31st January. This annual obligation is essential to ensure you're paying the right amount of tax based on your financial activities throughout the year. However, it can cause a little stress and confusion.

01 Nov 2023

ULEZ Help for Small Businesses: How to Pay Less

In the bustling urban environments around London, the concept of an Ultra Low Emission Zone (ULEZ) has become a significant part of city life. While the primary aim of ULEZ is to reduce air pollution, it can feel like an additional burden for small businesses and individuals who live in the capital or have to travel there regularly.

12 Sep 2023

How to minimise your Corporation Tax bill

For many, business year-end can come with a sense of anxiety. Not only do you need to gather all the information needed to file your annual accounts, but you're also aware that you could be facing a hefty Corporation Tax bill. If this situation sounds familiar and leaves you wondering how to reduce your Corporation Tax bill, this blog offers some valuable advice.

10 Aug 2023

Capital Gains Tax Advice - What Is It & Who Needs to Pay It

If you've ever sold an asset, such as property, stocks, or valuable possessions, and made a profit, you may have to consider Capital Gains Tax (CGT). CGT is a tax on the profit you make when selling certain assets, and it's essential to understand how it works and whether it applies to you as a UK taxpayer.

11 Jul 2023

How To Get Your Paperwork in Order: Our Bookkeeping Advice for Small Businesses

Running a small business can be an exciting venture, but it also comes with its fair share of challenges. One area that often poses difficulties for small business owners is bookkeeping. Accurate and organised financial records are crucial for the success of any business, regardless of its size.

12 Jun 2023

The Benefits of Outsourcing Company Secretarial Services

In a world where time and budget are two top business concerns, optimising efficiency around company secretarial tasks while maintaining compliance is invaluable. As these tasks are often time-consuming and require careful attention, outsourcing company secretarial services can provide many benefits.

11 May 2023

When does a business need to register for VAT

Managing a business's accounts can be tricky, particularly when it comes to tax obligations and understanding when to register for VAT. Any company that sells goods and services in the UK may be obligated to register for VAT. This obligation will depend on your business turnover and what type of goods or services you sell and where.

17 Apr 2023

Tax Calendar for 2023/24: Key Dates for Self-Assessment Tax Returns

If you're a self-employed individual, have rental income or are a small business owner in the UK, filing your self-assessment tax return can be a stressful experience. However, planning ahead and being aware of important deadlines can help alleviate some of the pressure. Below, we share a rundown of the key dates for the tax year 2023-24.


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