More Changes to Capital Gains Tax: What You Need to Know Capital gains tax is undergoing significant changes, and it’s crucial to understand how they might affect your finances. To help you stay compliant and avoid unexpected costs, we’ve outlined the key updates below — and what you should do next to prepare. How Does […]
How the JDH Team is Going Green: Cutting Plastic and Waste Plastic pollution threatens our oceans and health. Every minute, a dumper truck’s worth of plastic enters the ocean. This will double soon. At JDH, we actively reduce plastic use to protect the environment. Here’s how our team makes a difference. Cutting Plastic Waste: Simple […]
The Early Bird Catches the Worm: Why Timely Paperwork Matters Many accountants face a common challenge: clients often submit their paperwork late or at the last minute. This creates problems for both the accountant and the client. But why does timing matter so much? The Impact of Late Paperwork on Accountants and Clients Accountants experience […]
Top Tax-Deductible Expenses for Sole Traders: What You Can Claim Knowing what you can claim as a sole trader isn’t always straightforward—but getting it right can save you money. To help you stay tax-efficient, we’ve outlined the top tax-deductible expenses that apply specifically to sole traders. (Please note: These do not apply to limited […]
Setting up Holidays Scheme in Sage Payroll is a simple way to take the stress out of managing employee leave. Everyone looks forward to their time off, and with Sage 50 Payroll, tracking holidays doesn’t have to be complicated or time-consuming. The system offers flexible holiday settings, allowing you to create tailored holiday schemes, assign […]
Payroll Year End Checklist: What Employers Need to Do As an employer running payroll, it’s essential to complete several tasks at the payroll year end. You must report to HM Revenue and Customs (HMRC) on the previous tax year, which ends on April 5, and prepare for the new tax year starting April 6. Here’s […]
HMRC Reveals the Top Ten Ridiculous Tax Excuses HMRC Has Heard Today, HM Revenue and Customs (HMRC) has revealed some of the terrible excuses they have heard for missing the 31 January tax return deadline. Many of these rank among the top ten ridiculous tax excuses HMRC has ever received, with taxpayers blaming pets, girlfriends, […]
Why Managing Cash Flow in Small Business is Crucial for Your Success Cash flow is the lifeblood of any business, especially for small business owners. While anyone can make a sale, knowing how to manage cash flow in small business effectively is what ensures you get paid on time and keep your operations running smoothly. […]
The Benefits of Filing Tax Returns on Time: Avoid Penalties and Save Money Since January marks the start of the UK income tax return season, it’s crucial to understand the benefits of filing tax returns on time. If you run a business, avoiding late filing should be your top priority. Filing late triggers costly penalties […]
VAT Schemes Explained: Which One Is Right for Your Business? Understanding the different VAT schemes can be confusing, yet choosing the right one is crucial for your business’s cash flow and compliance. Many businesses don’t realise that HMRC offers several VAT schemes tailored to different sizes and types of companies. In this article, we explain […]