Focus Accountancy Ltd.

Contractors, freelancers and consultants: make sure you get paid on time. Consider insuring your invoices or factoring so you're sure you'll get paid. For more tips on how to get paid on time, read the full article here: https://www.focusaccountancy.co.uk/post/get-paid-on-time

Alert for businesses with big projects: government consultation on how predevelopment costs are taxed is open. Could this change impact your bottom line? Read on to find out why your early-stage survey and study costs matter now.

News Focus Accountancy

Adam has recently joined the team at Focus!

He has both a Bachelor's and a Master's in Accounting and Finance as well as previous experience at other accountancy practices. He also qualified as a Chartered Accountant earlier this year through ACCA.

Outside of work, he is a sports enthusiast who enjoys playing football and has recently discovered his love for padel.

We are excited to have him onboard. This will enable us to continue to grow whilst maintaining an excellent service to existing clients.

We're delighted to share this testimonial from one of our clients, Bella Organ. For more reviews and case studies, feel free to go to our website: https://www.focusaccountancy.co.uk/reviews

UK employers, are you aware of your PAYE and National Insurance responsibilities when overseas staff come to work in the UK temporarily? It's not as straightforward as it seems. Discover how specific arrangements like EP Appendix 4 or 8 could impact your payroll. Find out why paying attention now could save hassle later. Read on to get it right!

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It can be hard to wrap your head around Making Tax Digital (MTD) for Income Tax.

The new rules are that Sole Traders & Landlords with qualifying income above the threshold must;
-keep digital records
-submit quarterly updates to HMRC
-complete a Final Declaration at the end of every tax year

You qualify for MTD if your combined turnover of trading and rental income is over £50,000 for the year to the 5th of April 2025. If you qualify you should've already submitted your first MTD update to HMRC.

We have an article about MTD on our website, including key dates, thresholds and filing rules.
https://www.focusaccountancy.co.uk/post/understanding-mtd-for-income-tax-key-dates-thresholds-and-filing-rules

- If you can send a substitute to provide the same service as you, it proves that you are not delivering a personal service, and therefore you cannot possibly be an employee. This helps you prepare for . https://www.focusaccountancy.co.uk/

Got a P800 from HMRC? It might not be as straightforward as it seems. Double-check your tax details to avoid surprises. Curious? Read on to find out why it matters.

News Focus Accountancy

Is your VAT system truly airtight? Identifying gaps now could save headaches later. Check if controls keep pace with your business changes. Find out why this matters today.

News Focus Accountancy

Limited company, self-employed or employed? There are benefits and drawbacks to all, so make sure you consider each option carefully. Our article will help with that, so read the full text here: https://www.focusaccountancy.co.uk/post/limited-company-vs-self-employed-vs-employed