Horsfield & Smith Chartered Accountants

Does your business still use a manual payroll system?

You might be hesitant to change, but an automated payroll system will streamline your finances and minimise mistakes.

Get in touch for more info.

https://www.horsfield-smith.co.uk/contact/

Your inheritance tax can change drastically depending on:

-Value of estate
-Charitable donations
-Gifts
-Marital status

And more…

Manage your finances whilst you’re alive, so you can provide the most for your family after you pass.

Get in touch with us today to see how we can help.

As usual for the last day of the month, your Corporation Tax Return (CT600) may be due.

If your business has a July year-end, then make sure you have submitted your return in advance.

Make sure you don’t mix up your due dates for Corporation Tax and Corporation Tax returns.

•Corporation Tax is due 9 months and 1 day after the end of your accounting period.

•Corporation Tax Returns are due 12-months after the financial accounting period it relates to.

Make sure you know when your accounting period ends.

Did you know there is no age limit to start contributing to a personal pension?

Investing small amounts could make a huge difference to a child’s standard of living in later life, and it can really add up over time.

In the excitement of selling a property, people often lose track of important details. Specifically regarding Capital Gains Tax. Don’t forget that Capital Gains Tax needs to be paid within 60 days of a property sale.

This means 60 days from the COMPLETION DATE, not the exchange of contracts.

We understand tax rules can be tricky to navigate without the right support. Get in touch with our team, and we can help guide you through the process ourselves.

P11D forms tell HMRC about your employee benefits, such as company cars or interest-free loans. They also tell you how much each benefit is worth.

6th July is the annual deadline for filing this form; make sure you’re on top of it.

Being self-employed can feel like a juggling act. Managing multiple areas of your business can be overwhelming for many.

It’s important to get help where you can.

Are you self-employed and looking to keep your taxes and expenses in check?

We can provide the support you need.

The UK’s convoluted sales tax system places a weight on the shoulders of British businesses.

People may avoid growing their business just to remain below the VAT threshold.

Our team of VAT experts monitor the latest decisions and interpret government guidance on VAT across a range of sectors.

https://www.horsfield-smith.co.uk/services/compliance/vat/

If you're planning an expansion for your business, you may need help with funding.

There are several ways you can fund your business.

Head to our blog to discover how: https://www.horsfield-smith.co.uk/business-funding-solutions/