Blog
Finances explained
Dive into our comprehensive explainers and opinion pieces, covering everything from business structures to the nuances of Making Tax Digital. Our detailed articles provide you with the knowledge you need to understand complex topics, make informed decisions, and stay ahead in the ever-evolving world of business and taxation. Whether you’re a seasoned professional or new to the financial realm, our resources are designed to demystify and guide.
Making Tax Digital for Income Tax
At Taxsure, we’re committed to keeping our clients informed about important tax changes. One of the biggest changes on the horizon is Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA). This new system is designed to make tax reporting simpler and more...
Autumn Budget 2024: Key Personal Changes
The Autumn Budget announced an abundance of personal changes that blended optimism with tough choices. The Chancellor said: “This is a changed Labour party, and we will restore stability to our country again. The scale and seriousness of the situation that we have...
Autumn Budget 2024: Support for Businesses
In Labour’s first Autumn Budget in 14 years, Reeves presented a series of measures designed to offer targeted support for businesses, promote sustainable investment, and maintain fiscal security, especially for small and mid-sized businesses. However, the reliefs are...
Autumn Budget 2024: Key Business Changes
The Autumn Budget announced a mixed bag of business changes. The Chancellor made some significant moves to shore up the Government’s finances - the largest hike in employer national insurance contributions in recent memory being a prime example. At the same time, the...
Should I register my business as a Sole Trader or a Limited Company?
One of the first big decisions most entrepreneurs face when starting their own business is deciding whether to register as a sole trader or a limited company.
Choosing the best VAT scheme for your business.
Value Added Tax (VAT) can be a complex area for many businesses. Choosing the right VAT scheme can significantly affect your cash flow and compliance requirements. This article will guide you through the various VAT schemes available, helping you determine which one...
What is a payment on account?
If you receive income that isn’t taxed at source, you’re probably familiar with self-assessment tax returns. However, one aspect that often causes confusion is the requirement to make a "payment on account". Payments on account ensure that taxpayers contribute towards...
Essential bookkeeping tips for sole traders.
As a sole trader, managing your own business can be both rewarding and challenging. One of the most crucial aspects of running a successful business is maintaining accurate and up-to-date financial records. Effective bookkeeping ensures you can track your income and...
How should I run my serviced accommodation business?
The recent Airbnb era has resulted in more property owners letting their premises out on a short-term basis. The returns can be lucrative; however, the nature of short-term lets can incur unforeseen expenses. In this article, we will explore how some of these costs...
The vital role of an accountant in your hospitality business.
From managing daily operations to ensuring guest satisfaction, there are multiple aspects of a hospitality business that require careful attention. Amidst this intricate landscape, the role of an accountant becomes indispensable, serving as the financial backbone of your business.
How to price your menu to maximise profit.
As a pub or restaurant owner, pricing your menu correctly is crucial for maximising profits and ensuring the long-term success of your hospitality business. Finding the sweet spot between charging too little and pricing yourself out of the market can be a delicate...
Accounting tips for the hospitality industry.
If you own a pub, hotel or restaurant, keeping your accounts in order is essential for the success of your business. The hospitality industry is known for its fast-paced environment, high volume of transactions and unique accounting challenges. Proper accounting...
Book a call
Contact us now for a professional service with a personalised approach.