January Tax Accountant

Are you self employed, have investment income or rent out a property? If so, you have until 31st January 2021 to file your tax return and pay your tax liabilities on any income received between 6th April 2019 and 5th April 2020. What Information Does My Accountant Need for My Personal Tax Return? At Edwards…

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Starting a New Business? – Avoid These Common Mistakes

Our philosophy is that every business is different and therefore a blanket approach to accounting services to all of our clients just does not work. Although every business is different there are some common mistakes that new business owners make. Starting a new business can be a daunting proposition and when data shows that 4…

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Outsourcing Business Functions – The Pros and Cons

Is your business growing rapidly, but you are unsure whether your cashflow can handle a full time employee? Then outsourcing could be the best approach for you. Its not just growing businesses that outsource business functions, many established companies are outsourcing business functions as a cost saving measure. So is outsourcing the best solution for…

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VAT Changes To The Construction Industry – Are You Ready?

From the 1st October 2019 HMRC planned a drastic change to the way that VAT registered businesses in the construction industry deal with VAT. With the likes of Brexit taking precedent the date that these changes will be implemented has now been delayed until 1 October 2020, giving everyone more time to prepare. What Are…

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Our Guide to Corporation Tax Rates

If you have a Limited Company it is essential to have a basic understanding of the tax the business will pay so you can be prepared for that inevitable tax bill. At present the Corporation Tax rate for a Limited Company is 19% of the businesses taxable profits, which at the date of this article…

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The Cost of Employing Staff

Taking on employees can be essential for a business to grow and increase its capacity. However, before taking on employees does your business make enough money to pay its wage bill each month? When looking to take on employees you need to consider the true cost of employing them. You may look at the salary…

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Starting a New Business But Have Bad Credit?

We recently assisted a client incorporating a Limited Company, but unfortunately the client had bad credit. Although a Limited Company is a separate legal entity from its directors and shareholders, bad credit can cause significant issues when setting a company up. Bank Account The first issue the client faced was opening a bank account. No…

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