Inheritance tax can be complicated and subject to lots of misunderstanding and mistakes. Furthermore the topic can even be controversial and occasionally even inflammatory. However, as with all forms of tax, it’s vitally important to understand the fundamentals, especially when it applies to you. We have put together a simple, easy-to-understand guide to UK inheritance tax. Inheritance Tax – How Does It Work Inheritance tax...
QuickBooks is the world’s number one online accounting software. If you find accounting difficult to understand, the QuickBooks platform can help you better manage your businesses finances. Here we cover the key features and why we love QuickBooks. How QuickBooks Can help You Run Your Own Business Our top five reasons for choosing QuickBooks: Invoicing clients Online banking & payments Compliance made easy Cash flow...
QuickBooks Online Accountant software can help small businesses succeed. The platform was specifically designed to help increase the efficiency of business leaders by empowering them to deliver greater value, and therein benefits, to their clients. QuickBooks has a range of features and benefits: QuickBooks matches transactions to your sales and expenses QuickBooks can accept Direct Debit payments via GoCardless QuickBooks can accept card payments through...
If you employ the services of an accountant, have you considered whether you are getting the best value for money? Not every accountant offers the same quality of service, for every type of business. Here we explore how you know you are getting the best services from your accountant, plus when and how to change accountants. What does your Accountant do? Every business needs accounting...
Starting a new business can be daunting. Beyond your great ideas there is paperwork, legal responsibilities, marketing, operations and hiring staff and you want to get it all just right. Striking this balance can be a challenge, especially in the early days. It might surprise you to know that one of the most supportive partners you can have on your team will be your accountant,...
Welcome to the December 2021 News Update from Prestige Business Management Wishing you a very Merry Christmas. Prestige Business Management will be closed between 24th – 3rd January. We have a few updates to share with you before we sign off. We understand that it has been a tough year for everyone. We hope that you will be able to enjoy a Christmas break with...
Welcome to the November 2021 News Update from Prestige Business Management November 2021 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Corporation Tax Third Quarterly Instalment Payment – 14 December For very large companies with annual taxable profits exceeding £20m (reduced if company is a member...
The government has recently confirmed that Making Tax Digital (MTD) will apply to income tax self assessment (ITSA) from 6th April 2024. This includes all unincorporated businesses. This applies to sole traders, partnerships and landlords, who file their taxes via self assessment, and are earning over £10,000. MTD for ITSA Start Date Confirmed On 23 September parliament legislated this new start date for MTD for...
Business leaders are well aware of the value of a highly skilled workforce. We are seeing a shift in some industries to ‘remote hiring’ to hunt out top-their talent and shifting to remote work and accelerating digital transformation efforts. However these agile processes can only take the business so far. Here we look at the value of existing staff members and how to grow your...
Welcome to the October 2021 News Update from Prestige Business Management October 2021 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up P46 Deadline – 2nd November Forms P46(Car) for quarter ended 5 October (where benefits not payrolled) to reach HMRC by this date. Employment intermediary’s quarterly...
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