Preparing for the tax season as a small business owner
If you own a small business, it may seem like every season is tax season, but to avoid sleepless nights as the end of the financial year approaches in April it’s even more important to keep on top of your tax affairs. Check out our list of preparations to guarantee your business glides smoothly into […]
Common bookkeeping mistakes and how to avoid them
There are myriad traps which business owners can fall into when it comes to bookkeeping, all of which can have serious financial and legal consequences. We’ve listed six of the most common ones below – have a check and make sure your business is fully up to speed. Poor record-keeping This is a very common […]
Pros and cons of voluntary VAT registration
The decision as to whether you should register for VAT is an important one for any business owner, but as with any tax issue, it’s not straightforward! In this blog, we go over the pros and cons to help you decide whether it’s right for your business. VAT is a tax levied on most goods […]
What you need to know about tax changes in 2023
As always, a new tax year means changes about which businesses need to be aware. Developments over the last six months have made it even more vital to keep on top of government policy. Check our list below and ensure your business is up to speed. Increase in Corporation Tax From April 2023 the main […]
Five things to do before starting a business
Starting a new business is both an exciting and daunting time. While you’ll want to nail your business plan and think about how you’ll attract customers, it’s also vital to ensure that the practical aspects are taken care of. The team at AMR Bookkeeping Solutions know the challenges of building a business from scratch and […]
HMRC delays Making Tax Digital deadline for self-employed businesses and landlords
HMRC have delayed the Making Tax Digital (MTD) deadline for self-employed businesses and landlords. The deadline for these groups was originally April 2024, however, the government have announced that they are pushing it back due to the current challenging economic circumstances. Here, the team at AMR Bookkeeping Solutions provide everything you need to know about […]
Wishing you a very Happy Christmas!
As we reach the end of 2022, we would like to wish all our clients a very Happy Christmas and New Year from the entire team at AMR Bookkeeping Solutions. For many of us, 2022 has been an unsettling year. The invasion of Ukraine, the cost-of-living crisis, political instability in the UK government and rising […]
A guide to telling HMRC about a new employee
When you hire someone new, you will usually need to inform HMRC. There are a number of steps you will need to go through to get the correct information about your new starter and set them up in your PAYE system. Here, the team at AMR Bookkeeping Solutions provides their guide to telling HMRC about […]
What happens if you do not report payroll information on time?
Companies with one or more employees must report their payroll information each month. Filing your payroll information is important as it allows HMRC to calculate the correct amount of PAYE that you owe – and HMRC has penalties in place for late or non-filing PAYE information. Here, the team at AMR Bookkeeping Solutions discusses the […]
December Newsletter
As another year draws to a close it is often the time for reflection and to set those New Years resolutions! The last two years have shown us that we should appreciate the small things in life and here at AMR we will be celebrating the Christmas period with our own loved ones. We […]
