As a start-up it can be very difficult to get your business off of the ground. Many start-ups need a start-up business grant in order to get their ideas up and running. These are usually provided by private investors, or are government grants. Grants for small businesses can typically be hard to acquire, but recently the government has rolled out a new future fund.
All Businesses must know what the Corporation Tax rates are. Knowing the rates will help them understand what amounts they will need to pay each Tax year, and how these changes will affect their businesses.
Who will the increase in Corporation Tax affect?Companies and non-ring fencing businesses that pay Corporation Tax are more likely to be affected by this increase.
What rates will each Corporation have to pay?This new measure sets the base rate for all non-ring fenced Corporations to 19% for the financial year beginning in April 2022, a Corporate Tax rate of 25% for the financial year starting in April 2023. This increase comes with new requirements. For instance, the 25% Tax rate applies...
The Accountant fees in the UK will vary depending on a list of different things. This list includes; the location of the businesses, what the needs are and how recognised the company is.
The typical Accountant Fees for the UK.The typical costs for an accountant in the UK could be around £35 per hour for essential services. Essential services would be working on returns or bookkeeping. For more complicated work such as Tax planning, it could cost about £150 an hour or slightly more. Accountant Fees will lean towards the higher price range in London. Accountants in London will tend to charge a larger amount because they deal with wealthier clients. The difference will tend...
VAT returns are an important part of every company’s annual accounts. These returns are typically paid to HMRC every 3 months, and can cause you to be fined if they are submitted incorrectly or not on time.
With technological advancements driving the way we live life in the present and future, it is no doubt that artificial intelligence has its beneficial uses for assisting accounting services. In fact, AI is taking over more traditional accounting duties than ever before- speeding up the process of data inputting and report building. However like all new systems, there are pros and cons to this. Continue to read to find out more about the impact AI has for the future of accountancy.