Small Business Advice Archives - Daykin Scott

Small Business Advice

November 26, 2025
Published by Sophie Daykin on November 26, 2025
Categories

Autumn Budget 2025: The Complete Guide for Individuals and Business Owners

As part of its ongoing efforts to modernise the UK tax system, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This initiative aims to streamline tax reporting, reduce errors, and encourage the use of digital record-keeping.
Do you like it?0
0 Read more
November 6, 2025
Published by Sophie Daykin on November 6, 2025
Categories

Making Tax Digital for ITSA: What You Need to Know Before 2026

As part of its ongoing efforts to modernise the UK tax system, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA). This initiative aims to streamline tax reporting, reduce errors, and encourage the use of digital record-keeping.
Do you like it?0
0 Read more
July 29, 2025
Published by Daniel Scott on July 29, 2025
Categories

Understanding Penalties for Late Self-Assessment Submissions and Payments

Self-Assessment tax returns can feel like a chore, but missing the submission or payment deadlines can lead to penalties that could have been easily avoided. To help you stay informed and avoid unnecessary costs, here is a breakdown of the penalties HMRC imposes for late submissions and payments for Self-Assessment.
Do you like it?0
0 Read more
February 12, 2025
Published by Sophie Daykin on February 12, 2025
Categories

Selling a Property Abroad: Tax Implications for UK Residents

Selling a property abroad can feel like navigating a labyrinth of legal, financial, and tax considerations. If you’re a UK tax resident, you’ll need to carefully manage the tax implications that come with such transactions.
Do you like it?0
0 Read more
January 15, 2025
Published by Sophie Daykin on January 15, 2025
Categories

Tax Season 2025: What You Need to Know Before the January 31st Deadline

At Daykin Scott Accountants, we’re here to ensure you don’t fall into the last-minute rush or risk costly penalties. Here’s everything you need to know to get ahead this tax season.
Do you like it?0
0 Read more
January 13, 2025
Published by Daniel Scott on January 13, 2025
Categories

Navigating Rising Business Costs in Sutton Coldfield and the West Midlands: Strategies for SMEs

Small and medium-sized enterprises (SMEs) in Sutton Coldfield and the West Midlands are currently facing significant challenges due to escalating operational costs. Factors such as increased energy prices, higher wages, and supply chain disruptions are exerting pressure on local businesses, leading to concerns about sustainability and profitability.
Do you like it?0
0 Read more
December 1, 2024
Published by Daniel Scott on December 1, 2024
Categories

Mastering UK GAAP Compliance: A Guide for SMEs

Compliance with the UK's Generally Accepted Accounting Practice (UK GAAP) is essential for small and medium-sized enterprises (SMEs). Beyond fulfilling legal obligations, adhering to these standards enhances financial transparency, boosts stakeholder confidence, and supports long-term growth. At Daykin Scott Accountants, we specialise in helping SMEs navigate the complexities of UK GAAP. This guide will explore the key requirements, challenges, and how your business can achieve compliance with ease.
Do you like it?0
0 Read more
November 26, 2024
Published by Daniel Scott on November 26, 2024
Categories

Companies House Simplifying Reporting Rules: A New Era for UK Small Businesses

At the heart of these changes is a proposal to raise the size threshold for what qualifies as a “small company”. This adjustment means more businesses will soon fall under a less stringent reporting framework.
Do you like it?0
0 Read more
12
MENU