Tax Services Archives - Page 3 of 3 - Daykin Scott

Tax Services

January 13, 2025
Published by Daniel Scott on January 13, 2025
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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.
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November 26, 2024
Published by Daniel Scott on November 26, 2024
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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.
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November 13, 2024
Published by Sophie Daykin on November 13, 2024
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HMRC warns landlords to disclose earnings

As the self-assessment deadline approaches, HMRC is urging landlords to ensure they've accurately reported their rental income. If you've overlooked any income or claimed incorrect expenses, it's crucial to address the issue promptly.
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October 14, 2024
Published by Sophie Daykin on October 14, 2024
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Taxation for Freelancers and Contractors: A UK Guide

If you're a freelancer or contractor in the UK, it's crucial to understand your tax obligations. Unlike employees who have their taxes deducted from their pay, freelancers and contractors are responsible for self-assessment. This means you'll need to calculate and pay your income tax and National Insurance contributions (NICs) directly to HMRC.
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October 7, 2024
Published by Daniel Scott on October 7, 2024
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FRS 102 vs FRS 102 1A: Choosing the Right Accounting Standard for Your SME

Daykin Scott Chartered Accountants breaks down the key differences between FRS 102 and FRS 102 1A, helping you make an informed decision that aligns with your business needs.
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