Business Compliance Archives - Daykin Scott

Business Compliance

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 10, 2024
Published by Sophie Daykin on October 10, 2024
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Understanding UK Statutory Accounts: What every SME should know

As a small or medium-sized enterprise (SME) in the UK, understanding statutory accounts is essential to your financial health and legal compliance. Statutory accounts, also known as annual accounts, are a legal requirement for all limited companies registered in the UK.
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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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