Yorkshire Accountancy

BUSINESS ADVICE BLOG

Growing Your Business

There are many challenges involved in setting up and running a business. Once your business is up and running and things are going well, you will naturally begin to look for new ways and different opportunities to grow your business. There are many ways to expand a good business. First and foremost you will need […]

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Accounting errors revealed to have been made by black cab maker, hinting at importance of reliable online accounting services

Drawing upon reliable online accounting services like those available from Yorkshire Accountancy can assist many companies in averting the kind of accounting mistakes recently revealed to have been made by London black cab maker Manganese Bronze Holdings plc. The company was recently forced to delay revealing its half-year results following revelations of accounting errors responsible […]

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Seeing the Big Picture in Business

Running a business or a department in a large organisation can be stressful and complicated. It is not uncommon for managers and directors become entrenched in the day to day operations of the business. As a consequence they frequently lose sight of the bigger financial picture. At times there can be a failure to equate […]

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Self-Assessment Deadline – have you completed your self assessment tax return?

Self-assessment is applicable for the purpose of income tax. When tax returns are sent by an individual to the HM Revenue and Customs, a self-assessment statement is received stating the amount the tax payer owes. In case an excess amount has been paid in advance, such an amount will be refunded. Generally under this system, […]

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Meeting the Challenge in Business. Strategic business planning is vital.

It is absolutely amazing how quickly the first quarter of the year has flown past. One minute it was Christmas and the next we had arrived at the beginning of May. For most businesses the first quarter of the year was one of fluctuations and changes. Not only have businesses faced an economic storm they […]

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Tax Office Targets eBay And Amazon Traders

Her Majesty’s Revenue and Customs (HMRC) ceases to offer a warning for tax without forgiveness. HMRC has decided to target professional sellers who are lagging in tax payments, and they will have to repay with penalties. These sellers have been given orders to pay the taxes they owe added with the interest and fines calculated […]

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Does Your Business Need An Accountant

As an accountant I frequently hear business people debating the use of accountants. Naturally as an accountant I often feel puzzled as to why individuals do not understand or see the value in engaging an accountant. At other times I am really amazed at how business people perceive accountants and the role they play within […]

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What is a TAX Return?

  A tax return is a very common form that reports the details of your taxable income, capital gains and tax allowances and relief from the past calendar year. HM Revenue and Customs (HMRC) may issue a tax return to you for every tax year, which runs from April 6 of one to April 5 […]

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Tax Returns for Individuals and Directors

Paying too much tax can occur for many different reasons. It can be as simple as having an incorrect tax code or the failure to claim allowances to which you are entitled. Her Majesty’s Revenues and Customs (HMRC) are very good at providing information about tax returns. Additionally information about statutory tax obligations is also […]

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What is an Annual Return?

So what is an annual return? An annual return is a snapshot of important company information that details the founding, type, financial markers, directors, registered numbers, and more important information about a company so that the government and customers can understand and follow the legitimacy of an organization. It should be noted that an annual […]

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Why It’s a Good Idea to Outsource Your Bookkeeping

Bookkeeping, or accounting, is the recording of all financial transactions for a business or individual, ranging from income and receipts, to sales and purchase records, and more financial organisations. In the whole, bookkeeping works to fully give an idea of how a company or individual is doing financially in a certain time period.   Not […]

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Are You Paying Too Much Tax

Mention the word ‘tax’ to a business owner and you are guaranteed to receive some kind of reaction. Faces may become contorted, eyes may glaze over or you may hear verbal expressions of how frustrated people are with paying taxes. It is a natural reaction given that very few business owners will enjoy or be […]

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