DNA Accountants

This week's #AutumnStatement, what it means for #smallbusiness... Revenue raisers affecting #smallbusiness owners for the next five years are likely to include #VAT, #NationalInsurance and #CapitalGainsTax >> smallbusiness.co.uk/autumn-stateme…

#AutumnStatement to impose UK #roadtax on #electriccars: This is the first sign of a chancellor “dipping a toe in the water” to address the fall in motoring #tax #revenues caused by the transition to battery-powered vehicles >> ft.com/content/405467…

Fresh from the DNA #Accountants blog 📰 Although the end of January is still a few weeks away, did you realise that filing your #taxreturn sooner rather than later has a number of advantages? Find out what they are here >> dna-accountants.co.uk/file-my-tax-re… #accountant #bookkeeping #surrey

There’s a reason almost every company in the UK uses an #accountant for this – it’s a time-consuming and difficult process, and getting it right will take a lot of time and effort that could be spent boosting your #business in other ways >> startups.co.uk/accounting/how…

#TopTipTuesday: Set Reminders for Important Deadlines ⏰ As a #businessowner with so much on your plate, it’s easy to lose track of when you should be running payroll and invoicing. To avoid missing deadlines make a reminder in your calendar, online or even on your smartphone.

#HMRC issues #tax return warning for payment that everyone has forgotten about! People are being reminded that they must declare these payments on their #taxreturn >> mylondon.news/news/cost-of-l…

How #businesses can respond to the #BankOfEngland #baserate >> The wider economy is challenging which means businesses may need to revisit their business plan and pivot their strategy in response, here are some tips for responding to base rate changes... simplybusiness.co.uk/knowledge/arti…

Did you know... One in five #freelancers doesn’t know about #MakingTaxDigital!! Find out more >> digitaljournal.com/pr/one-in-five…

#HMRC is reminding #SelfAssessment customers that they must declare COVID-19 payments in their #taxreturns for the 21/22 #taxyear. These grants are #taxable and should be declared before the deadline on 31 January 2023... gov.uk/government/new…

What is #bookkeeping and why is it important? It's the process of keeping #financialrecords of your #soletrader business – in simplest terms – keeping track of money your #business makes / spends and keeping tabs on cash in the bank... #TopTipTuesday smallbusiness.co.uk/bookkeeping-wh…

#Halloween Horror stories 🎃🧛👻 #Accountants recall their scariest #selfassessment #taxreturn #nightmares >> accountingweb.co.uk/practice/gener…

There's no need to be afraid of tax returns 👻🦇🕸️when you have a great accountant (🎃DNA Accountants🎃) on hand... dna-accountants.co.uk/are-you-afraid… #accountant #accountants #epsom #surrey #taxreturns #surreybusinessowners #halloween

⚠️WARNING⚠️ If you're submitting a paper version of the #selfassessment #taxreturn, the deadline to file is just days away, on 31 October. And if the #taxoffice receives it later than Monday you will liable for a £100 fine 💷 >> moneysavingexpert.com/news/2022/10/f…

#Thepound has hit its highest level since mid-September, as investors welcomed the appointment of the new prime minister and the #dollar fell. #Sterling surged by 1.9% to $1.149 on Tuesday - the highest it has been since before the #minibudget >> bbc.co.uk/news/business-…

Save for those #taxbills 💰 #TopTipTuesday Not all the money you take as payments is yours, even if you may have generated a #profit (revenue minus costs)! You will undoubtedly owe some money to the #taxman. Try and save approx. 25% of your total #income.

As a #newbusinessowner, one of the most important decisions you’ll have to contend with is the structure and legal status your #business will use moving forward: will you operate as a #soletrader or as a limited company? #MondayMotivation smallbusiness.co.uk/structure-sole…

£2,000 in #governmentfunding available to help with #childcarecosts: #HMRC is encouraging families across the UK to not miss the opportunity for government-funded help towards their #childcarefees >> gov.uk/government/new…

🗓️ REMINDER 🗓️ The deadline for filing paper tax returns for the 2021 to 2022 tax year is 31 October 2022. #tax #taxreturn #taxdeadline #taxreminder #taxes

How does #HMRC's #MakingTaxDigital penalty system work? The new #MTD penalty system is points-based and is due to replace the existing penalty regime in January 2023. Penalties for not complying with MTD will depend on the MTD rules that apply to you... xero.com/uk/programme/m…

#TopTipTuesday: Certain #workclothes count as #expenses 👕 But don’t get too excited, you can’t expense a new wardrobe! However, certain professions are allowed to make #flattaxrate #deductions each year for clothing necessary for work, such as labelled uniforms or safety gear 👷