How Restructuring Can Help Firms Adapt to Market Uncertainty
Not every business will be able to battle through the headwinds we’re currently facing – for some, market pressures can make the business model unviable in its current form. For many, the only way to secure a long-term future for the firm is to undertake a restructuring process. There are a host of restructuring options […]
Top 5 Accounting Skills for New Business Owners
Every year, more and more people decide to follow their passions and start their very own businesses. However, this venture comes with a task that no one looks forward to – accounting. Although they can be excessively boring, time-consuming and even challenging, accounting and bookkeeping are vital tasks when running a business. Without strong accounting […]
Are you fully tax compliant?
When HMRC implemented Making Tax Digital (MTD) for VAT three years ago they allowed a soft-landing period for businesses to become fully compliant with the requirements of MTD. That soft landing period ended on 1st April 2022, and since then it has been a legal requirement for all VAT returns to be sent digitally and […]
International Women’s Day: Women in Accountancy
Story by: Kat Wellum-Kent, director at MHA Monahans I knew I wanted to be an accountant from the young age of 13. Growing up in a household of businesspeople, accounting was part of everyday life. I used to help my dad with the books for his dental practice and loved it when everything reconciled, I […]
Optimism as small businesses start to get back to normal but financial support lagging behind
Small business owners are feeling upbeat about the prospect of trading getting back to normal but are still struggling with their mental health and finding financial support, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN). All owners reported that business trading is at the […]
HMRC issues warning to every self-employed worker claiming fifth and final SEISS grant before September
Claims for the final Self-Employment Income Support Scheme grant worth up to £7,500 must be made by September 30, 2021. The UK Government has paid out £25.2billion in financial support to 2.9million self-employed individuals whose business has been affected by coronavirus through the Self-Employment Income Support Scheme (SEISS). The latest figures from HM Revenue and Customs (HMRC) show that […]
HMRC reminds tax credit customers to renew before deadline
As the deadline approaches, customers are being urged not to leave their renewal until the last minute and risk their payments being stopped. HM Revenue and Customs (HMRC) has reminded more than 300,000 tax credits customers they have until 31 July 2021 to renew their tax credits claim or risk their payments being stopped. As the deadline approaches, […]
HMRC urges millions of people in the UK to claim up to £500 for free
Nearly 800,000 people who have been working from home during the coronavirus pandemic have claimed tax relief. Millions of workers in the UK are being urged to claim £500, with hundreds of thousands having already cashed in on the free money. Wales Online reports that nearly 800,000 people who have been working from home during the […]
5 steps to improve your confidence and make better business decisions
Being confident and able to make good business decisions are two of the most important skills to enhance your career and make you a better manager and accountant. However, with so much uncertainty it can feel very difficult to make decisions in the current climate. In addition, being confident does not come naturally to everyone, […]
Sunak to reject furlough extension calls despite ‘freedom day’ delay
Initially set as 21 June, Boris Johnson confirmed yesterday (14 June), that due to the rising number of cases of the new Delta variant of the coronavirus, ‘freedom delay’ has been delayed until 19 July. Chancellor Rishi Sunak is reportedly set to reject calls for an extension of the furlough scheme and business rates report to businesses […]