Vale & West Chartered Accountants Blog

How your business can benefit from using Management Accounts

Vale & WestApr 25,2024
Blog,Blogs,Business,Business Blog,Finance,SME,SMEs,SMEs / Business

Management Accounts consist of regularly updated reports for both internal managers and external stakeholders or investors.

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HMRC has clarified tax rules on commuting for hybrid and remote workers

Vale & WestApr 24,2024
Blog,Blogs,Business,Business Blog,HMRC,Home working and expenses,Tax,Tax Blog,Tax News

In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.

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Ahead of the 6 July deadline, remember that P11D rules are changing

Vale & WestApr 23,2024
Blog,Blogs,Business,Business Advice,HMRC,Insurance,SME,SMEs,SMEs / Business

If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC).

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Why are business plans so important?

Vale & WestApr 18,2024
Blog,Blogs,Business,Business Advice,Business Blog,Family Businesses,Finance,SME,SMEs,SMEs / Business

Many believe that business plans are only necessary for start-ups and new enterprises.

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Making MTD for ITSA easier for landlords

Vale & WestApr 17,2024
Blog,Blogs,Business,Business Blog,Finance,Making Tax Digital,MTD,Self Assessment

Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) represents a significant shift in how individuals, including landlords, must report their income and manage their tax affairs.

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Reviewing your payroll? Check what’s changed

Vale & WestApr 16,2024
Blog,Blogs,Business,Finance,Financial Planning,Payroll,SMEs,Tax,Tax Blog

With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around pay, holiday and tax.

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What are the benefits of using the HMRC app?

Vale & WestApr 11,2024
Blog,Blogs,Business,Business Advice,Finance,HMRC,MTD,Tax,Tax Blog

The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions.

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Due a tax rebate? Keep an eye on your account

Vale & WestApr 9,2024
Blog,Blogs,Business,Finance,HMRC,Latest News,SMEs,SMEs / Business,Tax,Tax Blog,Tax News,Tax Planning

In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.

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Plan a little, achieve a lot – Destress with effective tax planning

Vale & WestApr 3,2024
Blog,Blogs,Business,Business Advice,Finance,Financial Planning,SMEs,SMEs / Business,Tax,Tax Blog,Tax News,Tax Planning

April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on those of you who are turning your attention to tax planning for the coming year.

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April Fool’s Day is passed but you could still get scammed

Vale & WestApr 2,2024
Blog,Blogs,Business,Business Blog,Fraud,Scam,Tax

April Fool’s Day, a time of jokes and jests, may have been and gone… 

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Telephone: 0118 957 3238
Fax: 0118 956 7282
Email: accountants@valewest.com