Vale & West Chartered Accountants Blog

Crafting success: Selecting the right business framework

In order for your business to be both financially secure and successful, you need to ensure you choose the right business framework.

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Have your employees claimed their pensions? What business owners need to know

The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs. Recent data reveals that unclaimed pensions amount to a staggering £28,000 per person.   Read More

Business expenses you didn’t know you could write off

When you’re running a small business, every penny counts, including those you can save through legitimate tax deductions. Read More

Cloud-powered accounting: Advancing beyond traditional cloud accounting systems

In modern businesses, cloud accounting has now become the norm rather than the exception.

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Planning for Inheritance Tax challenges as penalties surge in 2022/23 tax year

While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate planning. Read More

How to save £2,000 in taxes on your childcare costs  

A Government scheme could help parents save up to £2,000 on their childcare costs through tax reliefs aimed at working parents.   Read More

Best practices for business and personal finances

Mixing personal and business finances is a common mistake that many entrepreneurs, freelancers, and small business owners make.

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Cash flow vs profits: a guide for small business owners

As a small business owner, you’ve likely heard the terms “cash flow” and “profits” used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business. Read More

Three things to consider when forecasting your finances as a small business owner

Forecasting is the act of looking at past and present financial data to predict future costs, expenses, and profits. Small businesses do this to tailor their business model more effectively. Read More

Navigating estate planning and Inheritance Tax: what you need to know

HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.

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