Archive | Tax

Coronavirus Government Help Update 26 March 2020

Firstly, we at Broadwing want you to know that we are doing everything we can to keep up to date with the financial help that you as clients can access to see you through this Coronavirus period and beyond. It will almost certainly have an impact on the majority of businesses at some point. We […]

Is your bookkeeping “acting” up?

You didn’t become a musician or an actor or a freelance performer to be able to sit there and do paperwork, did you? Unfortunately, as with all self-employed businesses, paperwork is a key aspect, and accounts and tend to run our lives at certain times of the year. Many of us struggle with the amount […]

Actors: Want to reduce your tax?

Your agent has just called, you’ve got an audition…but it’s the other side of the country and it’ll be expensive to get there, and an early start so maybe you need to book a hotel too! Those expenses are slowly adding up… Sound familiar? Check out this post for all your allowable acting expenses.   […]

5 tips for SMEs to protect cash flow

SMEs suffering from late payments often find themselves facing huge tax bills, forcing them to dip into their cash reserves. Here are 5 tips for SMEs to combat a cash flow crisis: – Streamlining business expenses The world is being transformed by the digital revolution, and so too is the accounting industry. Embracing the digital […]

Start of the year checklist for Business Owners!

As we approach the end of 2018, it’s the perfect time to sit and reflect upon your business finances. Did you struggle or exceed your expectation? What was successful and brought in lots of profit? What didn’t go as well and requires further thought?   Whether you’ve struggled or exceeded your expectations, it’s time to […]

Have you met Jane?

Who’s Jane? She struggled with her #accounts…but not any more!! Jane contacted Broadwing Accountancy and they solved all her problems! Call Brian today on 01604 328328 for a FREE consultation!  

I’m going Self Employed. What do I do about HMRC?

Firstly, you need to register with the tax office. This doesn’t need to be done in person; this can be done online. Registration on the HMRC website does take a little time, but ultimately is just a series of form filling pages. Once complete, you are then issued with a password and a UTR (Unique […]

I’m a sole trader; surely, I won’t need to submit 4 tax returns in a year?

Making Tax Digital is HMRC’s idea that both businesses big and small will make fewer errors if they maintain their records more regularly. HMRC are aware many small businesses only write their books up once a year when demanded by their accountants. They also believe that this lack of regular bookkeeping is losing tax for the Treasury […]

accountants

8 Reasons to file your Tax Return early

You’ve probably received a letter from the HMRC requesting for you to complete your 2016-2017 Tax Return. As an indecisive population, many of us will not deal with our self-assessment tax return early – whether they’re personal or whether we’re getting the information to our accountants we will leave it until close to the filing […]

btt