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As a new UK non-profit organisation, you may have found yourself wondering whether or not you’re required to pay tax. The assumption that charities don’t have to pay any tax at all is not true. While you are usually exempt from paying tax on most of your income and gains (if used for charitable purposes),…Read More
A P11D form serves as a comprehensive document in which employers can report specific taxable benefits in kind to HM Revenue & Customs (HMRC). These benefits are either ineligible or intentionally excluded from regular payroll processing, subject to PAYE and NIC deductions throughout the year. The intricacies of what should be included in a P11D…Read More
As a business owner, maintaining your accounts is crucial for the success of your company. To help you manage finances effectively throughout 2024, we’ve compiled a comprehensive list of key accounting dates and deadlines. These include personal tax returns, VAT returns, and more. 2024 Self-Assessment Key Dates The UK tax year spans from April 6th…Read More
Who Needs to File a Self Assessment Tax Return? Navigating the requirements of a Self Assessment tax return can feel overwhelming, particularly if you’re new to being self-employed, a sole trader or generating multiple streams of income. In this article, we’ll assist you in unravelling the complexities of Self Assessment tax returns, ensuring you understand…Read More
Our tailored accounting service for startups and new businesses According to STARTUPS magazine, the number of new businesses incorporated in the UK broke a record in the first quarter of 2023. Despite competition and numerous challenges – including rising inflation and interest rates – Office for National Statistics records show that 202,130 new UK businesses…Read More
How will the change of basis period for income tax affect you? You may have heard about basis period reform, but what does it mean and how will it impact you? For those clients who want to study the new reform in depth, we’ve put together a detailed guide to the change of basis period.…Read More
Engage an accountancy firm to avoid VAT errors and penalties Value Added Tax – or VAT – is a significant consideration for the majority of UK businesses (though there are certain exemptions). Businesses with a taxable turnover above the VAT registration threshold (currently £85,000, June 2023) are obliged to register for VAT. They are then…Read More
What are the duties of a company secretary? As trusted chartered accountants, we are frequently involved with the registration of new companies. During this time, we are often asked: what does a company secretary do and does our company need one? Read on for our guide to this important role – we’ll explain everything from…Read More
Expert guide: how to go about setting up a trust Here at Hartley Fowler, we are pleased to provide a broad range of accounting and tax services to our private clients. One of the subjects we are asked about most frequently is tax planning and specifically how to limit inheritance tax. When asked for strategic…Read More
What does bookkeeping entail and why is it crucial for your business? Here at Hartley Fowler, we provide our clients with a comprehensive range of accounting services including bookkeeping. Our experienced accountants offer bookkeeping services to a range of businesses, from smaller startups to more established enterprises. By maintaining precise and current financial records, we…Read More
The impact of the cost of living crisis on small businesses Running a small or medium-sized enterprise (SME) can be challenging enough as it is. Following hot on the heels of the pandemic, the cost of living crisis has been negatively impacting businesses for some time now. Soaring inflation rates and skyrocketing fuel and energy…Read More
Who can prepare statutory accounts All limited companies in the UK are required to prepare annual accounts – also known as statutory accounts – at the end of their financial year. In our expert guide, ‘How to file annual accounts’, we will provide essential information about statutory accounts, including: 1. What are annual accounts? Statutory…Read More
What is commercial due diligence and what does it involve? Here at Hartley Fowler, we offer a comprehensive range of assurance services, including commercial due diligence for customers who are pursuing a business merger or acquisition. Are you considering expanding your business or company? Or maybe you’re keen to diversify or invest into another sector?…Read More
Guide: how to save on corporation tax As trusted chartered accountants, our clients often ask us how to minimise corporation tax in a legal and legitimate way. In this guide, we will provide an overview, including how and when corporation tax is paid. We will then discuss how to save on corporation tax with a…Read More
How to reduce Capital Gains Tax liability on property investments As a firm of trusted accountants, Hartley Fowler LLP is proud to offer a comprehensive range of accounting services to both business and private clients. We’re often asked to provide support with the most tax-efficient solutions including how to minimise Capital Gains Tax liabilities. This…Read More