How to read a set of management accounts
Posted on January 3, 2023 Posted in - Blog, Business, SMEs, SMEs / Business
In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business.
Author: Lamont Pridmore
Income tax thresholds freeze – What it means for you
Posted on December 22, 2022 Posted in - Business News
You could see your Income Tax bill increase significantly in 2022-23 because of a freeze on Income Tax thresholds announced by the Chancellor at the Autumn Statement. While the basic (20 per cent)
What is the ultimate goal of your business?
Posted on December 22, 2022 Posted in - Business News
Planning for the future is essential when running a business and you should have a perspective of where you want to be in three to five years. Goals or targets provide a sense
R&D relief slashed – Time to plan
Posted on December 22, 2022 Posted in - Business News
Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including a cut to the deduction and credit rates for the SME scheme. The
Companies House goes fully digital
Posted on December 22, 2022 Posted in - Business News
Companies House has gone fully digital after the announcement of the closure of its office in London and all filing being transferred online. It has also permanently shut the public counters in Cardiff,
Be prepared for changes to Capital Gains Tax thresholds
Posted on December 22, 2022 Posted in - Business News
The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 from April 2023, before being cut in half again to £3,000 from April
Exam Success for Lamont Pridmore Accountant
Posted on December 21, 2022 Posted in - Business NewsOne of Cumbria’s leading accountancy firms, Lamont Pridmore, is celebrating the exam success of a team member. Anna Brozyna has qualified as a Chartered Accountant after successfully completing a series of challenging professional
Is your business going for growth? Here’s some things you need to think about
Posted on December 21, 2022 Posted in - Blog
You have overcome those initial obstacles in starting a new business and are now trading comfortably. The question is, where do you go from here?
MTD for ITSA postponed by two years
Posted on December 20, 2022 Posted in - Blog, Blogs, Business Blog, Making Tax Digital, MTD
The Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative has been delayed by two years, it has been revealed.
How the personal allowance works
Posted on December 19, 2022 Posted in - Blog, Personal Tax, Personal taxes and finances, Tax, Tax Blog
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.