CWR Blog

Here is a brief guide to Self Assessment deadlines and the information you will need to give to your accountant so they can complete your Tax Returns on time. Self Assessment                                                                                                                              Deadline Register for Self Assessment                                                                                      5th October 2019 Paper Tax Returns                            […]

Finding the right accountant is key to ensure time, cost and effort are not wasted. Choosing an accountant is an important decision for any business, so you need to understand how an accountant can add value to your company. How can an accountant help me? Accountancy firms help with company audits, payroll, taxation, bookkeeping and […]

Last year, HMRC imposed a record £860m in penalties on individual taxpayers, up 24% from £694m in 2017/18, according to accounting group UHY Hacker Young In 2018/19 (year-end May 31st), HMRC imposed a record £860m in penalties on individual taxpayers, up 24% from £694m in 2017/18, according to UHY Hacker Young. An increasing number of people are struggling […]

How does Summer affect you? Many business owners struggle with taking time away from their business. It’s important to have time away to recharge the batteries and to re-evaluate where you are going with it. If you are a small micro business you might not have an army of staff to take care of things […]

  Many VAT registered businesses with a taxable turnover above the VAT threshold are now required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT Returns. To start the process you will need: Compatible software to submit your VAT Return Information about the business you’re signing up A Government […]

If you’re looking for an Accountancy Firm to handle book keeping, payroll, taxation or to conduct company audits for you or your business, you want to be sure that you’ve picked the right people for the job. When you’re making such a big commitment, it’s crucial to spend some time with your potential accountants – […]

Investing in accounting services, by hiring an accountant and using accounting software, helps you track your finances and make smart financial decisions for your small business. Growth in business is a good thing, but rapid growth can cause growing pains, especially when it’s unexpected and unplanned. Forecasting helps you predict growth to ensure your infrastructure, […]

Financial advisers preach the benefits of outsourcing back-office tasks. The most time-consuming of these is payroll. It’s a common misconception that keeping payroll within your business saves money. Outsourcing payroll is both time efficient and incredibly cost effective. It saves your company money by reducing internal labour costs. Although your business may be small, it’s […]

When 31st January comes around, every business owner and sole trader who has earned in the previous year needs to have a taxation assessment filed with HMRC. The deadline soon creeps up, and many people will now be panicking about their taxes and trying to get everything in order. If you are struggling with your […]

When working for yourself, the stresses and strains of Self-Assessment Tax Returns can be avoided through good organisation and forward planning, as well as utilising the skills of a trained accountant to deliver an accurate return. Make sure you take time to understand the self-assessment process, including what is required for the actual form as […]