Finance

Tax Guru

Local Accountancy Practice Develops Tax Guru Advice App

27th July 2018

Congleton-based accountancy firm, Paul Austen Associates has launched an innovative Amazon skill, Tax Guru, to provide expert advice on personal and business tax. A first of its kind, the Tax Guru has been developed to help businesses with everyday tax advice including information on the recent GDPR legislation and money saving business tips. The accountancy… Read more »

Tax

Record amount of tax collected by HMRC

20th July 2018

A ‘record amount’ of tax has been collected by HMRC, official data has revealed. The data showed that, in the year to April 2018, HMRC collected a total of £605.8 billion in taxes – an increase of 5.4% when compared to the figure recorded in the previous year. Of this total amount, £186 billion was… Read more »

Mortgage lender

Does The Bank of Mum & Dad Need its Own Bank Manager?

30th May 2018

Following the news that the ‘Bank of Mum & Dad’ is officially now the ninth biggest mortgage lender in the UK, Managing Director of Parsonage Financial Planning Flora Maudsley-Barton and Director Malcolm Wallace explain the importance of careful financial forecasting while taking a look at how helping a loved one on to the property ladder… Read more »

capital investment

Local Accountant makes a Capital Investment

4th May 2018

Cheshire-based accountant, Paul Austen Associates has made a heavy capital investment in their automated systems, to continue supporting their clients in light of new government legislation. The European Union’s General Data Protection Regulation (GDPR) comes into force at the end of the month (25 May), allowing the public more control over how organisations use their… Read more »

tax digital

What does Making Tax Digital (MTD) mean for Businesses?

25th April 2018

Howard Worth Chartered Accountants and Business Advisors are running a series of events to help prepare businesses for the implementation of the Making Tax digital system in April 2019. VAT Registered Businesses with a turnover above the VAT threshold (£85,000) will be required to maintain their business records digitally, submitting their VAT Return through software… Read more »

financial planning

Parsonage Financial Planning encourages ‘new tax year resolutions’

23rd April 2018

The managing director of an Altrincham based financial planning firm is encouraging the North West to make ‘New Tax Year Resolutions’ to stay on top of money-management. As the new fiscal calendar begins, Parsonage Financial Planning’s Flora Maudsley-Barton is urging both business owners and individuals alike to take note of the new rules put in… Read more »

Tax

Making Tax Digital pilot opens for the self-employed

29th March 2018

HMRC has recently launched a Making Tax Digital (MTD) pilot for income tax for self-employed taxpayers. This is currently open to sole traders with income from only one business, whose current accounting period ends after 5 April 2018. To take part in the pilot, sole traders will need to send income and expenses summaries to… Read more »

Peter black alternative finance

Alternative finance business gets thumbs up from the regulator

21st March 2018

North West entrepreneur, Alwin Thompson and former senior banker, Peter Black have announced the launch of an alternative finance advisory business, Snowball Alternative Finance, having secured Financial Conduct Authority (FCA) approval for the new business. Based in Cheshire, Snowball Alternative Finance will assist SMEs looking to fund growth of their businesses. The company is fully… Read more »

small business late payment unpaid invoices

Average UK small business owed £63,000 in late payments

12th March 2018

Research carried out by commercial data provider Dun & Bradstreet has suggested that the average UK small business is owed £63,881 in late payments. A further 11% of small firms are owed between £100,000 and £250,000 in such payments, Dun & Bradstreet found. A lack of payment has created cash-flow issues for 35% of firms,… Read more »

Picture of Paul Austen of Paul Austen Associates pension enrolment

Cheshire Accountant Issues Warning for Late Pension Enrolment

1st March 2018

Cheshire accountancy firm, Paul Austen Associates, fears that local businesses are facing severe penalties after missing the 1 February deadline for the auto pension enrolment scheme and urges them to take immediate action. The firm, with offices in Congleton and Stoke explains that employers with a thirty strong team or less were given until the 1… Read more »