Spring Budget Highlights 2023

https://www.ispeech.org Tax on dividends Currently, the first £2,000 of dividends is chargeable to tax at 0% (the Dividend Allowance). This will be reduced to £1,000 for 2023/24 and £500 for 2024/25. Dividends received above the allowance are taxed at the following rates for 2023/24: As corporation tax due on directors’ overdrawn loan accounts is paid […]

Joe Trodden – Mindset Experts

iSpeech Joe Trodden – Mindset Experts Case Study Background Joe is a small business owner who approached Anna Goodwin Accountancy (AGA), to review his year-end accounts and corporation tax prepared by his existing accountant. Joe specifically wanted to double-check that a journal had been entered correctly. As a mindset expert who assists entrepreneurs across the […]

What should I charge? 6 ways to make sure your price is right

Portrait of confident and successful African-American businessmen hiring new accountant in their com

Over the last ten years or so I’ve seen the role of accountants change. You are no longer only there to make sure your client has hit all their deadlines. More is needed from you!
You are needed as an advisor. Clients fear making a mistake and you are there to support them. As a result, your charges should reflect that.

Accountants: 4 Steps to Live the Life you Want in 2022

Young accountants looking at data on touchpad display during discussion

As we start the new tax year it feels like a new beginning. The longer days encourage us to be hopeful about the future. There’s never been a better time to plan what you are going to achieve in your career in accountancy over the next 12 months. You spend so much of your life in work that you need to be sure you are enjoying it!

Anna’s Accountancy Alerts – Week 51 (21st – 27th March 2022)

Top view of two entrepreneurs studying tax law

iSpeech.org HMRC has raised interest rates HMRC has increased the current late payment interest rate applied to the main taxes and duties to 3% from 2.75% with effect from 21 February 2022. The 3% rate applies to late payments for: income tax National Insurance contributions capital gains tax stamp duty, SDLT and stamp duty reserve tax. […]

Spring into action today with a Strategic plan

Team working on a plan

A strategic plan helps you focus on the future for you and your business. What do you want to achieve? Until you know, there is no way you can work towards success. Therefore, you need a plan of action, a strategic plan to guide you on your way.

Anna’s Accountancy Alerts – Week 49 (7th – 13th March 2022)

20 British pounds bills lies in big pile. Rich life conceptual background

https://www.ispeech.org VAT penalty rules This was due to take effect on 1 April 2022 but these changes will now be introduced on 1 January 2023.  However, the alignment of VAT penalties and interest with those that will apply for direct taxes, e.g. income tax and capital gains, will go ahead as planned in two stages […]

Anna’s Accountancy Alerts – Week 47 (21st – 27th February 2022)

Talking on phone

https://www.ispeech.org Scam HMRC phone calls Reports of scam HMRC phone calls have fallen by 97% over the last 12 months, according to the latest figures from the tax authority. According to HMRC, reports of scammers impersonating HMRC in phone calls peaked at 79,477 in March 2021 and fell to just 2,491 in December 2021. This […]