The Construction Industry Scheme (CIS) is a set of special rules covering tax and national insurance for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’ and should be aware of the tax implications of the scheme. Under the scheme, contractors are required to deduct money from […]
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If you are a business owner, particularly the owner of a new business, a business loan could make the difference and allow you to secure important inventory or equipment, helping you to take the next steps in growing your business. When applying for a business loan, the application process involves multiple steps, so you should […]
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The UK government is proposing new powers for law enforcement agencies to tackle cybersecurity threats and online crimes. Proposed changes to the 1990 Computer Misuse Act (CMA) are set out in a consultation paper. The CMA is arguably overdue for review and reform, given the evolution of technology and cyber threats to businesses and individuals in […]
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Running a business is a challenging endeavor, and managing the financial aspects of it can be overwhelming. That’s where TT Accountancy comes in. With years of experience and a team of highly qualified accountants, TT Accountancy can provide you with the financial guidance you need to make informed decisions and take your business to the […]
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As a small business owner, managing your finances can be overwhelming. But with the right accounting strategies, you can keep your finances in order and make informed decisions to grow your business. Here are five accounting tips for small business owners: It’s essential to keep track of all your business expenses, including receipts, invoices, and […]
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Many of us are beginning to feel the impact of the cost-of-living crisis, which can affect all aspects of life, especially if you have a business to run. Small changes to the way you operate, such as identifying alternate suppliers, and putting energy saving measures in place can have a significant impact on your overall […]
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When it comes to registering your business, you have a big decision to make. Today, we’re looking at the advantages of being a sole trader and what it means for your venture over the long term. Self-employment is on the rise, with more and more individuals deciding to go solo and set up their own […]
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Wondering whether you need a bookkeeper or an accountant? Is there actually any difference at all? The experts at TT Accountancy explain all you need to know. Many firms offer a range of business accounting services to support better financial development and growth for your company. These can range from payroll solutions to economic consultancy and profit […]
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Self-employment is on the rise, and it has been for quite some time. Figures show that since 2001, we’ve seen more than a million new self-employed workers move over from traditional forms of employment. That puts the current UK’s working population at over 15% self-employed. Self-employment appears to be a very attractive opportunity. With that in […]
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In accountancy, standards are used to ensure consistency throughout the industry. They also exist to promote transparency and to ensure the information provided is consistent, relevant, and useable – saving time and resource for the provider as well as the party under scrutiny. Accounting standards are critical so that companies working in tax and accountancy can deliver […]
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