Category: Updates

Empowering small businesses, for lasting success.

Little and Often: The Key to Effective Financial Management for Small Businesses

Effective financial management serves as the lifeblood of any small business. It’s the powerful engine that not only keeps the wheels turning but also propels the business forward. From covering day-to-day expenses to providing the fuel needed for growth and expansion, sound financial management is the cornerstone of success. However, navigating the financial landscape can…
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A captivating seascape dominated by expansive, bold clouds, likely captured on the Isle of Wight. The towering, voluminous clouds fill the sky, casting dramatic shadows on the sea below. Amidst the cloudy canvas, the tranquil waters extend towards the horizon, reflecting the soft, diffused light. On the right side of the image, rugged rocks emerge from the water, contrasting with the golden long grains of sand that adorn the shoreline. The interplay of striking cloud formations, serene sea, and contrasting elements creates a mesmerizing coastal vista.

Green Initiatives for Small Businesses: How Accounting Can Drive Sustainability

In the world we live in now, a lot of people care about our planet and the changes happening in the weather. Using ways to do things that are good for the Earth has become important, and not just because it’s a good idea – it’s also a smart way for businesses to grow. Businesses…
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New VAT Penalty System: How to Navigate Smoothly and Ensure Compliance for Your Business!

Effectively managing your business’s VAT obligations is essential for maintaining a thriving operation without incurring unnecessary penalties. The UK government has introduced a new VAT penalty system, effective from January 1st, 2023, designed to simplify the penalty and interest structure associated with VAT. These changes bring positive enhancements, making it easier for small business owners…
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Supercharge Your Small Business: Unlocking Tax Benefits with Capital Allowances

Introduction: As experienced accountants, we understand the significance of maximising tax benefits for small business owners. That’s why we’re here to assist you in unlocking valuable savings through capital allowances. In this comprehensive article, we’ll delve into two exciting allowances: the super-deduction and special rate first-year allowance. By exploring these temporary measures, you can boost…
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The Chancellor’s updates – 26th May 2022

The Chancellor of the Exchequer delivered a Cost of Living Support package to Parliament on 26 May 2022. The package includes a range of features and benefits that will be rolled out throughout the next few months… Energy Profits Levy On 26 May 2022 the Chancellor announced a new tax on the profits of oil…
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I won Sole Practitioner of the Year!

I cannot believe that I won Sole Practitioner of the Year, at Xero’s prestigious annual awards. For those of you that are new here, here’s my story… Isle Book-keep was established in April 2021 by me! Over the past 12 months, I have worked tirelessly to grow the business and support as many business owners…
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Self Assessment Deadline Extended

HMRC gives taxpayers more time to submit their Self Assessment tax returns and pay the tax bill. On 6th January 2022, HMRC announced that they are waiving their penalties for submissions after the deadline of 31st January 2022, up until 28th February, to help ease pressure that Covid-19 has put on businesses across the UK.…
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