Tel: 0161 272 0527 Mob: 07584 176 724 | Email: info@northwoodaccountancy.co.uk
A good accountant is more than just a bookkeeper; they are a strategic partner who can help guide your business towards financial success. Whether you are a small business owner, a freelancer, or an individual seeking personal financial advice, the benefits of engaging a skilled...
Small businesses are the backbone of any economy, employing millions of people and contributing to the growth and development of local communities. However, small businesses are often more vulnerable to changes in economic conditions, particularly when it comes to interest rates. In this blog post,...
PAYE tax is an acronym for "Pay As You Earn" tax. It is the tax that is deducted from the salaries of employees before they receive their take-home pay. The UK government uses this system to collect income tax and National Insurance contributions (NICs) from...
Accountants are an essential part of any business which aims to achieve growth and success. These professionals are experts in financial management, tax planning, risk assessment and compliance. Here are some reasons why your business needs an accountant. 1. Mitigating Risks with Tax Planning Tax laws change...
HM Revenue and Customs (HMRC) is the UK government agency responsible for collecting taxes and enforcing tax laws. The department was formed in 2005 following the merger of Inland Revenue and HM Customs and Excise. HMRC’s primary duty is to make sure that individuals, businesses, and...
Making Tax Digital (MTD) is a government initiative in the United Kingdom that aims to modernize the tax system and make it more efficient and easier for individuals and businesses to comply with their tax obligations. The main goal of MTD is to reduce the...
Accountants play a crucial role in the financial world, providing services such as tax preparation, financial statement analysis, and budgeting. As such, many people wonder if accountants need to be registered in order to practice their profession. The answer to this question depends on the...
Companies are required to stay on top of its administration and management of financial records. Small business bookkeeping in Bury offers short and long term benefits including improvements in organization of finances and tax, professional maintenance, and cost effectiveness. A closer look at the supportive...
A gift is offered to someone without expecting something in return. In such a case, it seems implausible that a gift would cause capital gains tax liability. Therefore, gifts - beware capital gains tax may be payable. While the person receiving the gift will generally need...
It is possible to get some money but quite impossible to multiply and retain it for long if you lack financial education. Many people neglect the topic on finance, but little do they know it has everything to do with money multiplying, handling, and retention....