A two-part blog for you this month – with both parts being equally important. First, we look at the importance of tax return deadlines and highlight two key ones that are coming up soon. Next – we explore some good news from the Chancellor. Do you pay tax through Self-Assessment? Then, as part of the […]

Here we are, Lockdown Take Two, and regardless of our thoughts about it, political or philosophical, we just have to do as we are told. So batten down the hatches and lets take a look at what support is available to you. FURLOUGH Furlough has been extended by the government so that they can fund […]

How do you feel about the service you’re getting from your accountant? In the old days, perhaps even in ‘normal’ non-COVID times, it was understandable to accept a standard service. Engaging an accountant who bumps along with you, preparing your annual reports and then patting you on the head with a ‘well done’ or a […]

So – you’ve signed up with Xero Accountancy software! Excellent news! But … that’s just the first step. Taking on a brand new accountancy software platform isn’t a decision you’ll have taken lightly. Numerous questions will cross your mind – How to use Xero? How to install Xero? How to do Xero reconciliation? How to […]

Good news for the self-employed! You’ll be both pleased and relieved. The Government is extending its Self-Employment Income Support Scheme (SEISS) and will pay out another single grant covering June, July, and August. In making this announcement just the other day, the Chancellor, Rishi Sunak, confirmed that this would be the final such payment. How […]

Recently, the government published guidance on the flexible furlough scheme which has been in force since July 1st. Let’s look at the key details. 1. Who is eligible for flexible furlough? Your employees are eligible if they’d been furloughed for at least three weeks prior to June 30th under the old scheme. The exceptions are where parents […]

Did you know – we hold regular networking events? They’re informal, fun and friendly – but they’re good for business too. Rather than shout about them myself, I recently asked Stephen Church of Copywriter Pro to describe his experience of the Mad Hatters Tea Parties. For me, one of the joys of working as a […]

The Coronavirus crisis is hitting almost every business – almost certainly including yours. For many, despite the difficulties and challenges, business must and will go on. So – we’ll still be publishing articles, like this one, to keep you up-to-date with the very latest business news. Are you a VAT-registered sub-contractor? If so, then from […]

Have you been hit in the last few weeks by an HMRC penalty? Maybe you were late in submitting your self-assessment. Perhaps you delayed by your tax beyond the January 31st deadline. Either way, no-one enjoys paying fines and maybe – just maybe – in your case, the penalty is unjustified. Of course, it all […]

March 1st. The phone at Mad Hatters Accountancy rings. As is so common at this time of year, it’s a nagging, urgent kind of ring – almost panicky. We just know what’s going to happen next – “Mad Hatters Accountancy – how can I help?” “You’ll never believe what’s happening! Surely they can’t do this […]