Accountancy and Tax Services
NS24 understand that businesses vary in shape and size. Regardless of whether you trade as a sole trader, partnership or limited company, accountancy is fundamental to any business. Our team are experienced in preparing sole trader, partnership, limited liability partnership and limited company accounts.
Bookkeeping can be a time-consuming task that demands complete concentration so that records are efficiently kept and completely accurate. For this reason, many businesses choose to outsource bookkeeping to a reliable and trustworthy accountant.
Cash Flow Forecasting
Cash flow is the "life-blood" of all businesses particularly start-up and small businesses. If a business runs out of cash and cannot obtain new finance, it will face insolvency. It is vital that the management forecast cash levels.
Construction Industry Scheme
Under the CIS contractors deduct money from a subcontractor’s payments and pass these onto HMRC. These deductions count as advance payments towards the subcontractor’s tax and National Insurance.
Corporation tax is a tax on the profits made by limited companies. It is mandatory for all companies to file a corporation tax return to HMRC each year. At NS24 we will calculate your corporation tax accurately in a timely manner.
It can be difficult to keep up to date with the latest tax legislation. The team at NS24 working closely with you to ease the burden of online form filling and meeting various tax deadlines.
Cloud Accounting & Business Resources
We manage all aspects of your business in the cloud and provide real-time information when and where you need it.
Largest increase to the minimum wage announced
The government has announced substantial increases to the national living wage (NLW) and national minimum wage (NMW) rates from 1 April 2024, and a key change for workers aged 21 and 22. What are the new rates going to be and what is the key change?
HMRC declares tax planning option for landlords ineffective
HMRC has issued a warning that the use of a limited liability partnership (LLP) with a corporate member to reduce taxes is an ineffective avoidance scheme. What are the details, and what should you do if you’re using one?
All Budget dates now confirmed
As well as the main Budget, which is next week, the Scottish and Welsh governments have now confirmed when their devolved equivalents will be published. What do you need to know?
Tribunal rules on whether expenditure was deductible for capital gains tax
The First-tier Tribunal (FTT) recently ruled on a dispute regarding what should be deducted when working out a capital gain. The FTT’s decision might seem surprising but was it correct?
New online tool for checking marriage allowance eligibility
HMRC has published a tool allowing you to check your eligibility for the marriage allowance. However, upon review we have found the tool to be extremely limited. What are the problems?
HMRC scraps paper VAT registration
From 13 November HMRC will abolish the paper VAT registration form. How will new applications be made from that date?
HMRC issues reminder of saving scheme
Help to Save (HTS) has been around for five years. In a recent press release, HMRC has revealed the level of bonus payments paid out to participants and encouraged others to look at using the scheme. So how does it work?
Wedding venue left jilted at tribunal
The First-tier Tribunal has rejected an appeal concerning business property relief (BPR) on a barn used as a wedding venue. What can you take away from the decision?
Paper filing date approaching fast
The standard filing date for a personal tax return is 31 January. However, if you submit paper returns you need to do it earlier. What is the paper filing date, and how can HMRC’s new videos help if you need to remove yourself from self-assessment?
HMRC launches remittance basis toolkit
A new toolkit aimed at assisting non-domiciled taxpayers that use the remittance basis has been launched. What does this do?