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Summary of the changes outlined on 17 October, designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline.

Summary of the changes outlined on 17 October, designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline.

Heinz. Cadbury. Coca-Cola. Being household names isn’t the only thing they have in common. They all use the Royal warrant and must now rebrand.

Business owners could be facing a difficult few months as the cost-of-living crisis continues to bite alongside the predicted winter recession.

Businesses are warned they could risk significant delays to importing goods if they don’t move to the UK’s new streamlined customs system.

More than a million small businesses are now eligible for discounted software through a flagship government scheme after a change to the rules.

When starting a new business and selecting a name for your company, there are some important considerations to make before you commit.

Flexible business plans help organisations adapt quickly to change, build up resilience and create a competitive edge.

High energy usage businesses are set to receive further government support for electricity costs.

We discuss the effects of inflation, increasing energy, fuel and the price of basic foodstuffs, not to mention the impact to business owners and remaining profitable.

When corporation tax increases from 1 April 2023, companies will need to consider three scenarios to save tax.

In this article we take a look at Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) and the extension to Businesses and Landlords.

We take a look at some of the obscurities of the UK tax system which makes it one of the largest and most complex in the world.

A summary of the changes announced 23 March 2022 from the chancellors spring statement.

We take a look at the increase in corporation tax from 1st April 2023 and what the new rules will mean to your profits.

We take a look at gifts and when you won't need to pay Capital Gains Tax (CGT).

We're a finalist in the 2022 Yorkshire Accountancy Awards for Partner of the Year.

Find out how our customers benefit from our Xero Gold Champion partner status.

In this article we look at pensions and how to maximise tax relief through pension contributions.

Paying someone to act as your nanny, housekeeper or gardener may result in you being considered an employer.

A reminder that business in the hospitality, leisure and accommodation sectors in England may be due support funding.

HMRC is responding to the issues Omicron is making to businesses, allowing some extra time for tax returns.

In this article we look at how the amount your earn may affect some of your taxation in 2021-2022.

HMRC have issued the following guidance to taxpayers who may have received COVID-19 grants during the 2020-21 tax year.

January is known as "taxes month" where It is the last month to file a self-assessment tax return (electronically) for 2020-21 and avoid late filing penalties.

In this article we discuss the radical upward lift in Corporation Tax (to become effective from 1st April 2023) and what you can do to soften the blow.

In this article we cover a broad range of areas aimed at accelerating your business growth after the pandemic.

With climate change being a hot topic in the news right now and the unification of the world’s nations discussing and agreeing to limit the amount of carbon emissions to combat climate change at COP26, we take a look at ULEVs and why you should have one.

The Chancellor, Rishi Sunak, presented his Autumn 2021 Budget and Spending Review on 27th October 2021. In this article, we take a look at how the budget may affect your business or personal circumstances.

What to expect when Rishi Sunak presents his Autumn budget later this week on Wednesday 27th October 2021.

If your business or charity income is still being affected by the coronavirus outbreak, you may be able to apply for a grant to help pay fixed business costs.

Some businesses could see significant changes to the way they are taxed following the launch of a consultation by the Government.

Many of the major support programs introduced by the government to help businesses during the pandemic ceased at the end of September 2021.

Reclaim of COVID related SSP payments ends 30 September 2021.

The "triple lock", is the policy used to set how much the state pension rises each year. The government has suspended it for 2022/23.

Here's a recap of what Prime Minister Boris Johnson has announced this afternoon, under plans to reform health and social care in England.

We take a look at further evidence that the delivery driver shortage is affecting retailers’ ability to supply goods to consumers.

Two complementary programmes designed to help you learn new skills, reach more customers and boost your profits.

Two complementary programmes designed to help you learn new skills, reach more customers and boost your profits.

We take a look at main causes, consequences and discuss future solutions relating the UK HGV Driver Shortage.

HMRC has issued a statement urging students and other summer workers to check that they are being paid the correct National Minimum Wage (NMW) rates.

July 19th is "freedom Day" and the end of restrictions but are we right to fully relax and go about our business as usual?

we take a look at what equipment, services or supplies are taxable if your employees are working from home due to coronavirus.

We take a look at what your options are over the coming months to help you plan ahead and what you can do to help mitigate any effects.

It is now expected that England will move to Step 4 on 19 July, though the data will be reviewed after two weeks should risks reduce.

In this article we look at the 7 year rule relating to inheritance tax which relates to a scale of tax to be paid known as 'taper relief'.

To ensure you can defer VAT payments and take advantage of the interest free payment scheme then make sure you sign up before 21st June 2021.

In this article, we take a brief look at some of the ways people are tricked by scammers into giving up their personal information and account login details.

We look at the most tax efficient ways to withdraw profits from your company to maximise your take-home pay and save paying unnecessary taxes.

A new government backed loan scheme was launched 6 April 2021 and runs until 31 December 2021.

Action to take if eligible for the 4th SEISS grant Feb-Apr 2021.

You may have received, or are about to receive, a letter from your bank if you took out a government-backed Bounce-Back Loan (BBL) last year...

New National Minimum Wage rates apply from 1 April 2021.

In this article, we explain what the Super-deductions are and how you can benefit from this government incentive.

At Franks Accountants, we are keen to support our local community and help it thrive. We are proud to be supporting, and privileged to be associated with the Wetherby Lions Club

We take a quick look at the benefits of utilising digital marketing to strengthen your business & the tax treatments for your website costs.

Supporting the intrepid business founders who through their ambitious motivation help bring us new products and services and drive our community forward.

For those businesses with some cash build up it can be frustrating to see it accrue next to nothing in terms of interest. In this article we teamed up with Lottie Kent from True Financial Design look at a few ideas which could help make your cash work harder for you.

The Chancellor Has Announced A New Bonus For Employers To Hire Apprentices Over The Next Six Months.

Getting the correct business advice and support in the current climate is now more important than ever to survive. we can you help build more resilience into your business.

Getting the correct business advice and support in the current climate is now more important than ever to survive. we can you help build more resilience into your business.

We take a look at the current mortgage facts to help you decide if remortgaging is something that could help you save money.

Before you make that decision to switch, take a look at our current client testimonials. This is why we do what we do.

The Chancellor announced a ‘Coronavirus Business Interruption Loan Scheme’ would become available over the coming weeks.

Franks are taking our responsibilities seriously to support you through these turbulent times.

If you are a property seller it is essential that you plan ahead to meet the new deadline rules or risk penalties.

If you are a property seller it is essential that you plan ahead to meet the new deadline rules or risk penalties.

Preparing for changes to customs arrangements after the UK has left the EU.

Pro-active service and advice is what separates a good accountant from a great one.

HMRC may contact you directly and ask for information by way of a “Compliance Check”. Here's what to do if you are contacted.

The key to success is knowing how to market your problem-solving abilities. Find out more about the benefits of becoming a master problem solver.

Proud sponsors of the Yorkshire Choice Awards. This year we were proud to sponsor the Inspirational Individual Of The Year category.

We have collated some useful information for the new tax year in this handy post. If you need to discuss any of them in more detail, simply let us know. Personal Allowance

Making Tax Digital Explained

Preparing for GDPRFor the past couple of months you'll have been hearing a lot about the new GDPR law and probably receiving a lot of emails from companies asking you to accept to remain on

Simply put, Management Accounting provides regular, timely financial and statistical information to enable you to make informed business decisions. This is vital for all businesses, as it is used to drive performance, inform strategy, maximise

The total minimum contribution for automatic enrolment pensions increases from 2% to 5% of qualifying earnings on 6 April 2018, by law. This contribution will increase again on 6th April 2019 to a total minimum amount of

Bitcoin is a new digital currency using peer-to-peer technology and no central authority or banks, otherwise known as a ‘cryptocurrency’. The bitcoin is currently trading at £7579.17 to 1BTC (February 2018), following a fall from

Autumn Budget Highlights When the Autumn Budget is released the amount of information provided can often be overwhelming. So here you'll find the important highlights that could affect your business: From April 2018, personal allowance will

Paying HMRC by the required deadline is vital if you want to avoid interest and/or a penalty charge.

You may have heard about the new legislation coming into effect soon called the GDPR, but what is it, and how will it affect you and your small business? What is GDPR? GDPR stands for

We are extremely proud to live, work and play in the beautiful county of Yorkshire. We have offices in Wetherby, York and Harrogate – meaning we are up and down the region quite a lot!

Ah, Yorkshire – what a wonderfully vibrant and beautiful county this is! We absolutely love this area and love helping local companies succeed in their business ventures even more. From Harrogate to Wetherby, York and

Running your small business can be difficult, not only are you selling your product or service, marketing your product or service, as well as everything else, you’ve also got to complete your accounts – quickly

Making Tax Digital Legislation Put On Hold In November, we announced that the government were implementing an initiative to ‘Make Tax Digital’ in April 2018, however this legislation has been put on hold. The legislation

Does your business use the VAT (Value Added Tax) Flat Rate Scheme and spend little on raw materials? If so, the change to the VAT Flat Rate Scheme that was announced in the Autumn statement

Making Tax Digital Confused about the new Digital Tax Accounts? Worried about quarterly tax reporting? Here at Franks Accountants, we’ve put together all you need to know. What are Digital Tax Accounts? The world is