In recent months, HMRC has been under pressure to reduce wait times on their phone lines and the new HMRC app is hoped to start to relieve the pressure on the phones. Here is a quick summary of what you can achieve with the new app and how to download it. What the app does The HMRC app is designed to be a quick and easy way to get information about your tax, national insurance, tax credits and benefits. You can use it to check: your tax code your National Insurance number your income and benefits your employment and income history from the previous 5 years how much you will receive in tax ..read more

Changes to the Charities Act 2022 came into force in March 2024. Below is a summary of the key changes but if you’d like to skip directly to the detail here is the link to follow: https://www.gov.uk/guidance/charities-act-2022-guidance-for-charities#changes-that-came-into-force-on-7-march-2024 Making changes to governing documents The new statutory power that trusts and unincorporated associations can use to make changes to their governing document is now in force. If using this power, charities will need to get the Commission’s authority to make certain ‘regulated alterations’ in the same wa ..read more

Please see below for your April downloadable guides: Download link: https://www.swindellsaccounting.co.uk/wp-content/uploads/2024/04/Managing-Cashflow-Tips-for-small-businesses.pdf Download Link: https://www.swindellsaccounting.co.uk/wp-content/uploads/2024/04/Personal-tax-planning-202425.pdf Download Link: https://www.swindellsaccounting.co.uk/wp-content/uploads/2024/04/Swindells-accounting-and-tax-update-april-24.pdf The post April downloadable guides appeared first on Swindells Chartered Accountants Sussex ..read more

We are proud to offer our clients a new training platform in partnership with the Mercia Group. Mercia provides online training for employees relevant across all sectors and through your connection to Swindells, you can access their online courses at a reduced fee as well! Popular topics include: Accounting and auditing Taxation Cyber security Skills, management & leadership Effective communication And many more All you have to do is: Browse the Mercia course brochure by clicking on the brochure below or using this link (online courses are on pages 24-49): https://www.mercia-group.com/m ..read more

The Chancellor of the Exchequer has announced his Spring Statement in a rather raucous speech at the House of Commons stating: ‘At the beginning of 2023 the Prime Minister set out five priorities, three of which were economic; to halve inflation, grow the economy and get debt falling. At Spring Budget the government is delivering on these priorities; inflation has fallen, growth has been more resilient than expected and debt is forecast to fall.’ The OBR forecasts that inflation figures currently show 4% and falling below the 2% target in two months’ time. Key points summary: From 6 April 20 ..read more

There are thousands, probably millions of business books out there.  It’s hard to know what’s worth the time to sit down and read. Here are some of the tried and tested books that we’d recommend for business and finance upskilling…whether you’re an old hand or just starting out there’s always a fresh new perspective to be had. Shoe Dog - A memoir by the creator of Nike In 1962 fresh out of business school, Phil Knight borrowed $50 from his father and created a company with a simple mission; import high quality, low cost athletic shoes from Japan. Selling the shoes from the boot of his c ..read more

Please see below for your March downloadable guides: Download link: https://www.swindellsaccounting.co.uk/wp-content/uploads/dlm_uploads/2024/03/Swindells-Accounting-Update.pdf Download Link: https://www.swindellsaccounting.co.uk/wp-content/uploads/dlm_uploads/2024/03/Hiow-to-improve-your-financial-health.pdf Download Link: https://www.swindellsaccounting.co.uk/wp-content/uploads/dlm_uploads/2024/03/Mastering-business-expenses.pdf The post March downloadable guides appeared first on Swindells Chartered Accountants Sussex ..read more

In 2024, the integration of Artificial Intelligence (AI) continues to revolutionise the way businesses operate across industries. From enhancing customer experiences to optimising internal processes, AI offers a myriad of opportunities for businesses to thrive in the digital age. In this article explore some of the key ways businesses can leverage AI to drive innovation and achieve success in the coming year. Personalised customer experiences AI powered technologies enable businesses to deliver personalised experiences to their customers at scale. By analysing vast amounts of data, AI algorit ..read more

In the ever evolving landscape of business ownership, the decision between operating as a sole trader or a partnership or incorporating as a limited company is a critical consideration for business owners. While both structures offer distinct advantages and disadvantages, working out which option is the most suitable, requires careful assessment of various factors. Unincorporated business such as sole traders and partnerships, have long been favoured by small businesses because of their simplicity and flexibility. Operating as a sole trader or a partnership involves a smaller administrative b ..read more

As a business owner, the journey toward growth brings exciting opportunities and challenges and effective financial management plays a pivotal role in this endeavour. Scaling your business requires a strategic approach to accounting that goes beyond basic bookkeeping. Here are essential financial tips to guide you on the path to sustainable growth. Invest in robust accounting software Upgrading your accounting software is a fundamental step toward managing the increased complexity that comes with growth.  Modern accounting tools not only automate routine tasks but also provide real time ..read more