Accounting Advice

Your 2020 ‘Covid free’ guide to Christmas gifts and tax breaks

We all like to receive gifts but are you aware that there are also tax breaks when giving gifts too!

16th November 2020

Accounting Advice

Why Businesses Need Annual Budgets And Forecasts To Supercharge Their Growth

Budgets and forecasts are the business equivalent of Satnavs. If you don’t know what to aim for and what your goals are it will be

13th August 2020

Client News

Beware calls or automated messages from HMRC saying you are under investigation!

At Cottons, we have noticed an increase in clients receiving cold calls, automated messages or voicemails from scammers impersonating HMRC. Clients are told that they

6th August 2020

Research and Development Tax for business

Tax Advice

Research and Development Cash Injection….

Businesses are naturally concerned about cash flow, trade after lockdown and the debt associated with using the government-backed loan schemes. R&D tax credits can help

19th June 2020

Guidance for SMEs

3 ways an accountant can help your startup business

When starting a business, it can be tempting to put off having a conversation with an accountant, and instead concentrate on other aspects of your

12th June 2020

Startups

Why do you need a Business Plan for your Start Up?

“A goal without a plan is just a wish.” ― Antoine de Saint-Exupéry Choosing to start up a new business is both an exciting and

11th June 2020

Covid-19 Updates

Coronavirus Business Interruption Loan Scheme (CBILS) – OPEN FOR APPLICATIONS

We can confirm that the Coronavirus Business Interruption Loan Scheme (CBILS) opens for applications today and supports a wide range of business finance products, including

24th March 2020

Covid-19 Updates

How Xero and Fluidly can support your business during the COVID-19 outbreak

The coronavirus outbreak has everyone worried, from employees and small business owners all the way through to multi-national corporations. Whilst larger businesses have finance departments

23rd March 2020

Tax Advice

IR35 Update – DELAY TO PRIVATE SECTOR IR35 REFORM

Speaking in Parliament on Tuesday evening, Chief Secretary to the Treasury Steve Barclay said: “The government is postponing the reforms to the off-payroll working rules,

18th March 2020

Startups

Are you planning for success? What we can learn from The Apprentice…

If there’s something to be learnt from the candidates on this years The Apprentice, it is the importance of a good business plan!

12th December 2019

Guidance for SMEs

Spotlight on the construction industry – UPDATE!

HMRC announced Friday afternoon that the VAT Domestic Reverse Charge will now be delayed until October 2020.

9th September 2019

Guidance for SMEs

Spotlight on the construction industry again!

The introduction of the VAT domestic ‘reverse charge’ for building and construction services comes into effect from 1 October 2019. This is an important change

9th July 2019