As many businesses have discovered, growth not only takes a strong vision but also a clear business strategy. The difficulty in building this strategy occurs in navigating an ever-changing financial environment.
Why We’re All Moving to The Cloud
In Britain, where we are often subjected to four seasons in one day, we could all be forgiven for wanting to see the back of clouds for good. However, there’s a new cloud on the scene and it’s one that business owners need to embrace…
Pension Contributions Are Increasing
On April 6th the amount small businesses have to contribute to their employee’s pensions is increasing.
2017 – A Year Of Growth
2017 has been an extremely exciting year for Cottons Chartered Accountants. We’ve seen extensive growth with new offices and staff, continued client success and even a brand-new website.
Cottons Chartered Accountants – December News
As always, it’s been a busy month here at Cottons! We’ve been training our employees, raising money for charity and as it’s December there’s been a lot of festive fun!
Charity Accountancy Specialists
There have been recent changes to the requirements of any charity account reports signed on or after the 1st December, therefore some charity accounting obligations have been affected.
VAT on Disbursements – important notice for all conveyancing solicitors
You may already be aware of the recent first-tier tribunal case involving Brabners LLP, in which the firm lost their appeal against an assessment from HMRC for Output VAT not collected on recharged local authority search fees.
Best Way to Pay Yourself from Your Ltd Company
Directors can pay themselves from their limited companies either in the form of dividends or salary but following changes in 2016/17 to the treatment of dividends, they now need to give a bit more upfront consideration and attention to which they pick so that they are able to remunerate themselves within the most tax efficient manner.
Autumn Budget 2017: Key Announcements
After much speculation around what will be announced the Chancellor delivered his Autumn Budget to Parliament on 22nd November 2017.
Here is an overview of the key announcements.
Tide: The Bank Account for Consultants and Freelancers
Sometimes it feels like high street banks don’t care too much about small businesses, consultants or freelancers. However, here at Cottons we do! And we’re always on the hunt to helpful solutions that will help our clients manage their money in a simple, more efficient way.
Autumn Budget 2017: Predictions
Will Smart Rejoins Cottons as Partner
We’re proud to welcome back Will Smart! Will is returning to Cottons as a partner and will be based at the Northampton branch.
Pensions: Updates to Auto-Enrolment
Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it; this is called ‘automatic enrolment’, or more commonly, ‘auto-enrolment’. If you employ at least one person, then you are an employer and you have certain legal duties in line with this legislation.
The Cottons’ Pack Tackle The Wolf Run
On a chilly November morning ten of our bravest (or craziest…) employees took on the elements as they tackled the Winter Wolf Run; one of the toughest obstacle course races Britain has to offer.
Self-Assessment Deadlines Are Changing
Self Assessment – New Payment Deadlines
HMRC recently announced new payment deadlines for anyone paying their Self Assessment tax liability.
Cottons Rugby Acquire Premises and Support Local Businesses
The move further cements the well-established branch’s presence in the area ensuring it’s prepared for more growth in the future still.
We established the firm in 1983 and have been offering accountancy services, specialist audit reports and business advice to local SME’s ever since.
Cottons are proud to be one of the leading chartered accountancy firms in the Midlands and to use our own experience of growth over the decades to assist our clients in their own business development; an essential service for businesses nowadays.
Chartered Accountants in Rugby
Mark Palmer, Partner at Cottons Rugby said of the acquisition,
“We are really pleased that the acquisition of our Rugby premises has been successful. We have operated from Chestnut Field House for the last four years and feel really at home here. The premises suit our business well and meets our needs ideally offering plenty of space to accommodate growth and increasing staff numbers.”
Like their counterparts in Northampton, this move allows Cottons Chartered Accountants in Rugby to give their current clients an ongoing, robust and reliable service at the same time as offering their provisions to even more businesses from the local economic area.
Funding for Growth
Our partners and accountants are not only well versed in tax, accounting and business development, but they also have first-hand experience of what it’s like to work in and maintain a growing business due to the Cottons brand history.
This means that we can provide experienced and relatable advice to give our clients the advice they need with efficiency and direction.
You might also be interested in our corporate finance division.