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BUSINESS GUIDES, INSIGHTS, ADVICE & NEWS
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How Can I Get Funding for My Business? Your Guide to Securing Financial Support
One of the biggest hurdles for entrepreneurs and business owners is securing the right funding to turn dreams into reality. Whether you’re just starting out or looking to scale, understanding the funding options available can unlock the resources you need to grow your business. But with so many funding avenues out there, where should you…
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Budget 2024 in Detail: What You Need to Know
The 2024 Budget is packed with substantial updates across tax rates, allowances, and reliefs. From a new income tax band to expanded allowances for sustainable investments, Labour has crafted changes that will affect both individuals and businesses. At Black and White Accounting, we’re here to break down these changes so that you’re equipped to navigate…
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Budget 2024: The Downsides You Need to Watch Out For
While Budget 2024 introduced several growth-focused incentives, it also comes with some potentially challenging changes for individuals and businesses. At Black and White Accounting, we know that understanding the full picture is essential for effective financial planning, so we’re here to highlight the changes that may impact you negatively—and what you can do to mitigate…
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The Key Moments From Labour’s First Budget Announcement in 14 Years
It’s official! After a 14-year hiatus, Labour has delivered its first Budget, bringing with it bold reforms across tax, business support, and social spending. At Black and White Accounting, we’ve dissected the announcements to highlight the key moments that matter most for you and your business. With specific rate changes, new allowances, and targeted incentives,…
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Alternative Things to Tax: Inspiration from Past, Present, and Future
In today’s turbulent economic climate, the UK Government faces a daunting challenge: how to raise the necessary finances to meet its electoral pledges without alienating voters. With public spending on the rise and national debt mounting, the Treasury must get creative in its approach to taxation. As a dynamic and fast-growing UK accountancy firm, we’re…
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How Easy is it to Change Accountants?
Whether your business is just starting out or on the verge of scaling to new heights, having the right accountant by your side can make all the difference in the world. But what happens when your current accountant no longer feels like the right fit? You might be wondering how easy it is to switch…
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I Have a VAT Inspection—Help, What Do I Do?
A VAT inspection might seem like a nightmare scenario for many businesses, but with the right preparation, it doesn’t have to be! If HMRC has notified you of an upcoming VAT inspection, don’t panic—take a deep breath and follow our guide to help you navigate this process smoothly. As a UK accountancy practice specialising in…
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Essential Tips to Supercharge Your Small Business Success
Running a small business or microbusiness can feel like you’re wearing all the hats—CEO, marketer, HR, finance, legal, and everything in between. While it’s rewarding, it’s also a huge challenge, and it’s easy to get bogged down by the day-to-day tasks. We’ve seen firsthand how focusing on the right areas can make the difference between…
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Potential Changes to the UK Tax Regime in the Upcoming Budget
The UK Government is gearing up for the Autumn Budget on Wednesday 30th October 2024, which always brings potential changes to the tax landscape. With a change in Government and a change in ideas, changes in the UK tax system seem inevitable. As a forward-thinking accountancy firm, we know that staying informed and proactive is…
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What are dividend vouchers?
A dividend voucher is pretty much like a receipt for a dividend payment. It is given out by a private or public company which is limited by shares. The purpose is to confirm to those shareholders how much of the profits they will receive at any given time. This could be via an interim dividend,…
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Am I Entitled to the State Pension?
Whether or not you can receive a State Pension in the UK depends on a number of factors, such as your age and how many years of National Insurance (NI) you have paid. Both men and woman are entitled to a State Pension when they turn 66. But there are plans to increase this to…
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Do I need a PAYE scheme?
If you’re about to hire someone to help out with running your business then it’s time to think about registering them for PAYE. An acronym for Pay As You Earn, the scheme is administered by HMRC and it’s how your employee will pay income tax and national insurance. You have to deduct the amount they…