Chancellor Jeremy Hunt unveiled the 2024 Spring Budget on Wednesday, introducing a series of financial measures. This year’s budget, the last scheduled before the forthcoming general election, focuses on providing relief to taxpayers, supporting families, and encouraging investment in the UK economy. Here’s our summary of key points: Taxation Changes Benefits and Support Consumption Taxes
Starting your own business is an exciting journey, and one of the first decisions you’ll make is how to structure it. Many entrepreneurs choose the sole trader route, and it’s not hard to see why. It’s like setting off on a road trip in your car – straightforward, flexible, and you’re in the driver’s seat.
As a self-employed professional, your financial health doesn’t just rely on how much you earn, but also on how well you manage your records. Effective record-keeping is the cornerstone of a thriving business, enabling you to track growth, plan for the future, and simplify the tax filing process. Let’s take a look at why it’s
Thinking about changing accountants might bring you out in a cold sweat. But, let’s face it, if you’re reading this, something’s not quite right, right? Whether it’s the constant back-and-forth, unclear fees, or just a gut feeling that things could be better, it’s worth exploring your options. And here’s the good news: At Blue Spire,
At Blue Spire, we believe our core values help to guide and shape our approach to everything we do, from our company culture to ensuring our client’s needs are met and exceeded. Our company core values were developed and created around three years ago when we carried out a branding exercise process within our company.
In the world of business, staying informed about your financial situation is not just good practice—it’s crucial for survival and growth. Management Accounts stand at the core of this principle, offering a lens through which business owners can view their financial performance and make informed decisions. What Are Management Accounts? Management accounts are detailed reports
As we wave goodbye to January, a significant deadline looms over us – it’s Self-Assessment Filing Day. If you haven’t filed your return yet, remember that the clock is ticking towards midnight. Missing this deadline invites a £100 penalty, and it’s not where the consequences end. For returns that are filed over three months late,
Starting your journey through self-assessment taxes can seem overwhelming, especially when delving into topics like Payments on Account. It’s an important part of the tax process for a lot of people, but often, it’s wrapped in confusing terms and details. In this blog, we’re going to explore what Payments on Account are and how they
Navigating the UK tax system might seem overwhelming, especially when it comes to determining if you need to file a self-assessment tax return. This is a key question for many individuals, from those running their own businesses to freelancers and people with multiple income sources. Criteria for Filing Not everyone has to file a self-assessment
As we embrace a new year full of opportunities and growth, it’s important to acknowledge the ongoing challenges brought by the cost-of-living crisis. In these uncertain economic times, there are several ways for businesses to offer support to their employees, ensuring they feel valued and secure amidst financial pressures. Businesses are dealing with their own
While the market offers a variety of cloud-based accounting solutions, at Blue Spire, we’ve found our match in Xero. This preference isn’t just a casual choice; it’s based on Xero’s seamless integration, user-friendly interface, and robust features that align perfectly with our commitment to providing top-notch accounting services. By choosing Xero, we ensure that our
As 2024 draws near, small businesses throughout the UK are starting to focus on readying themselves for the upcoming challenges and opportunities that the new year will bring. In this blog, we’ll explore ten key areas that small businesses should focus on to help their business succeed in 2024. 1. Embrace Digital Transformation Digital transformation
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