It’s a cold, bleak, January morning but Greg Thorpe, Director of recruitment specialist Howett Thorpe, is feeling upbeat. As a new client to Surrey Hills Accountancy, Greg is excited for what lies ahead for business in 2024, believing his firm is already reaping the...

We’ll cut to the chase. We love Xero. If you’re thinking of switching from Sage to Xero, we can help you make the change. With all the innovative and ever-updating software out there, it can be an exhausting minefield to know which product is right for your business....

  Did you know that benefits in kind along with certain taxable expenses provided by a business to its employees need to be declared to HMRC each year? The deadline of the 6th July is fast approaching, take a look at our quick guide below to understand more about...

  What is MTD? Making Tax Digital (MTD) is the governments initiative for digitalising and streamlining the tax return process. All returns are submitted to HMRC via compatible software making the process simpler, quicker and in real time. MTD has been implemented in...

HMRC’s latest statement surrounding VAT penalties and VAT interest changes details that for VAT periods starting on or after 1 January 2023, the default surcharge will be replaced by new penalties if the submission, or payment is late. The changes will affect everyone...

Lots of business owners love what they do, but lots don’t want to worry about budgeting. Budgeting is often thought of as something that ‘the accountants say I should’, or it is thrown together at year end following on from the year in question, the odd comment might...

Outsourcing is a great way to add additional knowledge to your company. At Surrey Hills Accountancy we can meet your needs, whether that is by helping with specific financial tasks or being a fully-fledged member of your finance team, or offering advice from a Finance...

  We know how difficult it is to prepare for the unexpected, especially in these unprecedented times. However, there are some things which you might consider doing to reduce the burden of your worries. 1. Budgeting Budgeting might feel like an unnecessary, long and...

  If you are asking yourself: what's the difference between financial and management accounting, you’ve come to the right place. Management accounting is used by companies on a daily basis for running the company’s operations efficiently and effectively. Whereas...

In pursuit of helping companies and individuals with their taxes, HMRC's new project MTD (Making Tax Digital) will move the majority of tax affairs online. The whole system will become one of the most advanced tax systems in the world. The main reason for constructing...

Sole Trader Advantages Easy to set up – only need to inform HMRC of registering for self-assessment and to do this you only need your National insurance number Little paperwork required– the only filing required by HMRC for a self-employed person is the...

The off-payroll working rules apply if a worker (also known as a contractor) provides their services through their own limited company or another type of intermediary to the client. The rules make sure that workers, who would have been employees if they were providing...

Did you know we can help you set up your limited company? Here's how... Annual accounts and tax return support How to remove cash from your Limited company Benefits in kind advise Dividends info Directors loan considerations We know how overwhelming it can be planning...

With the United Kingdom now out of the European Union and Brexit finally behind us, we have put together some information to help you digest the changes to the import and export rules between the UK and the EU after the transition date (1st Jan 2021). The deal agreed...

Today Chancellor Rishi Sunak has announced new support for businesses in retail, hospitality and leisure affected by the latest restrictions. One-off top-ups will be granted to businesses that have had to close under the latest restrictions, and are as follows: ·...

With the news that the government has again extended Furlough until April 2021 we thought we would clarify the calculations to help you. The Calculation > The maximum amount that can be claimed is up to £2,500 a month (£576.92 a week) > To work out 80% of your...

We have recently partnered with FreeAgent, the award-winning accounting software for small businesses What is FreeAgent? FreeAgent is a great cloud based accounting system that has a range of features specifically designed to help the needs of small businesses. Here’s...

Do you spend hours building reports and KPI’s? Have multiple data sources? Regularly perform repetitive tasks to make your data useful? Perhaps Excel is struggling to process the amount of data it has to handle or you are awash with duplicate and mismatched data.   If...

We know that lots of business owners love what they do, but lots don’t want to worryabout budgeting. Budgeting is often thought of as something that ‘the accountants say I should’, or it is thrown together at year end following on from the year in question, the odd...

Take a look at our how to guide for filing your Tax Return. Do you need to file a Tax Return? Are you a ... - Sole trader (earnings of > £ 1,000) - Partner in a partnership - Employees who are paid PAYE: If you have any other untaxed income – tips, renting out a...