The ATED filing deadline is fast approaching If you own a company with residential property you may be aware of the Annual Tax on Enveloped Dwellings return. This is an online declaration and return which needs to be submitted each year by 30th April. Do all companies with property have
Mandatory ID verification is coming.The Economic Crime and Corporate Transparency Act 2023 gave Companies House new and enhanced powers, aimed at helping to disrupt economic crime and support economic growth. Part of this is the introduction of identity verification checks. These will provide more assurance about who is setting up,
Spring has arrived in Edinburgh this week in line with the new tax year. If you don’t feel like doing a traditional spring clean, why not look to spring clean your finances instead. Here are 3 simple steps we encourage all business owners to think about now to lay the
There were a couple of important updates in the Spring Budget in relation to making tax digital for income tax . The first is confirmation of the threshold for upcoming tax years. We already knew that the income threshold will reduce to £30,000 from £50,000 on 6 April 2027. It
If you are thinking about how you can reduce your company’s tax bill, usually action will need to be taken before the year end. After the year end is too late.Aside from thinking about tax, there are some areas you should be considering.See below for actions you can take to
Firstly, why do you need the funding? Is it for business growth – to buy new equipment for example? Or do you have a cash pinch point because of an underlying problem? Perhaps you have a vat bill looming, but are worried about having the cash to cover it because
Making Tax Digital (MTD) has been around for a while now. You will be familiar with it if you own a vat registered business, or are involved in preparing their vat returns. The newest branch of the MTD family tree is ‘MTD for Income Tax’ . Some time ago HMRC
Running a business can be challenging and exciting. If you are growing, regardless of which sector you are in, you’ll reach the stage where the business can’t just be controlled by what is in your head. As the business grows, eventually you will need to implement some structure and systems
If your New Year’s resolution is to; Then we hear you! but… we probably won’t be able to help you. However, if your resolutions sound something like; Then you have come to the right place. At One Accounting we specialise in management accounts. Not only can we take the stress
When discussing income tax in the UK, one term that frequently comes up is “personal allowance”. But what exactly is it, and why is it important? Let’s break it down. What is the Personal Allowance? Your personal allowance is the amount of income you can earn each tax year before
In today’s ever-changing financial landscape, having the right accountant on your side can make all the difference between success and missed opportunities. At One Accounting, we don’t just crunch numbers; we partner with you to drive your business forward. Here’s why choosing us as your accountant is the best decision
Fun Fact Ever wondered why our tax year starts on the 6th April?The tax year structure dates back to the switch from the Julian to the Gregorian calendar in 1752. The adjustment required a correction of 11 days to remove a historical discrepancy between the 2 calendars that had developed
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We are a team of award winning Chartered Management Accountants based in Edinburgh. Our handpicked 'A' Team are cloud accounting and tax specialists helping businesses and in the technology, professional services and food & drink sectors across Edinburgh and the Lothians. Your Tech-Savvy Edinburgh Accountants since 2007.
