Are you running a business or self employed?

I would define self employment as working for clients who pay you for selling your time. This suits many people for a variety of reasons but is not really scalable or saleable. If this is you and you’re happy with this situation then you should be looking at out bronze or silver accountancy packages to […]

Continue Reading

Why statutory accounts are not enough

Companies need statutory accounts to stay legal but, other than that, they do little to help your business. Let me explain the problems with the accounts that most of you will have had up until now: 1. Out of date: the earliest figures are at least 12 months out of date, perhaps as much as […]

Continue Reading

Why we love Xero

It’s simple, smart and secure, enabling you to run your business anytime, from anywhere with an internet-connected device. It allows you to understand your real time cash position, know how you’re doing financially with daily updates from your bank accounts and credit cards. You can collaborate with your accountant, bookkeeper and team. Payments are faster […]

Continue Reading

Multi-million pound companies

We can now work with multi-million pound companies after meeting challenging quality checks. Hudson Business Accountants and Advisers have become Registered Auditors and can work with medium and large businesses which have a turnover greater than £10 million. We have met all the requirements set by the Institute of Chartered Accountants in England and Wales […]

Continue Reading

Spring Budget Announcement March 2017

In his first Budget on 8th March the new Chancellor Phillip Hammond announced that he would level the playing field between employees and the self-employed by increasing Class 4 National Insurance Contributions (NIC) from 9% to 10% from 6 April 2018 and then to 11% from 6 April 2019. His justification is that the self-employed […]

Continue Reading

Tax returns completed in record time!

Hudson Business Accountants & Advisers are celebrating – after completing tax returns for their clients in record time. They prepared online returns to HMRC for all 200 clients – weeks ahead of the January 31 deadline. Della Hudson, the firm’s founder and chief business adviser, said it would give business owners peace of mind and enable […]

Continue Reading

The new higher rate VAT flat rate percentage

As covered in our News section previously a new VAT flat rate of 16.5% applies from 1 April 2017 for “limited cost traders”. This is being introduced as HMRC believe that the current system is being abused by some businesses providing their labour but who have very few costs. The flat rate scheme was originally […]

Continue Reading

Changes for public sector workers ‘off payroll’

In his Autumn Statement the Chancellor announced that the Government will implement significant changes to the taxation of workers providing their services to the public sector through their own company or via an agency. These new measures have now been included in draft clauses to be included in Finance Act 2017 which were issued for […]

Continue Reading

What game are you playing?

  “Would you please tell me which way I go from here?” “That depends a good deal on where you want to go” said the cat. “I don’t much care where” said Alice “Then it doesn’t matter which way you go” said the cat From Alice in Wonderland by Lewis Carroll If you don’t mind […]

Continue Reading