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Guide to Business Growth and Business Planning

Hayvenhursts Guide to Business Growth and Business Planning BDO Warns Businesses ‘Lacking Confidence’ To Plan Ahead Sourced from:  https://www.accountancytoday.co.uk/2021/09/29/businesses-lacking-confidence-to-plan-ahead-bdo-warns/ Background BDO BDO or Binder Dijker Otte is an international network of public accounting, tax, consulting and business advisory firms that perform professional services under the name of BDO. https://www.bdo.co.uk/en-gb/home Specifically, the BDO report examines barriers…Read More

Accountancy News August 2021

Hayvenhursts Accountants have compiled the most relevant news stories relating to accounting and business that were published in August 2021 including incorrect tax calculations being sent to tax payers. Furlough Support Decreasing Risks Huge Job Losses As of 1st October 2021, the UK’s Furlough Support Scheme will cease. It has been predicted by the British…Read More

Tax Rules for Company Cars

Tax Rules for Company Cars Discussed by Hayvenhursts Accountancy Services New tax rates for electric and hybrid company cars were introduced by the UK government as of 6th April 2020. With the rates changing in 2021, 2022 and again in 2023, the new rules could save your business and employees a huge amount of money…Read More

Company Audits

Company Audits Discussed by Hayvenhursts Accountancy Services Business Secretary, Kwasi Kwarteng announced a major overhaul of the UK’s audit sector on 18th March 2021. Hayvenhursts Accountancy Services is an Accountancy Business based in Cardiff that works across the UK and who as part of the Audit Reforms will be able to conduct a proportion of…Read More

What Keeps You Awake at Night When it Comes to Your Business?

Running a business isn’t always how people imagine it to be. Making lots of money, having the freedom to be your own boss and make your own decisions, going on holiday when you want to and so much more. There are a lot of stresses and strains that come with having your own business, whether…Read More

UK Economy Set for a Bounce Back

UK Economy Set for a Come Back in Spring 2021 Discussed by Hayvenhursts The Coronavirus pandemic has had a huge impact on peoples lives as well as the UK’s Economy.  Our economy shrank by a record of 9.9% in 2020 due to the Covid restrictions which were put in place to save lives. The Office…Read More

Financial New Year’s Resolutions For Your Business

Financial New Year’s Resolutions or Creating a 2021 Business Plan  The start of 2021 hasn’t quite been what we were all expecting so even if you have made some new year’s resolutions for your business you may have had to, or need to change them quickly to adapt. Financial New Year’s Resolutions really are the…Read More

Self Assessment Return FAQ’s

Self Assessment Return FAQ’s Answered by Havenhursts Accountants of Cardiff It’s that time of year when if you are self-employed, own a business or are a limited company you should be planning or submitting your Self Assessment Tax Return. Self Assessment is what HM Revenue and Customs also known as HMRC, collect Income Tax using…Read More

Pensions Tax Relief Administration

Pensions Tax Relief Administration Explained By Hayvenhursts In July 2020 the Treasury called for evidence on the administration of pensions tax relief and this was announced in the 2020 budget. The Treasury has confirmed that the UK government now recognises that the 2 administration methods produce different outcomes in circumstances for different groups of taxpayers…Read More

Deferral & Reduction of VAT

Latest Accountancy News – Deferral & Reduction of VAT & Furlough Scheme Updates discussed by Hayvenhursts Chartered Accountants On the 20th March 2020 following the outbreak of COVID19 across the world the UK Chancellor announced a temporary deferral of VAT payments for 3 months, until 30th June 2020 for all UK businesses to help support…Read More

Job Retention Scheme Phases

Job Retention Scheme Phases Discussed by Hayvenhursts Accountancy Services The job retention scheme was quickly set up by the Government when it became apparent that lockdown measures needed to be put in place in the UK when Coronavirus was declared a Pandemic. The scheme was set up to ensure that businesses in the UK who…Read More

UK Economy Set to Experience ‘Deepest Recession in Living Memory’

UK Economy Set to Experience ‘Deepest Recession in Living Memory’ Discussed by Hayvenhursts Accountancy Service According to a survey carried out by IHS Markit the UK economy is going to experience the ‘deepest recession in living memory’. IHS Markit is a global leader in information, analytics and solutions for the major industries and markets that…Read More

Solicitors Regulation Authority (SRA) Audits

About Hayvenhursts Chartered Accountants SRA Services The Solicitors Regulation Authority (SRA) require that any solicitor or law firm that holds client money has their client accounts audited by an external accountant to ensure compliance with the Solicitors’ Accounts Rules. We are specialists in the field of the Solicitors Regulation Authority (SRA) Audits and have been…Read More

Choosing an Accountant

Choosing an Accountant discussed by Hayvenhursts Chartered Accountants Whether you are an existing business that has grown and you need a new accountant, you are looking for a new accountancy firm or you are a new business looking for an accountant then our ‘Choosing an Accountant’ article will help you understand what you should look…Read More

IR35 Explained For Start-ups and Contractors

Everything you need to know about IR35 as a Start-Up Businesses or if you are a Contractor discussed by Havenhursts Chartered Accountants What is IR35? IR35 is the name given to tax legislation in the Income Tax (Earnings and Pensions) Act 2003. It was legislation created by the government to reduce tax evasion amongst some…Read More

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