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Case Study: Howett Thorpe

Case Study: Howett Thorpe

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...

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SuperXero

SuperXero

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....

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The P11D Deadline Is Fast Approaching!

The P11D Deadline Is Fast Approaching!

  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...

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The MTD Timeline

The MTD Timeline

  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...

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HMRC VAT UPDATE

HMRC VAT UPDATE

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...

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Benefits In Budgeting

Benefits In Budgeting

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...

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Surrey Business Awards Finalists!

Surrey Business Awards Finalists!

We are very pleased to announce that SHA has been shortlisted for the Start-Up of the Year award at Surrey Business Awards in November.   The Surrey Business Awards celebrate the best innovators, leaders and entrepreneurs in the county. The awards recognise the...

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SME Partnership

SME Partnership

  We are extremely proud to be partnering with The SME Surrey Awards 2022 as their Programme Sponsor. This is an exciting opportunity for us, allowing us to support the success of local businesses and entrepreneurial talent throughout Surrey – a big passion of ours!...

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Ratio Analysis – the most popular ratios explained..

Ratio Analysis – the most popular ratios explained..

When trying to analyse your company’s data it is a good idea to use ratio analysis. We know there are so many ratios you could use and sometimes it can be quite overwhelming to decide which to use to correctly review your performance and provide the information you...

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Preparing for Unexpected Expenses

Preparing for Unexpected Expenses

  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...

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Making Tax Digital

Making Tax Digital

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...

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Sole trader vs Limited Company

Sole trader vs Limited Company

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...

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Our top tips for setting up a limited company…

Our top tips for setting up a limited company…

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...

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Surrey Hills Enterprise Trade Mark

Surrey Hills Enterprise Trade Mark

We are delighted to share that we have been awarded the Trade Mark Surrey Hills, a new accreditation and a Mark of local provenance and quality given by Surrey Hills Enterprises. The award promotes the very best of what Surrey has to offer and celebrates those...

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Do you need help with Furlough calculations?

Do you need help with Furlough calculations?

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...

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Partnering with FreeAgent

Partnering with FreeAgent

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...

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Data Management and Automation

Data Management and Automation

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...

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Leave it to the Accountants

Leave it to the Accountants

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...

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Do you need to file a Tax Return?

Do you need to file a Tax Return?

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...

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