News

Our news section is the most active part of our website. We comment on some of the latest relevant business issues and also provide hints and tips on how to save tax and grow your business.

Maintain Trade Business Success Whilst You Are Away

Are you one of the 73% of SME business owners who don’t take time off? If so, we understand that the concept of leaving your company behind can be overwhelming, as you want to ensure you remain competitive at all times. However, not taking any time off will rapidly lead to burnout, which makes any…

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How Much Should You Pay Yourself As A Business Owner

A common question we get asked is what can be considered a tax efficient amount to pay yourself as a business owner. With many costs to account for, knowing how much to take from a company can be difficult, but the reality is that a salary is essential for many. If your business planning has…

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Business Expenses – What You Can and Can’t Claim as a Limited Company

As part of the business planning service that we offer at Hysons, we often get asked about types of business expenses that limited companies can claim for. Companies can reduce taxable profits when managed efficiently, resulting in lower liabilities. This also ensures compliance with the latest tax regulations and strengthens financial planning. Despite the benefits,…

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Year End Tax Planning Series – Personal Investment Tax

Understanding how best to manage your taxes means having a clear idea of personal investment tax opportunities that will unlock many benefits. In the final instalment of our year-end tax planning series, we will share our insights as to what actions you should be taking now and how best to optimise them throughout the new…

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Year End Tax Planning Series – Family Companies: Assess Profit Extraction Strategy

Welcome to the next instalment of our year-end tax planning series, in which we are sharing our expertise about how you can best prepare for a successful year-end and new-year planning period. In this article, we are talking about family businesses, of which there are around 4.8 million in the UK. In particular, we are…

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Year End Tax Planning Series – Tax Planning and Family Impact

In the second blog of our year-end tax planning series, we wanted to shed some light on how you can effectively plan for taxes whilst understanding family impact. Although some people may believe that factors such as child benefits are classed separately to income, there are links to consider in order to correctly manage personal…

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The Spring Budget and What It Means For You

Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Lowering taxes The Chancellor made further changes to National Insurance contributions (NICs), following the cuts made in the Autumn Statement 2023. The rates for NICs will be…

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Year End Tax Planning Series – Basics of Personal Tax Rates

With the UK tax year quickly flying towards us all, now is the time to get ahead of your admin duties if you want to alleviate any stress associated with personal accounting. This blog is the first within our new series of informative content designed to take the guesswork away from getting tax right. Keep…

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Knowing When to Transition from a Sole Trader to a Limited Company in the UK

As a small business owner in the United Kingdom, the decision to transition from operating as a sole trader to establishing a limited company is a pivotal one. While being a sole trader offers simplicity and flexibility, forming a limited company introduces distinct advantages and responsibilities. Understanding the factors that influence this transition is crucial…

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Do I Need a Local Accountant?

Whether you are self-employed or run a large corporation, managing the financial side of operations is equally important. Furthermore, the fact that the UK accountancy sector increased by 6.1% in 2023 shows that more professionals are choosing expert support. When choosing an accountant, many factors will impact the decision. Although expertise and pricing are important,…

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10 Ways An Accountant Can Help Your Business Grow In 2024

2024 is underway, so it’s time to cement strategic plans for the coming operational and financial year. With 15% of UK SMEs alone anticipating growth in 2024, it’s clear that companies are looking at this year as the time to pull things back after an unpredictable 2023. One of the services we specialise in at…

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Company Year End Accounting: Are You Prepared?

Despite the best efforts of business leaders to stay on top of accounting duties, it can be common for some tasks to fall by the wayside as the end of the year arrives. The best way to overcome this is to be prepared and understand what financial obligations you must fulfil by the time the…

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What Does the Autumn Statement 2023 Mean for You and Your Business

The Autumn Budget 2023 has been highly anticipated by businesses across the UK, as it provides insight into the government’s economic growth and recovery plans. We explore and discuss what the Autumn Budget 2023 means for different types of businesses in the UK. On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’.…

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How A Chartered Accountant Can Help You Prepare for Retirement

Hysons bring expertise to estate planning, ensuring your assets are distributed as you wish for the security of your loved ones.

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Secure your Future with Hysons, Chartered Accountants.

With our expertise in tax optimisation, strategic planning, and personalised financial guidance Hysons Chartered Accountants can shape a secure your future.

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The Importance of Accurate Bookkeeping for Small Businesses

Discover the importance of accurate bookkeeping for small businesses. From financial management and compliance to cash flow and decision-making, accurate bookkeeping sets the foundation for success.

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