Latest News


Have you recharged your batteries after your summer holiday?

Sep 19, 2017

For many people their summer holiday is an opportunity to step back and reflect on their year so far and make plans for the future. Now that the summer holidays are over, here are some things you could consider to help you improve your business.


What questions should I ask my accountant? (part 2)

Sep 19, 2017

In the second part of our questions feature, finding the right accountant for you and your business is crucial, but it can be a daunting prospect. Most people think all accountants are the same, but this is certainly not the case, and finding the right one can make a huge difference to your business.

What questions should I ask my accountant? (part 1)

Sep 19, 2017

In the first part of our questions to consider, finding the right accountant for you and your business is crucial, but it can be a daunting prospect. Most people think all accountants are the same, but this is certainly not the case, and finding the right one can make a huge difference to your business.

Happy holidays!

Jul 14, 2016

We come across many small business owners who face a dilemma at this time of year: how will their business run without them while they are on holiday?

Are you due a tax refund this year?

Jul 14, 2016

By now you should have received your end of year P60 form and tax summaries for the year to 5 April 2016.

Do you receive or pay your staff expenses or benefits 2016?

Jul 14, 2016

The deadline is approaching for employers to complete and submit forms to HMRC to let them know the benefits that they have given to their employees.

If you are (a) a director, or (b) an employee and earn over £8,500 a year, and you receive any benefits from your company then you may have to pay tax on them.


Claim your £3,000 gift from HMRC now!

Jul 14, 2016

Once again this year small employers will have the opportunity to claim the National Insurance allowance.  The bonus is that this year eligible employers can claim up to £3,000 per year depending on how much Employers National Insurance they pay.  This is an increase of £1,000 over last year.

Spring Clean your business in 2016!

Jul 14, 2016

By the time you read this article hopefully Spring will have sprung.

It is always useful this time of year to stand back a little and have a think about the ways in which you can spring clean your business and make more of it in the coming year.


Dividend changes for business owners

Jul 14, 2016

As the end of the financial year approaches I wanted to highlight a major planning issue for owners of Limited companies.

Get your business off to a flying start in 2016

Jul 14, 2016

It is essential to make sure that you get things kick started for the twelve months ahead.  Here are my three C’s to getting and keeping things moving

Start 2016 with a bang and make some resolutions for your business

Jan 21, 2016

Happy New Year to everyone from us here at Croombs!  Here are some resolutions which you might want to consider for you and your business in the coming year:


What did the budget mean for your business?

Jul 23, 2015

Following the budget from 8 July, we thought it would be useful to highlight the key points affecting our business clients.


Do you really need to pay the tax man in advance?

Jun 10, 2015

If you are involved in submitting annual tax returns to HMRC I thought it would be useful to discuss tax that you may pay upfront on business or personal profits.


Claim your £2,000 gift from HMRC now!

Jun 10, 2015

Once again this year small employers will have the opportunity to claim the National Insurance allowance.  This will save eligible employers up to £2,000 per year depending on how much Employers National Insurance they pay.


Spring Clean your business for 2015!

Apr 17, 2015

It is always useful this time of year to stand back a little and have a think about the ways in which you can spring clean your business and make more of it in the coming year.


Are you ready for the end of the tax year?

Apr 17, 2015

As the end of the financial year approaches I wanted to highlight some areas where people can legally reduce their tax bill.

Get your business off to a flying start in 2015

Feb 27, 2015

It is essential to make sure that you get things kick started for the twelve months ahead.  Here are my three C’s to getting and keeping things moving


Happy New Year

Feb 27, 2015

Happy New Year to everyone from us here at Croombs!  Here are some resolutions which you might want to consider for you and your business in the coming year

Seasons Greetings from Croombs Chartered Accountants!

Dec 21, 2014

Seasons Greetings from us here at Croombs!

With Christmas fast approaching, looking at tax and accounts is probably the last thing on your mind!


When is an Accountant not an Accountant?

Dec 21, 2014

If you set yourself up in business and called yourself a solicitor or a social worker without being qualified or regulated, you could be prosecuted and fined thousands pounds. However there is nothing to stop anyone from calling themselves an accountant, whether or not they have the qualifications or the skills to do the job.


Keep things simple!

Dec 21, 2014

I deal with many different clients every day ranging from new business start-ups with very little turnover right up to established businesses.  One of the things that differentiates the very best of these from similar businesses in their industries is the quality of their accounting records.

Are you paying tax on your bank interest?

Dec 21, 2014

Do you earn less than £15,500 per year?

Do you receive bank interest on your savings?

If so you may be paying too much tax!


Enjoy your summer holidays!

Dec 21, 2014

We come across many small business owners who face a dilemma at this time of year: how will their business run without them while they are on holiday?

What to look for when choosing an Accountant

Dec 21, 2014

What should you look for when choosing an accountant?

Legally anyone can call themselves an Accountant.  They can be someone with no qualifications and training right across to a friend in the pub!  They do not have to have passed exams or undertake regular reviews to make sure they can deal with what you require.


Client video testimonials

Jun 25, 2014

Click through to read what some of our clients have said about us.  Thank you to Mark Harman, Tracey Preston and Stan Gibson for their contributions.

Do you receive or pay your staff expenses or benefits?

Jun 4, 2014

The deadline is approaching for employers to complete and submit forms to HMRC to let them know the benefits that they have given to their employees.

 

If you are (a) a director, or (b) an employee and earn over £8,500 a year, and you receive any benefits from your company then you may have to pay tax on them.

 


Claim your £2,000 gift from HMRC now!

Jun 4, 2014

One of the items coming out of the recent budget was that of a National Insurance allowance for small employers.  Although this is not ground breaking it will save eligible employers up to £2,000 per year depending on how much Employers National Insurance they pay.

 


Tax Planning 2013/2014

Mar 10, 2014

Consider whether to minimise your tax for the year.  There are not many days left and it is vital to act now to avoid paying too much tax.


Tips for growing your business

Mar 10, 2014

With increased optimism in the national press about the country’s economy here are some tips for growing your business


Get your business off to a flying start in 2014

Feb 8, 2014

It is essential to make sure that you get things kick started for the twelve months ahead.  Here are my three C’s to getting and keeping things moving.


Excuses for not filing your tax return

Jan 22, 2014


Start the New Year with a bang and make some resolutions for your business

Jan 6, 2014

Happy New Year to everyone from us here at Croombs.  Here are some resolutions which you might want to consider for you and your business in the coming year.


Seasons Greetings from Croombs Chartered Accountants!

Dec 6, 2013

With Christmas fast approaching, looking at tax and accounts is probably the last thing on your mind!

Many people know they have to complete a Tax Return but will not have done anything about it.  It is vital that you get all of the information together and complete your return as soon as possible because you don’t want to be caught out by your tax bill this year.


Tax on Landlords

Nov 11, 2013

As many Landlords will already know, the rules for claiming tax relief on rented properties changed significantly with effect from 6 April 2013.

Landlords will no longer be able to claim tax relief on the cost of replacing furnishings within the property.  Click here to read the full article.

Avoid fireworks within your business

Oct 31, 2013

As a business owner it is vital that you avoid fireworks within your business at all times.  Whether this is between staff, your Accountant, your customers and suppliers or even HM Revenue & Customs.


Have you recharged your batteries on holiday?

Sep 30, 2013

Now most of us are back from our summer holiday’s I thought it would be useful to consider a couple of things that you really need to get on top of before Christmas:

1. Cloud accounting

2. Tax planning


Do you need to pay the Revenue in advance?

Aug 5, 2013

I thought it would be useful this month to discuss tax that you may pay upfront on business or personal profits.

If an individual or self employed business owes around £1,000 in tax for a tax year then it is likely that HM Revenue & Customs will ask for payments on account for the next year.


The early bird catches the refund!

Jun 13, 2013

We are now well into the new tax year, so whilst you may be looking to the challenges ahead, don’t forget about your tax return for last year.

Thinking of selling your business?

May 8, 2013

At some point in every business owners life they think about selling their business. Whether they have just had enough or they are coming to retirement age, it is important to make sure they do the right things.

This month I will be highlighting some important points to consider, whether you are starting to think about selling your business or whether you are already in the process of selling.


It’s time to Spring clean your business

May 8, 2013

I thought it would be useful this month to talk about ways in which you can give your business a spring clean to put yourself in the best position to make the most any opportunities which may arise.

Time's running out for planning

May 8, 2013

This month we'll be looking at ways to reduce tax bills before the end of the financial year.  These can be implemented at any time of the financial year.

What can an Accountant do for you?

Feb 7, 2013

You may be wondering how an Accountant can help you and your business.


Start the New Year with a bang with some resolutions for your business

Jan 29, 2013

Firstly, I would like to say Happy New Year to everyone from us here at Croombs.  One thing a lot of people do for the New Year is to create resolutions for the year ahead.  I thought for this month’s article I would offer up five possible resolutions for you and your business for 2013.

Is there something you need to do before Christmas?

Dec 6, 2012

Seasons Greetings from us here at Croombs!  With Christmas fast approaching looking at tax and accounts is probably the last thing on your mind!

Many people will know they have to complete a Tax Return but will not have done anything about it.  It is vital that you begin getting all of the information together and the return completed because you do not want to be caught out on your tax bill this year.


Proper business planning

Oct 31, 2012

In the current economic climate it has never been more important to make sure that you have done all that you can to make sure your business will survive.

Spring Clean your business!

Jun 4, 2014

Spring will have sprung and the flood waters will have subsided.

It is always useful this time of year to stand back a little and have a think about the ways in which you can spring clean your business and make more of it in the coming year.


Keep things simple!

Oct 19, 2012

I deal with many different clients every day ranging from new business start-ups with very little turnover right up to businesses turning over in excess of £2mn.  One of the things that differentiates the very best of these from similar businesses in their industries is the quality of their accounting records.

Have you got the summer holiday blues?

Oct 19, 2012

With most of us back to work after the Summer Holiday now begins the countdown to, dare I say it, Christmas!

One of the jobs many of us leave until the last minute (other than the Christmas shopping!) is their tax returns.


Why not lay back and let online accounting take the strain?

Aug 9, 2012

With the summer holiday’s fast approaching, many small business owners face a dilemma.  How do they keep an eye on their business while they are away on holiday?


Probationary periods

Nov 11, 2013

Why you need to focus on probationary periods for employees by Julia Homan of Just HR Solutions

The purpose of the probationary period is for both parties to get to know each other and the job, and it usually lasts for a period of three months.  But things don’t always work out quite how you thought they would! You may discover that the person you recruited doesn't have the skills that you need or that they claimed to have.  So what can you do?

To read the full article please click here.


IR35 – New guidance

Jul 5, 2012

There has been some new guidance on IR35 for contractors.  Please click through to read more information.


Claiming business expenses

Jul 5, 2012

As a business owner it is vital that you maximise the amount of money you withdraw from your company and minimise the tax you pay on your income.


Save money and go online

Jul 5, 2012

With the huge price hike on first class stamps maybe it’s worth considering whether your business actually needs to send invoices out on paper.


Spring clean your business

Mar 29, 2012

I thought it would be useful this month to talk about ways in which you can spring clean your business to ensure you make the most of opportunities that may arise.


How has the New Year started for you?

Mar 8, 2012

I am often asked by clients how well I think they are doing and how I think other local businesses are performing.

I know times are still very tough for lots of businesses but actually local businesses still seem to be performing very well under the circumstances.


New Year's Resolutions

Jan 5, 2012

With 2012 upon us maybe it’s time to start thinking about a New Year’s Resolution for your business.  Have a read of our top 5 suggestions for 2012.

Christmas parties - What can I claim?

Dec 16, 2011

Its Christmas!  What can you as an employer claim from the Revenue?

I know it's Christmas but don't forget your Tax Return!

Dec 9, 2011

Christmas is fast approcahing and last thing on anyone's mind is filing their Tax Returns!

Do you know how your company is performing?

Nov 9, 2011

Amazing as it sounds, many businesses do not know how their business is performing.  In order to react to market conditions, be these from competitors or customers, businesses must be able to use the information from their business to make positive changes.

BEWARE! Do not file your Tax Return late!

Sep 28, 2011

We are warning all taxpayers to make sure they file their Self Assessment Tax Returns before the deadlines, which begin from October 2011.

A new regime introduced by HMRC mean that penalties on all late returns could be up to £1,600 each, even if you have paid the tax you owe!

Are you getting the most out of your Accountant?

Sep 26, 2011

A good Accountant will actually save you money in the long run and not be a cost to your business.   With good professional advice the business can go from strength to strength.

Ongoing advice is VITAL to your business.

Don't forget your Tax Return!

Sep 9, 2011

Now is the time to start thinking about submitting your Tax Return.

Many people leave their Tax Return until the last minute, causing unnecessary stress.