Books & Business Services Ltd

Keep track of your receipts.... it saves you money! If you're in the trades, you’re likely buying materials, fuel, and tools regularly. Without proper records, you could be missing out on tax deductions! ✅ Use a receipt app to snap & store receipts digitally ✅ Label purchases clearly (e.g. "Timber for Smith project") ✅ Separate business & personal expenses to avoid confusion Keeping organised means less stress at tax time and more money in your pocket! Need help getting your books in order? Drop us a message. #bookkeepingtips #TradesBusiness #BooksAndBusiness #bookkeepingservices #TaxSavings

With stamp duty changes on the horizon, homebuyers are rushing to get their deals over the line before the hike in April! Whether you're a first-time buyer or seasoned investor, understanding the impact of the stamp duty change is crucial. Read our blog to ensure you are aware of the 1st April stamp duty changes: https://lnkd.in/eGkxqRmP #StampDutyChanges #BooksAndBusiness

🎄 Merry Christmas from all of us! 🎄 We are taking a little festive break - please note our office will be closed from 18th December and we’ll be back on 30th December to help with all your bookkeeping needs. Wishing you a wonderful Christmas and a happy, restful holiday season! #merrychristmas #BooksAndBusiness

Exciting Changes Are Coming! We’re taking a short break from social media to focus on some exciting new changes behind the scenes. While we won’t be posting for a little while, it’s still business as usual — so don’t hesitate to reach out if you need us! We’ll be back in the New Year, refreshed and ready to share what we’ve been working on. Thank you for your continued support, and we can’t wait to see you in 2025!

The tax advantages currently available for properties let as short-term holiday rentals, known as Furnished Holiday Lets (FHL), will be discontinued starting April 2025. These changes will apply from 6 April 2025 for Income Tax and Capital Gains Tax, and from 1 April 2025 for Corporation Tax, including Corporation Tax on chargeable gains. #BooksAndBusiness #bookkeepingtips #furnishedholidaylets #taxchanges

Update from the Bank of England On November 7, 2024, the Bank of England's Monetary Policy Committee announced a reduction in the base rate from 5.0% to 4.75%. Meaning, HMRC interest rates, which are linked to the base rate, will also decrease. HMRC will shortly advise further information on these new payment rates. #BankOfEngland #InterestRates #HMRC #FinanceUpdate #booksandbusiness #bookkeepingtips

The Autumn Budget 2024 delivered by Chancellor Rachel Reeves has significant implications for businesses and individuals alike. Here are the key points that stood out: #AutumnBudget2024 #booksandbusiness

94 days to be exact! HMRC is encouraging individuals to start their Self Assessment early, but why might you ask? When done early it increases the chances of submitting an accurate tax return, it significantly reduces last-minute stress, and it allows individuals to know exactly what they owe sooner so they can budget accordingly before going into the new year. #bookkeepingtips #bookkeepingservices #booksandbusiness

Next year Companies House will begin rolling out new identity verification requirements for company directors and persons with significant control - make sure you are up to date with the timeline by reading our lastest blog: https://lnkd.in/e55HqVvX #booksandbusiness #companieshouseidverification #idverification

In our very first weekly bookkeeping tip, we reminded everyone of the compulsory VAT registration threshold, which was set at £85,000. This threshold is the point at which a business must register for VAT if their taxable turnover exceeds this amount within a 12-month period. Since then, there has been an important update! The VAT registration threshold has increased to £90,000. This means that businesses with a taxable turnover below this amount can continue to operate without the need to register for VAT. #booksandbusiness #bookkeepingtips #bookkeepingservices #VATThreshold