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Business insolvencies up in August – is your business vulnerable?

Registered company insolvencies in England and Wales rose by 43% in August this year compared to the same period in 2021, and they were 42% higher than in August 2019, the comparable period before the pandemic. In August this year, there were 1,662 Creditors’ Voluntary Liquidations, 33% more than in August 2021, and 73% higher…Read More

Act now to maximise your pension contributions

The changes to income tax rates are going to benefit all taxpayers from April next year as they get to keep more of the money they have earned. But one knock-on effect is that the amount of tax relief you can get on your pension will be reduced for both 20% and 45% taxpayers, as…Read More

Mini-Budget wreaks havoc on markets and the pound – but will you benefit?

New chancellor Kwasi Kwarteng delivered his first mini-Budget, officially labelled ‘The Growth Plan 2022’, on September 23, and while it largely consisted of tax giveaways, it was not well received by markets. The FTSE 100 fell sharply on the day from 7,221 on September 22 to 6,986 on September 23, breaching the psychologically important 7,000…Read More

Self-Assessment – it’s getting to that time again

Self-assessment is an annual event, and it is always towards the back end of the year that you need to start thinking about it. Many people will already be registered for self-assessment, but there are others who will need to register for the first time this year, either because they have set up a new…Read More

PAYE round-up – what’s new and what you need to know

Dealing with PAYE is one of the main roles of any accounts department, and HMRC has been busy in this area over the past month, meaning there is plenty for businesses to know for the months ahead. One of the most pressing issues is that PAYE Settlement Agreements are due to be completed by October…Read More

Payroll a pain heading into summer? Here’s what to do

We have all been there. The rising number of employees off over the summer months – especially now the kids have finished school until September – means some departments will be lacking in numbers and some work could get left behind. One area you cannot afford to let this happen in is the back office,…Read More

How your business can fight inflation

Inflation is a word on many of our lips at the moment as the cost-of-living crisis continues unabated. While the headline rate of inflation – which hit 9.4% in June this year – relates to the average inflation rate suffered by individuals living in the UK, the actual rate of inflation different people feel in…Read More

Business grants – do you know what your business is entitled to?

Many businesses benefited from grants during the pandemic, but how many realise there are other grants they may be able to access at any time to help their business grow and thrive? In fact, there are a large number of grants available across the UK to help businesses with everything from reducing carbon emissions right…Read More


At Broadbents we try to be at for forefront of technology which both helps ourselves and the client. We have just been informed by the HMRC that we are the first firm ever to digitally submit a quarterly ITSA update to the HMRC successfully. This has been achieved by working closely with QuickBooks who have…Read More

Business finances, made easy

You’re in business to do business, not paperwork. Dext is the business expense tracker that tracks, reads and stores your receipts and invoices on the go, so you can focus less on finance and more of your time on what really matters: growing your business. Whether you’re a small-to-medium sized business, a sole trader or…Read More

Price Increase for maintaining your statutory records with Companies House

As of 1st June 2022 we are increasing the cost of maintaining your statutory records with Companies House. We have always charged you £30 plus VAT for this service but we have had to review this due to the additional requirements that have come on board from Companies House over the last 3-4 years. The…Read More

End of bulk appeals for tax fines in May

If you are unlucky enough to be fined for a late filing, then the way in which any appeal can be made changed as of May 7. Prior to this, HMRC had temporarily reintroduced the ability to bulk appeal late filing penalties for income tax in 2020 and 2021. But from now onwards, all such…Read More

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