Blog - Holeys

05-06-2024

AI in tax investigations – What does it mean for you?

Artificial intelligence (AI) is undoubtedly a major trend in accountancy and tax, with many firms, business clients and Government agencies recognising its benefits and adopting it. In

30-05-2024

What should you avoid when transitioning to Making Tax Digital for Income Tax Self-Assessment?

From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords. If you earn over £50,000 a year, you must

29-05-2024

Are you optimising profit extraction from your business?

If you’re a business owner of a limited company, it’s important that you know how to make the most of your after-tax profit to support your personal

24-05-2024

Ten top tips for boosting your budget

Effectively managing your budget is crucial for business success, especially in challenging economic times. Speaking with an accountant can significantly enhance this process by identifying further efficiencies

22-05-2024

Is incorporation still the way to go for solid financial planning?

From a tax planning perspective, incorporation of a business into a limited company has long been considered the gold standard in business development and growth – but

16-05-2024

Starting a seasonal business? Here is what you need to know

Are you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own set of unique challenges and opportunities. Understanding

15-05-2024

Earning between £100,000 and £150,000? Your tax return is changing

If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether

09-05-2024

How SMEs can benefit from £6.4 million AI training fund

The Department for Science, Innovation and Technology (DSIT) has recently introduced a vital initiative targeted at small and medium-sized enterprises (SMEs) in the Professional Business Services sector.

08-05-2024

Concerned about Capital Gains Tax changes? Here’s what you need to know.

The start of the 2024/25 financial year saw the Capital Gains Tax (CGT) Annual Exempt Amount fall to a historic low of £3,000, down from £6,000 the

02-05-2024

Is it time to scale up your start-up?

Scaling your start-up is a crucial decision for business owners, as it can directly impact the business's long-term success. Typically, growth involves increasing revenue and resources at

25-04-2024

How your business can benefit from using Management Accounts

Management Accounts consist of regularly updated reports for both internal managers and external stakeholders or investors. These reports deliver essential financial data that demonstrates your business’s operational

24-04-2024

HMRC has clarified tax rules on commuting for hybrid and remote workers

In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not