KNOWLEDGE IS POWER

Find accounting advice and answers to your financial queries in our blogs

BLOGS

investment property

Tax

Moving Your Investment Property to a Limited Company: What You Need to Know

Thinking about moving your investment property into a limited company? You’re not alone! Many UK landlords are considering this move and in fact recently some of our clients have been doing just that. Let’s break down the practical stuff and the tax consequences so you can make an informed decision. Practical Stuff 1.Setting

hmrc payments

HMRC

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News

Understanding the HMRC Payments on Account System

What Are Payments on Account? The payments on account system is designed for people with untaxed income sources like the self-employed, partners in partnerships, or those with investment, rental, or dividend income. Unlike PAYE (Pay As You Earn) where tax is taken directly from your salary or pension each month, these payments cover income that

vat return

VAT

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VAT returns

What is VAT and what are common VAT return mistakes?

Welcome to the world of VAT. It might not be the most thrilling topic, but it’s essential for businesses like ours. Let’s dive in and make sense of it together. Ready? So, what exactly is VAT? Well, think of it as that sneaky little tax added onto most goods and services by businesses like ours.

limited company bookkeeping

SMALL BUSINESS

Are you thinking of doing your own limited company’s bookkeeping?

We hate to break it to you, but you’re not the best bookkeeper for your business. You are a business owner with a speciality in your industry. Here at DNA Accountants, we’ll always encourage business owners to hand over their bookkeeping to us. Why do we suggest this? Because it’s the fastest way to save

Tax-Saving Tips for Small Business Owners

SMALL BUSINESS

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Tax

Tax-Saving Tips for Small Business Owners

As an ambitious entrepreneur, you often feel like there aren’t enough hours in the week. You’re busy with running the day-to-day operations, managing team members and, well, life. It means you’re left with little time to stop and consider how you can save on tax. Yes, tax can be an absolute minefield if you’re unprepared,

Making Tax Digital

MTD

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News

What is MTD and how will it affect my business?

What is MTD we hear you ask? No, it’s not “Month to Date”, “Metric Tonnes per Day” or even “Marine Technology Directorate”! We’re talking about Making Tax Digital. The scheme was originally announced by HMRC in 2017, but it’s been years in the making (a bit like Avatar 2!). What’s changing? MTD will require

WEEKENDS ARE FOR FAMILY, NOT
FINANCIAL ADMIN

No more VAT returns on Saturdays. Discover how we use technology to streamline your systems and free up hours of your time.