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By timing payments or receipts carefully around the year end, companies can save money. Connected Accounting can advise you….
The timing of certain payments and receipts of income is crucial for tax purposes. By moving a date of payment or receipt by just a few days either side of the company’s year end, you can reduce the tax bill and defer payment until the next tax year.
If you are would like help with timing payments and receipts to reduce the tax bill and save money, contact Connected Accounting.
21 Oct 2020
HMRC has urged businesses to make sure they are prepared for new customs and tax rules so that they can continue to trade with the EU from 1 January 2021.
21 Sep 2020
Taking a look at the Job Retention Bonus.