How Should You Structure Your Business?

Business structures are essential for tax purposes. If you’re looking to join the 4.3 million people in the UK who made the jump into self-employment, you might be wondering how to start your new business. Assuming you’ve weighed up the pros and cons involved and...

Steering Manufacturing SMEs Towards Digitalisation

Press Release – issued on 11 January 2022 Bury Accountants, Horsfield & Smith, are delighted to have joined forces with Belfast based manufacturing software provider, Flowlens. As partners with Flowlens and manufacturing accounting specialists, Horsfield...

Remember to Declare Covid-19 Grants on Your Tax Return

HM Revenue and Customs (HMRC) is reminding Self-Assessment tax payers to declare any Covid-19 grant payments on their 2020 to 2021 Tax Return. These grants are taxable, and you should declare them on your 2020 to 2021 Tax Return before the deadline on 31 January 2022....

Which Capital Gains Are Tax Free in the UK?

Did you know that some capital gains are free of capital gains tax (CGT)? Talk to us to find out more about how to maximise your tax efficiency. Although you will pay CGT on most capital gains, there are some gains that are not subject to capital gains tax – and...

Should I Employ Family Members in My Business?

If you run your own business, it’s tempting to bring in your own family into the company. But it’s important to think through both the positive and negative implications of employing your family. Employing your own family members can help to reduce the overall tax...