Commentary and insight

Our team of experts keeps a close eye on developments in tax law and financial regulation. Our blog is where they interpret the ever-changing statutory landscape in plain English, highlighting what’s important and offering practical advice on what businesses can do to avoid pitfalls or seize the opportunities presented.

How Can You Improve the Cash Flow Health of Your Business?

Are you struggling with late payments? All business owners know that cash is the lifeblood of any business. The key to improving your cash flow is to monitor your outgoings as well as your incomings – this means you need to manage your expenses as...

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The Impact of the New National Insurance Changes

Increases to National Insurance Contributions (NICs) are on the way. But do you know the full implications for you and your business? We’ve got the lowdown. You’ll no doubt have seen the news of a rise in both employees’ and employers’ National...

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Is Managing Payroll Keeping You Awake at Night?

Is managing payroll one of the pain points on your to do list that keeps you awake at night? It’s fair to say the Covid-19 pandemic has changed the way we work, including how businesses manage and process their payroll. When you are tied up running...

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Accounting for Charities and Non-Profits

How the third sector is assessed for tax. Anyone who’s involved in operating a charity knows how it differs from running a business, both in terms of motives and objectives. HMRC treats non-profit organisations and charities very differently to...

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What Value Can Automation Bring to Your Business?

If there’s a manual task in your business that’s taking up time, automate it. Automation removes the manual workload and streamlines your processes. Automation has the capacity to revolutionise your efficiency and productivity. But how many of the...

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Making Tax Digital (MTD) For Income Tax

Introduction Self employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD for Income Tax from their next accounting period starting on or after 6 April 2023. What is “Making Tax...

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Taking Charge of Planning Your Estate

Increasing house prices raise inheritance tax risk. Soaring house prices coupled with certain thresholds being frozen in the most recent Budget have the potential to drag more estates into the inheritance tax net over the coming years. Back in...

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What we can do for you

Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.