Spring Budget 2024 – Main Highlights
When Jeremy Hunt stood up to deliver the Spring Budget, one of his first statements to the Chamber was “lower taxes mean higher growth” and said it was his “long-term ambition” to continue to cut National Insurance “to make work pay”. The Chancellor didn’t deliver us with any surprises to the well-trailed, but he did […]
Changes to Registered Office Addresses
As of 4th March 2024, Companies House, introduced new rules governing registered office addresses. These changes mark a significant development in the regulatory landscape for businesses across the UK. They are aimed at enhancing transparency, accountability, and efficiency in corporate governance. However, opinions on the new rules are divided, with proponents highlighting their benefits, while […]
Rising Companies House Fees
As of 1 May 2024, businesses across the United Kingdom are set to face a significant change in their operational costs with the implementation of rising Companies House fees. This adjustment, while seemingly subtle on the surface, carries weighty implications for companies of all sizes. Navigating the Increase On 19th February 2024, Companies House declared […]
Management Accounts: Importance for Business Operations
In the fast-evolving business environment, where informed decision-making is crucial for success, management accounts play a pivotal role in providing valuable insights and facilitating strategic planning. Why Businesses Need Management Accounts? Management Accounts serve as a vital tool for businesses, offering invaluable support for decision-making processes. By providing up-to-date financial information and analysis, they empower […]
Companies House Revamp in the Coming Years
Transition to Software-Only Filing The enactment of the Economic Crime and Corporate Transparency Act in late 2023 signals a significant overhaul of Companies House reporting procedures. A notable change dictates a shift towards software-only filing, accompanied by comprehensive tagging of financial data in iXBRL format. Although the timeline for this digital transition is still pending […]
Expansion of Cash Basis for Unincorporated Businesses
Commencing from the tax year 2024/25, a change is set occur for eligible unincorporated businesses. The default method for calculating profits will transition to the cash basis, providing unincorporated businesses the option to choose the accruals basis if preferred. This shift is poised to simplify accounting procedures, offering increased flexibility for unincorporated businesses in managing […]
NRB Accounts – providing quality services
Here at NRB we offer a comprehensive accountancy service which is tailored to the specific needs of your business. We cater for all types of businesses such as: We ensure that your business’ accounts meets all its compliance requirements with both Companies House and HMRC and in doing so remove the admin burden and allow […]
HMRC introduce New VAT Penalty Regime
HMRC have introduced changes to the way VAT registered businesses will be penalised if they don’t submit their VAT Returns and/or pay VAT liabilities owed, on time. The new regime will kick in for accounting periods starting on or after 1 January 2023 and these changes aim to simplify and separate penalties and interest charged. […]
NRB accounts – delivering quality professional advice
Here at NRB we prepare accounts for all types of businesses such as: – Sole traders and partnerships Limited companies LLP’s Charity accounts CIC’s We take your accounting records and prepare accounts to meet HMRC, Companies House and UK GAAP requirements. We have a dedicated tax team who will ensure all available and applicable tax […]
Challenge Completed! Scott Lees Completes 7in7 Challenge For MNDA
NR Barton’s Senior Tax Manager completes his Christmas challenge of walking 7 marathons in 7 days over the Christmas break. Scott has been raising money for Motor Neurone Disease Association (MNDA). Scott set out to raise £777 for MNDA, he did not imagine that he would be close to raising £10,000 for a great cause. […]