Efficient Financial Year End Services
At NRB we pride ourselves as working as efficiently as we can to give our clients the most up to date and relevant advice we can within their financial year end. Efficiency in Action As a demonstration of this philosophy we have already completed five financial year ends ending in March 2024. In addition to […]
FRC Amendments to FRS102
Following extensive stakeholder consultation, the Financing Reporting Council (FRC) have completed their periodic review of UK GAAP. The following outlines the details of their new requirements. Areas Affected by Changes Effective for accounting periods starting on or after 1st January 2026, the key impacted areas include: Improvements and Clarifications Additionally, there are several incremental improvements […]
Streamlining Bookkeeping with Personalised Invoice Templates
In the dynamic realm of modern business operations, efficient bookkeeping is paramount to sustaining financial health and driving growth. One indispensable tool in this arsenal is a well-designed invoice template. Additionally, for businesses harnessing the power of Xero, customised invoice templates can be a game-changer, offering streamlined processes and enhanced professionalism. Understanding the Invoice An […]
Unlocking Efficiency: How AI Revolutionises Your Financial Future
At NRB, we’re committed to not just meeting but exceeding your expectations, and AI is our key to unlocking new levels of efficiency and value in our partnership with you. Streamlining Your Financial Operations Say goodbye to manual data entry and tedious reconciliation tasks. With AI seamlessly integrated into our processes, we’re able to streamline […]
Tips for Preparing Your Self-Assessment Tax Returns
As we approach the end of the current tax year, individuals and businesses are gearing up for the annual task of collating their information to enable them to file their Self-Assessment Tax Returns with HM Revenue & Customs (HMRC). This process can often seem daunting, but with careful preparation and organisation, it can be managed […]
Tax Planning – Get ahead for 2023/24
Tax Planning plays a pivotal role and is a crucial aspect of financial management that individuals and businesses must consider. At NRB, we understand the complexities of taxation and aim to provide comprehensive guidance to our clients to ensure effective tax planning. As the current tax year draws to a close, it’s essential to consider […]
Statutory Audits: Unleashing Strategic Advantages for Excellence
In today’s dynamic business landscape, statutory audits have transcended their traditional role as mere compliance measures, emerging as pivotal instruments that catalyse success on multiple fronts. Delving deeper into how organisations harness the power of audit insights unveils a realm where efficiency, strategic decision-making, and stakeholder trust converge to propel businesses towards unparalleled achievements. Expanding […]
Employers: Getting Ready for Tax Year end 2023/24 and Welcoming the New Tax Year 2024/25
As the end of another tax year approaches, it’s essential for employers to ensure they’re prepared for the transition from tax year 2023/24 to 2024/25. This article provides a comprehensive guide to help employers understand and comply with the necessary procedures. Ensuring Accuracy and Compliance for Tax Year End 2023/24: Employee Information Verification It’s crucial […]
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 […]
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 […]
