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As a small business owner, determining how to pay yourself can be a perplexing task. Stones Accountancy Ltd is here to guide you through the intricacies of small business dividends in the UK, ensuring you have a clear understanding of the process What is a Dividend? A dividend refers to a payment made by a

In a recent development, HM Revenue & Customs (HMRC) has introduced a convenient online platform for certain businesses to set up their VAT payment plans. Effective 31 May 2023, VAT-registered businesses with a VAT debt of £20,000 or less can take advantage of this new service. These payment plans, commonly referred to as time-to-pay agreements,

As a partnership, you have a lot on your plate. From managing daily operations to cultivating client relationships, there’s never a shortage of tasks that demand your attention. With all of these responsibilities, it’s no wonder that accounting and tax compliance can sometimes fall by the wayside. But that’s where outsourcing comes in. By partnering

Early planning with your personal tax accountant to get ahead next year. HMRC reported that more than 12.2 million self-assessments were due last year! It’s our experience that more than just a few of these important tax returns were left to the last minute causing untold stress and worry! Are you among the taxpayers who

If you’re a construction business in Kent, you know how important it is to have an accountant who understands the unique challenges and requirements of your industry. But did you know that working with a local construction accountant can provide even more benefits? In this blog post, we’ll explore why working with a local accountant

Staying on top of your finances and maintaining meticulous records is essential to the success of any owner-managed business. Get all the details you need to know about small business bookkeeping with our handy guide. Keeping track of the income and expenditure of your business is called bookkeeping. This allows you to understand how your

As the self-assessment deadline approaches, many taxpayers are rushing to get their tax returns submitted on time. While filing a self-assessment can be done yourself, you may find that using an accountant reduces stress and worry. Whatsmore, by using an accountant you can ensure you are only paying what you need to. Here’s what you

Maintaining accurate and up-to-date records is a crucial part of running a limited company. But how long should you keep those records? The answer may surprise you. In the UK, Limited companies are required by law to keep certain types of records for specific periods of time. Currently, HMRC requires businesses to keep financial &

As a small business owner, you wear a lot of hats. You’re responsible for everything from marketing to looking after employees, of course, financial management. But what exactly does financial management entail? And how is it different from bookkeeping? What does Financial Management mean? Put simply, Financial management is the process of planning, organising, and