2023 December Enews
Specialist Accounting Solutions Ltd
We are a firm of niche accountants specialising in Advisory & Financial Outsourcing. Formerly SME Web Accountants Ltd
Dear Colleague,
We've put together a few festive treats for you in our final newsletter for 2023. If you missed our webinar 'A Business Owner's Guide to Cashflow Forecasting' you can replay the recording of the session and download a free cashflow template from our website, plus an article to help those whose cash balance is not improving.
?Our December article will also help you understand whether your business might be in need of a valuation, plus we include the usual important tax dates and our own office hours over the festive season. Feel free to forward to clients and others who would find our enews helpful for their business. If you need to talk to an accounting expert and business adviser we are here for you. ?We wish you all a restful festive season and look forward to seeing you all merry, bright and ready for 2024.?
Recording of our Cashflow Forecasting Webinar
For those of you who could not attend, or for attendees who would like to rewatch the session at their convenience, here is a link?to the webinar recording.?
?Your Cashflow Forecast Template
This template uses Microsoft Excel. Download here.?If you are having difficulty downloading this spreadsheet, please get in touch [email protected]
Disclaimer: The template is a free tool and its use is entirely at your own risk. Specialist Accounting Solutions Ltd will not be liable for any errors therein.
Why is my cash balance not improving?
Why isn’t your cash balance showing signs of improvement when your business is generating profits? This question is common among business owners and deserves a thorough examination.
?The truth is that profitability, while fundamental to running a successful business, doesn’t always translate to a healthier cashflow. In this article, we delve into the reasons behind why your cash balance is static or dwindling, and offer insights on how to solve that problem. To read the article click here...
Five reasons you might need a business valuation
If you want to determine how much your business is worth, you’ll need a business valuation.?There are various situations in which you might be asked for a business valuation. Check our article to find out more on this topic. Check our article to find out more on this topic...?
Some important dates for your diaries
30 Dec 2023
ITSA: online SA tax returns deadline for tax year to Apr '23, for HMRC to collect tax through PAYE codes where the owed tax is less than ￡3,000.
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?31 Dec 2023?
CTSA: Ensure your returns for accounting periods ending on 31 December '22 reach HMRC by this deadline.
2024
6 Jan:?Main rate of Class 1 employee National Insurance contributions (NICs) will be cut from 12% to 10%.
?7 Jan:?Accounting Quarter period ending 30 Nov 23, VAT returns and payments due.
?22 Jan: Electronic remittance of PAYE, NICs and CIS Deadline to HMRC.
?31 Jan
These dates & deadlines were correct at time of going to press.?
????Festive Season Opening Hours????
We are open as normal, up to and including Fri 22?Dec 23.
Mon 25 & Tue 26?Dec (Bank holidays) - closed
Wed 27 to Fri 29?Dec 23 – open
Mon 1?Jan 2024 (Bank holiday) – closed
Tue 2 Jan 24 – open for business as usual.
Keep in touch
If you would like to discuss any of the topics in our newsletter or need some advice on another matter please get in touch call 0118 911 3777 or email [email protected].
?Kind regards
Sean Hackemann,?Director