2024 January | News and Insight

Dear Colleague,

Start 2024 with a quest for insight and knowledge to help you and your clients' businesses stay ahead of the competition. In our latest news, we look at how businesses navigate 2024 effectively, with attention on good financial forecasting and planning. Riverford Organic Farmers and Richer Sounds are just a couple of the EOTs (employee owned trusts) in the UK. If your clients are considering transitioning their own business to an Employee Owned Trust, read our our article on unveiling their power in the world of business. For those clients who are unsure if they need a business valuation, check out our article on the subject.

Financial Forecasting and Planning for 2024?

As we step into 2024, businesses need to be on their toes, ready to adapt to changes and opportunities ahead. Having a clear financial plan is like having a good map; it helps you navigate the twists and turns of the economy, understand where you might face risks, and spot the growth opportunities out there waiting.?For companies aiming to thrive in 2024, financial forecasting and planning are not just helpful – they’re a must.?Here’s how to do it...

Unveiling the power of EOTs?in UK businesses

Employee Ownership Trusts (EOTs) have been gaining more traction in recent years in the UK. This unique form of ownership is reshaping the traditional paradigm, offering a collaborative and employee-centric approach. In this blog, we delve into the essence of EOTs, examining their distinctive features and how they stand apart from other business structures.?Read more here...

5 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 one. Here are some of the most common scenarios we see. To read more click here...?

Some important dates for your diaries

31 Jan 2024

• For TY ended 5 Apr 2023, deadline for paying Self-Assessment balancing payment and CGT.
• ITSA account deadline for the first payment of TY 2022/23.
• Final online deadline for Self-Assessment tax return.
• For accounting periods ended 30 Apr 2023, deadline for filing of accounts with Companies House.
• Corporation Tax returns due for accounting periods ended 31 Jan 2023.

1 February

• ITSA: where 2021/22 self assessment tax return was not filed on time and was issued before 1 November 2022 there is a penalty charged.?
• ITSA: further late filing penalties apply to outstanding 2020/21 tax returns.

2 February

• ITSA: third late payment penalty due of 5% of any 2020/21 income tax and capital gains tax due on 31 January 2022 and remaining unpaid on this date.

These dates & deadlines were correct at time of going to press.?

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