Stop Overpaying! Tax-Saving Tips
Stop Overpaying! Tax-Saving Tips Every Self-Employed Person Needs to Know If you’re self-employed in the UK, there’s a high chance you’re paying more tax than necessary! Why? Because so many business owners forget to claim the expenses they’re entitled to. And let’s be honest – HMRC won’t remind you. But I will! 1. What Are […]
Who Needs to File Self-Assessment
Who Needs to File Self-Assessment and why It Must Be Completed by 31st January The self-assessment tax return is a critical part of the UK tax system, allowing individuals to declare their income, calculate their tax liability, and ensure they’ve paid the correct amount of tax. While it may seem daunting, understanding who needs to […]
The Evolution of Accounting
The Evolution of Accounting: Embracing Technology to Stay Relevant Accounting, often regarded as the backbone of businesses, has been around for centuries. Traditionally, accountants have been the guardians of financial data, ensuring compliance, managing taxes, and providing businesses with vital insights to make informed decisions. However, the rapid advancements in technology are reshaping the accounting […]
What People Look for When Choosing an Accountant
In the fast-evolving financial landscape of 2025, selecting the right accountant is more important than ever.
10 Payroll Tips for Streamlined UK Compliance
Here are 10 Accounting payroll processes that can help businesses streamline operations and stay compliant with UK payroll regulations: 1. Real-Time Information (RTI) Submission Submit payroll data to HMRC every time employees are paid. Ensures accurate and timely reporting of PAYE, NICs, and other deductions. Use HMRC-accredited software for RTI compliance. 2. PAYE Setup and […]
How TaxStats Benefits You and Your Business
How TaxStats Can Help You and Your Business Managing finances is one of the most crucial aspects of running a successful business. At TaxStats, we understand the challenges that business owners face in keeping up with tax compliance, financial planning, and day-to-day accounting. Our mission is to help you focus on growing your business while […]
Why Regular Contact
Why Regular Contact with Your Accountant is Essential for Business Success In the fast-paced world of business, staying ahead often means keeping a close eye on your finances. While many business owners view their accountant as someone they meet once a year for tax returns, fostering a more consistent and collaborative relationship can unlock significant […]
Who TaxStats Works With: Exploring Our Client Base
At TaxStats, we take pride in providing tailored accounting and tax solutions to a wide variety of clients.
10 Overlooked Tax Deductions for Small Businesses
Top 10 Tax Deductions Small Businesses Often Miss Running a small business in the UK can be challenging, and every penny counts. One way to keep more money in your pocket is by ensuring you claim all the tax deductions you’re entitled to. Unfortunately, many small business owners overlook key deductions that could save them […]
Fresh Starts for Businesses
Fresh Starts for Businesses: The Importance of Cleaning Up Your Books As an accountant, I often witness the transformative power that a financial fresh start can bring to a business. Whether you’re a sole trader, a small enterprise, or a larger company, the beginning of a new year, quarter, or even month presents an ideal […]