Crossley & Davis
Accountants & Business Advisors
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Understanding when to register for VAT (Value Added Tax) can significantly impact your business finances. With the latest thresholds and regulations in place for 2025, businesses must be vigilant about their obligations. In this blog post, we’ll explore when you should register for VAT, the latest thresholds, and key considerations for your business. Current VAT…
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Filing your Self-Assessment tax return can be stressful, especially if you’re self-employed or running your own business. Mistakes are easily made but can lead to penalties, unnecessary costs, and headaches. Here’s our guide to the seven most common Self-Assessment mistakes – and how to avoid them! 1. Waiting Until the Last Minute Procrastination leads to…
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If you’ve ever Googled “accountants near me,” you’re not alone. Whether you’re a small business owner, a sole trader, or just want help sorting your tax return, the quick search “accountants near me” is often the first step toward peace of mind. But with so many options online, how do you know which accountant is…
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As we approach the end of another tax year (5 April), it’s the perfect moment for business owners to take a step back and review their finances. Whether you’re a sole trader, limited company, or somewhere in between, a little proactive planning now can make a big difference later. Here’s why reviewing your numbers before…
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Many sole traders and self-employed professionals eventually ask themselves, “Should I incorporate as a limited company?” It’s an important decision that can significantly impact your business operations, taxes, and financial stability. Here’s what you need to consider to determine if now’s the right time to think about going limited. Benefits of Going Limited 1. Better…
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As a director of a limited company, paying yourself isn’t as straightforward as withdrawing money from your business bank account. There are several tax-efficient ways to take an income while keeping your business compliant with HMRC. Here is a simple guide to help you understand your options for paying yourself as a director of a…
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When you’re self-employed, you’re used to doing everything yourself—from marketing to customer service and everything in between. But when it comes to managing your business finances, is hiring an accountant for your self-employed business a smart investment or an unnecessary expense? The truth is, whether you’re just starting out or have been self-employed for years,…
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When it comes to business taxes, misinformation can be costly. Many business owners fall victim to common tax myths, which can lead to unnecessary expenses or missed opportunities for savings. In this article, we’ll break down five common tax myths that could be hurting your bottom line – and what you should do instead. 1.…
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The start of a new year is the perfect time to reflect on what’s working for your business – and what isn’t. One area that often gets overlooked is your accounting support. If you’ve been questioning whether it’s time to switch accountants, you’re not alone. Your accountant plays a crucial role in your financial success,…
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As accountants, we understand that navigating the world of tax deductions can feel overwhelming. However, understanding and using legitimate deductions can significantly reduce your tax bill and help you keep more of your hard-earned money. If you’re looking to maximise your tax deductions, you’re in the right place. At Crossley & Davis, we’re here to…
