New Year…. let the team at Hedges-Quinn help you ring the changes
We all start the New Year with our resolutions – whether that is to go to the gym, take part in Dry January or finally finish the Couch to 5k programme we started in lockdown. One resolution that all business owners should keep, is to make 2023 the year when……the business plan is updated, the team is expanded, the offer is diversified, or the marketing strategy is improved. Whatever your vision for your business in 2023, we are here for you!!
We take the time to get to know our clients to be able to provide that finance director advice and support that as an SME business owner, or sole trader, you would benefit from. Working with an accountant is much more than making sure your tax return is filed on time!
We deal with legal requirements
An accountant can make you aware of financial legal obligations and key dates. We work with you to make sure that you hit those obligations on time, avoiding any fines or serious consequences. To help you with that if you scroll down you will find a list of key dates in the tax and finance calendar for 2023 – get those in your diary!
We provide strategic advice and support
But we offer much more than that. We can be the fresh pair of eyes and the sounding board you need. We can make sure that the figures add up, and that your business is protected – to help you manage the risk and understand the financial implications of a business plan.
We provide transparent records and evidence
Not only do our systems help you with HMRC demands but with us providing balance sheets, income statements and cash flow statements you have transparent records to show the financial health of your business. And we are there to deal with any HMRC questions.
We make sure you start your journey on the right road – and help navigate you along the way
When you are starting a new business, we can make sure you have the right business structure in place (for example, Ltd or sole trader?), and the software to support your financial needs. We stay informed and up to date with any changes, and make sure that you are prepared for when requirements change. When you grow and expand, we are here to help you.
We give you the time to do what you do best – run your business
We run our accountancy business because that is what we are passionate about, and no doubt you feel the same about your business. Whilst we may get excited about a spreadsheet and cash forecast we understand that not everyone does! We are there to be the finance experts for you. We save you time, so you can do what you do best – your business.
If you feel you would benefit from our help and support in making 2023 your best business year ever, we would love to work with you.
Don’t forget to scroll down for those important 2023 dates and get them in your diary!
KEY DATES TO SAVE IN YOUR DIARY FOR 2023…
31 January – self-assessment tax deadline. Tax returns are to be submitted AND tax paid. If you are self-employed remember payment may also include a payment on account. We can help make sure you have the financial planning in place to make sure that the payments can be made on time.
March – will be the next Budget statement. We can help explain the implications for you, and adjust any financial forecasting and planning to take account of any changes.
31 March – the Help to Buy scheme ends with purchases on 31 March 2023.
1 April – Energy Price Guarantee rises for households. This will increase the average household spend by £500 a year, to £3,000 until April 2024.
1 April – there are a few changes to household bills kicking in on 1 April (no, not an April Fool, unfortunately!) This may impact water, council tax, broadband and mobile phone charges.
5 April – end of the tax year.
6 April – The start of the new tax year. Tax changes begin, which will impact high earners and investors. The three changes are:
- The threshold for the top rate of 45p tax will become payable at £125,140 instead of £150,000.
- The dividend tax-free allowance will fall to £1,000 pa instead of the current £2,000. (In 2024 this will fall further to £500)
- The threshold for paying capital gains tax will be halved from £12,300 to £6,000. (In 2024 this will be reduced to £3,000)
31 July – self-employed people are to pay the second payment on account for the 2022-2023 tax year.
5 October – if you are new to self-assessment this is the deadline to register
31 October – the deadline for those opting for completing by self-assessment post
November – the Autumn Statement will be announced