The RJF Accounting Blog

Payment on account is advance payments towards your tax bill based on your liability in the last tax year. Confused? Don’t worry; most people who encounter them usually are! If you are self-employed, have to complete a Self-Assessment Tax Return or pay less than 80% of your tax at source, then HMRC will advise you […]

Failure to file a Confirmation Statement (CS01 form) with Companies House annually can lead to serious legal consequences, including prosecution. So, what exactly is a Confirmation Statement? Why is it necessary? And what is the process for filing one? In this RJF Accounting blog, we unravel these questions to provide you with the essential knowledge […]

Like most industries, the financial sector has many acronyms, job titles and different industry sectors that can confuse business owners. One such example is the difference between a tax advisor and an accountant, who, if you didn’t know anything about the industry, you would assume, do the same job. After all, accountancy is all about tax, right? In part, yes, but the differences between a tax advisor and an accountant go much deeper than that, and one can help you better than the other with certain aspects of business finance and tax laws. In this RJF Accounting blog, we will explore the core differences between the two and which tasks of your business finances you may need to hire one or the other for.

Launching a new business can leave you with numerous feelings ranging from excitement to trepidation and overwhelm. One of the most stressful aspects of launching a new start-up is finding investors and some start-up capital. Start-up business owners often think they must fund the launch of their new business themselves, but other options are available […]

Launching a new business can leave you with numerous feelings ranging from excitement to trepidation and overwhelm. One of the most stressful aspects of launching a new start-up is finding investors and some start-up capital. Start-up business owners often think they must fund the launch of their new business themselves, but other options are available depending on your circumstances. This RJF Accounting guide will explore the top 5 ways start-ups can raise capital to launch their new business so you can get the investment you need to get your new small business off the ground!

If you are thinking of launching a new business or are already in business but considering your legal structure options, you might be asking should I go limited or sole trader? Selecting a legal structure is a critical decision for business owners, but it can be challenging to comprehend the available choices. To help with this, RJF Accounting has the following guide to Limited Company Vs Sole Trader.

Self-employment is a growing trend in today’s job market, allowing individuals to be their own bosses and control their financial destinies. But with great power comes great responsibility, and it’s crucial to weigh the benefits and drawbacks before making the leap. There is a lot to think about if you are considering going self-employed, from figuring out how you will generate income to how to ensure you can cover the bills. In this RJF Accounting blog, we’ll dive into the world of self-employment, exploring what it entails and the advantages and disadvantages that come with it, so you can make an informed decision on whether self-employment is for you.

National Insurance was introduced to the UK tax system in 1911 to provide workers with a safety net against unemployment and illness. Since its introduction, it has also expanded to include funding pensions and other benefits. Most of the UK workforce will see National Insurance contributions on their payslips, but not many will be aware […]

Self-Assessment Time to Pay is a tax payment arrangement for individuals and businesses in the UK who owe HM Revenue and Customs (HMRC) money. This option allows taxpayers to pay their tax liabilities in instalments over an agreed period instead of paying the total amount upfront. In this RJF Accounting blog, we’ll explore the ins and outs of Self-Assessment Time to Pay and provide helpful tips on how to make the most of this payment option.

Securing a mortgage can be stressful at the best of times, but it can be even more so when you are the director of a limited company. Some mortgage companies may not be willing to understand your income fully and may incorrectly inform you that you will not be able to secure a mortgage.

Finding an accountant in the UK can be daunting, especially if you are new to the process or unfamiliar with the accounting industry. However, having a reliable and competent accountant is essential for small businesses and individuals to manage their finances and adequately comply with the law. This blog will explore critical considerations for finding […]

If you are investing in your business and its growth, you may be looking for ways to raise investment or help out with the costs of doing so. Business owners can apply for different tax allowances and grants in the UK, and one such tax allowance is offered as part of a government scheme to […]