Understanding HMRC Payments on Account: What You Need to Know If you’re self-employed or receive untaxed income, you may already be familiar with the concept of Payments on Account. But for many, it can still be a confusing part of managing your taxes. In this post, we’ll explain how Payments on Account work, who needs...

Why business owners should start using KPIs to drive success As a small business owner, it’s easy to get caught up in the day-to-day operations and miss the bigger picture. You might rely on gut feelings or a quick glance at your bank account to determine how well your business is doing. However, without specific...

10 Key Reasons to Choose Bookkeeping Support from Heriot Hughes In the fast-paced world of business, staying on top of finances is crucial for success, but it can be overwhelming when you’re focused on running your company. That’s where Heriot Hughes Chartered Accountants in Liverpool can help. Our dedicated bookkeeping services keep businesses financially organised...

Check your National Insurance record: Are you missing out on your full State Pension? HM Revenue and Customs (HMRC) has recently reminded people to check and make sure they are not missing out on valuable State Pension entitlements due to gaps in their National Insurance (NI) record. The issue mainly affects parents, particularly women, who...

Evaluating a business idea: A guide for aspiring entrepreneurs The economy is continuing to grow, according to the latest figures for the April to June quarter. Gross Domestic Product (GDP) is estimated to have increased by 0.6% for the quarter. This compares with an increase of 0.7% for the January to March quarter. Two quarters...

New apprenticeship reforms: What they mean for your business The government has announced some reforms to the apprenticeship system in England, which could bring some exciting opportunities for business owners. These reforms, aimed at boosting young people’s access to apprenticeships, come with a new “growth and skills levy” that will replace the existing apprenticeship levy....