As the days grow shorter and the weather gets cooler (and wetter!), we’re excited to bring you our Autumn Newsletter, filled with essential updates, insightful advice, and important deadlines to help you navigate the season ahead. In this edition, we will highlight important deadlines to remember as we approach the end of 2024, share exciting news from our practice, and offer insights that could benefit your business as we head into the final quarter of the year.
If any of these topics resonate with you, and you would like to discuss them further, please don’t hesitate to get in touch with us. We are here to help! |
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| Get ready for the Self Assessment deadline: January 2025 is closer than you think! |
As we rapidly head towards the next new year, it's important to remember that the deadline for Self-Assessment submissions is looming!
For the tax year ending 5th April, 2024, the deadline for filing your Self-Assessment tax return and paying any tax owed is 31st January, 2025. |
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Cheers to Stuart Lewis!
We’re thrilled to shine the spotlight on Stuart, who has recently made the leap to our accounts team!
But that’s not all—Stuart has been a true asset, lending a helping hand to our bookkeeping team during this transition.
A huge thank you, Stuart, for your hard work and commitment. Your support and teamwork have not gone unnoticed, and we all appreciate everything you do! Keep up the fantastic work! |
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| Stay Compliant with HMRC: What You Need to Know About Additional Income |
As more UK taxpayers engage in side hustles—like selling on eBay, renting out properties on Airbnb, or creating art on Etsy—HM Revenue & Customs (HMRC) is stepping up efforts to ensure everyone accurately reports their income... |
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Notifying HMRC of Your Intent to Claim Research and Development (R&D) Tax Relief |
Are you considering claiming Research and Development (R&D) tax relief or expenditure credit for accounting periods starting on or after April 1, 2023? |
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| Step into christmas: Tax Implications of your office Christmas party |
The festive season is just around the corner, and it’s time to start planning that unforgettable office Christmas party! Before you dive into the festivities, let’s make sure you’re in the know about the tax implications. With a bit of awareness, you can enjoy the celebrations without any surprises! |
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Expert Wills Services & Advice
As accountants we are well placed to help write your will.
We can advise you on stratergies that can reduce the amount of tax you pay and discuss Lasting Power of Attorney (LPAs). These are often thought only necessary in old ages but this is not the case.... |
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We’ve partnered with fumopay to offer PaybyBank on your Xero invoices, allowing your customers to pay quickly, securely, and cost-effectively. With no transaction fees and instant settlements, PaybyBank helps you collect payments faster, so you receive cash immediately. Learn more by reading our full blog. |
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Thorough financial statements for regulatory compliance |
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Accurate and up-to-date financial records. |
| Tax Planning & Compliance |
Minimize liabilities and ensure timely tax adherence. |
| Insights into business performance for effective decision-making. |
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Timely and accurate payroll processing. |
| Maintenance of statutory records and documentation. |
| Understanding projected cash flow to avoid surprises. |
| Expert advice on financial strategy and growth opportunities. |
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Daniel Rust
Tax & Accounts Manager |
| Ramo Erdogan - Alps Properties Ltd |
"Connolly Accountants have been helping me with my Property Business for years, I’m very happy with the help I have been getting from Connolly Accountants all those years . They are a very helpful, supportive and professional company, I highly recommend Connolly Accountants to anyone who needs both business or personal tax advice." |
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"Helped with our yearly self assessment tax returns. They are very professional and provide good sound advice. I would recommend them to anyone needing a good accountant in the future." |
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Jess Page
Accounts Assistant Manager |
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"I have been using Connollys for several years now. They always calculate my personal tax liabilities and prepare my company accounts promptly and efficiently." |
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The Stable Yard, 25-33 Vicarage Road, Stony Stratford, Milton Keynes, MK11 4DY |
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