Accountancy and Tax Services
Accountancy
NS24 understand that businesses vary in shape and size. Regardless of whether you trade as a sole trader, partnership or limited company, accountancy is fundamental to any business. Our team are experienced in preparing sole trader, partnership, limited liability partnership and limited company accounts.
Bookkeeping
Bookkeeping can be a time-consuming task that demands complete concentration so that records are efficiently kept and completely accurate. For this reason, many businesses choose to outsource bookkeeping to a reliable and trustworthy accountant.
Cash Flow Forecasting
Cash flow is the "life-blood" of all businesses particularly start-up and small businesses. If a business runs out of cash and cannot obtain new finance, it will face insolvency. It is vital that the management forecast cash levels.
Construction Industry Scheme
Under the CIS contractors deduct money from a subcontractor’s payments and pass these onto HMRC. These deductions count as advance payments towards the subcontractor’s tax and National Insurance.
Corporation Tax
Corporation tax is a tax on the profits made by limited companies. It is mandatory for all companies to file a corporation tax return to HMRC each year. At NS24 we will calculate your corporation tax accurately in a timely manner.
Self Assessment
It can be difficult to keep up to date with the latest tax legislation. The team at NS24 working closely with you to ease the burden of online form filling and meeting various tax deadlines.
Cloud Accounting & Business Resources
Cloud Accounting
We manage all aspects of your business in the cloud and provide real-time information when and where you need it.
Latest News
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HMRC expands agent-related services
HMRC has written to the CIOT to confirm updates to the services provided on the Agent Dedicated Line. What’s changed?
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Tax return deadline - are you ready?
The deadline for submitting your self-assessment tax return on paper for 2023/24 is a few weeks away. If you can’t meet it, what steps can you take to escape a fine?
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Child Benefit claimants could be missing out on full state pension entitlement
If you claimed Child Benefit prior to May 2000 you may have missed out on valuable qualifying state pension years due to nuances in HMRC’s systems. How can you correct your NI record?
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Tribunal denies fishy business property relief claim
The First-tier Tribunal (FTT) has disallowed a claim for business property relief (BPR), despite the business in question being a long-established fishery. What went wrong?
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Losses on CT returns may be incorrect
If you receive a letter from HMRC about your corporation tax losses, don’t ignore it or you could end up overpaying. What’s going on?
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Could specific gifts from will trust be undone?
The First-tier Tribunal recently considered a case where the way a will trust was administered meant that the distribution of assets was significantly different to the deceased person's intentions. Could the transactions be recharacterised?
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Workaround for botched HMRC student loan repayment calculations
HMRC systems cannot differentiate between certain types of income which could lead to an overpayment of student loan deductions. What’s the solution?
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EIS and VCT extended for ten years
Two popular investment incentives offering a number of tax breaks were due to expire in 2025. However, the government has announced that they will be extended. What's the full story?
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Latest advisory fuel rates for company car drivers
The amount that employees can be reimbursed for business travel in company cars changed from 1 September 2024. What are the new rates?
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Unpaid tax from cryptocurrency transactions targeted
HMRC is writing to individuals who may need to pay tax on the disposal of cryptoassets such as Bitcoin. Why might tax be due and what should you do if you receive a letter?