Don’t Leave it to Chance: Inheritance Tax
Don’t Leave it to Chance: Why Early Inheritance Tax Planning (with the Kids!) Matters Inheritance tax (IHT) – it’s a phrase that can send shivers down the spine of even the most organised individual. The thought of a significant portion of your hard-earned wealth being swallowed by taxes after you’re gone is, understandably, unappealing. But […]
Beyond the Balance Sheet
Beyond the Balance Sheet: Why We’re the Barnsley Accountants You’ll Actually Want to Talk To Let’s be honest. For many, the word “accountant” conjures images of stuffy offices, endless spreadsheets, and conversations filled with bewildering jargon. Here at Cartwright & Co in Barnsley, we’re on a mission to change that perception, one friendly chat and […]
How Long Should You Keep Business Records?
How Long Should You Keep Business Records? As a business owner, understanding your obligations regarding recordkeeping is essential. Not only does it ensure compliance with HMRC, but it also provides vital information for managing your business effectively. So, how long should you really hold onto those invoices, bank statements, and payroll records? The General Rule: […]
The True Cost of a “Bargain” Accountant
The True Cost of a “Bargain” Accountant: Why Outdated Advice is Bad for Business When you’re running a small business or managing a property portfolio, keeping costs down is always a priority. It can be tempting to look for the absolute cheapest accounting option – perhaps a solo operator who promises rock-bottom weekly fees and […]
HMRC Let Property Campaign: Expert Advice for Landlords
HMRC Let Property Campaign: Expert Advice for Landlords If you are a landlord with undeclared rental income, the HMRC Let Property Campaign is your chance to come forward, disclose what you owe, and put your tax affairs in order. Acting sooner rather than later can make a big difference to the outcome. At Cartwright & […]
Bookkeeping Software Is a Great Tool – But It’s Not the Whole Answer
Bookkeeping Software Is a Great Tool – But It’s Not the Whole Answer Bookkeeping software has changed the game for a lot of small businesses. Whether it’s QuickBooks, Xero or another option, these systems save time, cut down on paperwork and generally make life a lot easier. But here’s the catch: the adverts make it […]
I need to take on my first employee, what do I do next?
A growing business may reach the point of needing to take on some outside help and the prospect of becoming someone’s ‘boss’ for the first time can seem daunting. Below are some steps which will hopefully make the process easier to tackle. Figure out what you’ll be offering. Before advertising the role have a clear […]
Common Payroll Questions (with answers)
What payroll taxes do employers and employees pay For the 2024/25 tax year, employers pay National Insurance at 13.8% on an employee’s pay above what is called the Secondary Threshold (or ST). For the 2024/25 tax year this is £175 per week, £758 per month or £9,100 per year. National Insurance is set to increase […]
Advantages of Outsourcing Payroll
Many business owners look to outsource their payroll to gain several advantages over processing in-house. These can include cost savings, time efficiency, legal compliance, accuracy, data security, access to expertise and continuity of service. As with many aspects of business, it’s sometimes only when you list the benefits of outsourcing a service to a professional […]
Welcome to
Our Blog!
Welcome to Cartwright & Co’s brand new blog! This is where we’ll share all the latest accounting related news, insights and we’ll be putting our expertise to good use by sharing useful tips to help you along your way. Stay tuned for our updates incoming shortly.