News & blog

The UK government has recognised the importance of providing affordable childcare for working families. Childcare costs can be a significant burden on families, and these schemes are aimed to make childcare more accessible and affordable. Here’s a breakdown of the current options: Free Childcare Hours: This is a big one...

A Midlands accountancy company is celebrating after two of its team passed their professional exams. Jamie Thatcher, 33 and Zoe Case, 23 have both been successful in their tax and accounting qualifications.  Jamie has completed his Association of Tax Technicians qualification which will lead on to the Chartered Tax Adviser...

The new tax year is here, and with it comes a refreshed set of rules and figures to keep in mind.  Whether you’re an employer or an employee, it is important that you are aware of the latest changes. Staying on top of the latest tax regulations can save you...

Welcoming a new baby into the world can be exciting and daunting all at the same time. There are lots of things you need to do to prepare for your new arrival and one of those things is sorting out your employment and understanding your rights and options when it...

With the end of the 2023/2024 tax year fast approaching (5th April 2024), we thought we would put together some of our top tips to help you with your tax planning.  What is tax planning? Tax planning is the process of analysing your personal and business’ financial situation to reduce...

Jeremy Hunt has announced the Spring Budget on 6th March 2024. As always, a lot of different areas were covered, with some promises to benefit the average working individual. However, the announcements were slightly underwhelming and nothing was announced that was too surprising.  Here’s an overview of Hunt’s speech. Tax...

Xero is fast becoming a go-to piece of software for business owners of all sizes, and it’s not surprising as it is a very comprehensive, user-friendly, all round great tool for a wide range of business owners. As Xero Gold Partners, the Turas Accountants team are well equipped with the...

I have noticed lately that we are having more clients needing to register for VAT and I think this is a trend that will continue. As the cost of living goes up, and the prices increase then total income will also increase, but the VAT threshold of £85,000 has remained...

In November, HMRC launched a campaign to encourage people to voluntarily disclose any unpaid tax that they owe on their cryptoassets.  Cryptoassets is an umbrella term for the following: exchange tokens (for example, bitcoin), NFTs (non-fungible tokens) and utility tokens. HMRC’s research in July 2022 found that 1 in 10...