News & blog

We are celebrating our 10 year anniversary at Turas Accountants, and as part of these celebrations we are running a series of blogs covering 10 tips. In this blog, we are going to discuss 10 questions you should ask an accountant before you decide to use their services for your...

If you’re a business owner, hiring an accountant is one of the best investments you can make, whatever the size or stage of your business. A good accountant can save you time, money, and a lot of stress.   Whether you have a start-up business, are a sole trader or...

2023 does seem to be flying by and from 6th April we moved from one tax year into another. But what’s changing in this tax year? What do you need to know for your business and financial planning?   We’ve created a roundup of some of the most important changes...

HMRC are constantly reviewing their practices, and the latest change to this is the way they are penalising late submissions on VAT and Income Tax Self Assessment (ITSA).  To make late submission penalties fairer and more consistent across all taxes, HMRC have changed the way they issue penalties. Taxpayers will...

Accountancy firm Turas Accountants is saying thank you to Telford & Wrekin Hockey Club with a sponsored banner on the club’s pitch.   Helen Columb of Turas, said that her daughter, Lucy Jones-Columb, had played with the club for the past nine years.   “She’s now 22 and continues to...

In the first budget by Jeremy Hunt, set against the back drop of a mini budget that was then virtually all retracted and a black hole in the country’s finances, there was always going to be some dramatics. Here’s our round up of the key take aways.   State pension...

The new chancellor Jeremy Hunt has today announced a reversal to most of the tax cuts that were being rolled out following the mini budget three weeks ago.   The corporation tax cut has been repealed and will revert to the format that Rishi Sunak had put in place.  This...

If this is the first time you have had to think about paying employees, payroll can be a daunting thought. There is quite a lot of pressure to make sure you are doing everything correctly to ensure employees are being paid the right amount, tax and national insurance are taken...

With much speculation over the direction of the new leadership, today the new Chancellor, Kwasi Kwarteng unveiled his plan with an Emergency mini-budget with a raft of tax cuts aimed at businesses. We’ve read through the documents and have created a summary highlighting the key points.   Corporation Tax Planned...