SBCA Chartered Accountants

Chartered Accountants in Preston

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Cash Basis vs Accrual Accounting: Which is Best for Your Small Business?

From the 2024/25 tax year, cash basis accounting will become the default method for most sole traders and partnerships completing their Self-Assessment tax return. But is this new approach right for you, or would sticking with accrual accounting give you better control over your finances? In this blog, we break down the key differences between […]

Why Management Accounts Are a Game-Changer for Your Business

Many business owners rely on annual accounts to assess their performance, but by the time you get those figures, it’s too late to make proactive changes. Management accounts bridge that gap, offering you regular insights to stay in control of your finances and future. What Are Management Accounts? Management accounts are a set of financial […]

Budget 2024 – Key takeaways

Capital Gains Tax (CGT) Inheritance Tax (IHT) National Minimum Wage (NMW) Employers National Insurance Stamp Duty Land Tax (SDLT) Private School Fees Tax Administration Business Taxes in general Corporate Tax Roadmap – The government has published a Corporate Tax Roadmap. The roadmap includes a commitment to cap the Corporation Tax Rate at 25%; maintain the […]

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