23 October 2024 | Tax

Landlords can claim several expenses related to their rental properties against their rental income, which helps to reduce their taxable profits. Here’s a breakdown of the typical expenses a landlord can claim:

1. Mortgage Interest

Buy-to-let…

24 April 2024 | Audit

Navigating the complexities of funding and compliance can be daunting for any business engaged in innovation and research development. 

Innovate UK grants represent a critical opportunity for funding, but they come with stringent reporting and …

24 April 2024 | Accounts

Bookkeeping is an essential backbone of every successful business, yet its pivotal role is often overlooked. 

By systematically organizing financial data, bookkeeping transcends mere data entry to become a strategic tool that fosters …

24 April 2024 | Accounts

Understanding the intricacies of a company balance sheet is essential for anyone involved in the financial management of a business. 

This document, central to financial reporting, outlines a company's financial position at any given point, …

24 April 2024 | Tax

Navigating the intricacies of tax regulations is a fundamental aspect of financial management for both individuals and businesses in the UK. 

Knowing how much you can earn before paying tax and the various tax brackets is crucial for effective …

26th March 2024 | Tax

Important Changes to Child Benefit and High Income Child Benefit Charge

The landscape of child benefit and its associated charges is undergoing significant changes, prompting approximately 180,000 families to reassess their entitlements and …

24th March 2024 | Company Law

UK Government Announces Major Changes to Company Size Thresholds and Reporting Requirements

In a recent address, UK Prime Minister Rishi Sunak unveiled a series of ground-breaking measures aimed at simplifying regulatory obligations …

22nd February 2024 | Company Law

The Economic Crime and Corporate Transparency Act introduce a number changes over the coming years.

Investigation, enforcement and data sharing

More effective investigation and enforcement powers for Companies House, and new powers …

15th February 2024 | Audit

Do you require an Innovate UK Independent Accountants Report?

Introduction:

Innovate UK stands as the beacon of innovation, offering grants to propel ground-breaking projects across various sectors. Yet, securing these grants is just …

13th February 2024 | Tax

Filing a tax return on time is crucial for both individuals and businesses across the UK. 

The deadline, set by HM Revenue and Customs (HMRC), is a date that many dread yet must adhere to avoid unnecessary penalties. 

Whether it involves …

13th February 2024 | VAT

Value Added Tax (VAT) is an essential element of the financial landscape for businesses across the UK. 

Understanding VAT is crucial not only for ensuring compliance with tax regulations but also for optimizing a company's financial …

18th Jan 2024 | Business

In the intricate world of business, directors can find themselves facing various claims, from overdrawn director loan accounts to allegations of unlawful dividends. While some directors genuinely strive to run their businesses ethically, …

10th July 2023 | Audit

The Solicitors Regulation Authority (SRA) plays a crucial role in regulating solicitors and law firms in the UK. As part of their regulatory framework, the SRA requires solicitors and law firms to submit regular reports to ensure compliance …

10th July 2023 | Tax

Being self-employed brings many advantages, including the freedom to work on your own terms and pursue your passions. However, it also comes with certain responsibilities, such as managing your finances and filing your taxes correctly. 

In this …

21st May 2023 | Tax

As a limited company, understanding the full range of business expenses you can claim is essential for optimising your tax relief and maximising your company's financial efficiency. By identifying and accurately documenting eligible expenses, …

12th May 2023 | Audit

As a business owner, you may dread the annual audit process. It can be time-consuming, stressful, and require a lot of preparation. However, preparing for an audit doesn't have to be a daunting task. In fact, with the right approach, you can …

1st September 2022 | Audit

Our team of professionals at ARK Accountants is skilled in providing high-quality audit, accounting, tax, and consulting services to a range of sectors and professions.

However, we decided to concentrate on one service in particular in …