Small Business Accountancy Blog From RIFT Accounting in Kent

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  • Flat Rate VAT Explained

    Flat Rate VAT Explained

    Buckle up, adventurers. Today we're talking about Flat Rate VAT, and the ride's about to get bumpy!

  • P11D Forms and How to Submit Them

    P11D Forms and how to submit them

    Your P11D must be submitted by 6th July. It is a record of the value of any Benefits In Kind or "perks" you have received during the last tax year and it must be completed and sent to HMRC. Find out what you need to do, how RIFT can help you - and what happens if you don't!

  • Don't Let Old Accountancy Practices Punish You For Success

    Accounting For Growth

    Traditional Accountancy that doesn't look at your figures until the end of the year could be costing you more than you know. Without real time data on your financial position you could easily find yourself on the wrong side of HMRC because you've been more successful than you expected. Here's an example of how we make sure this never happens.

  • Self Assessment and the End Of the Tax Year

    Preparing For Self Assessment

    A large part of being a successful business explorer is knowing when to step back and take a good, hard look at yourself and your accomplishments. The good news is that HMRC have already decided when that time is. The bad news is they get really cross if you miss it. As the tax year draws to an end it's time to make sure you've got everything secured and ready.

  • Accounts and Accountability

    Small Body Transparency

    Small public bodies like parish councils, fire and rescue authorities and even police services are expected to present full reports of how they're managing their affairs. With the public purse strings tightening and dwindling budgets all over the public sector, small public bodies can expect their accounts to be under ever-closer scrutiny.

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