As UK businesses approach the March 2025 year-end, November serves as the perfect time to gear up for the forthcoming tax year. With several months remaining, business owners can make informed decisions that will have a lasting impact on their personal and corporate tax positions throughout 2024/25 and into 2025/26. While many online resources adopt […]
Running a successful business is as much about looking ahead as it is about managing the present. While effective bookkeeping and precise accounts reveal where your business stands today, financial forecasting illuminates where it is headed and how to navigate the journey safely. At Chorus Accounting, we believe that forecasting is one of the most […]
Inflation continues to present significant challenges for UK businesses in 2025. Rising supplier costs, increasing wage pressures, and more cautious consumer spending are all affecting the bottom line. For businesses employing 10 or more staff, these financial pressures can quickly erode margins and place added strain on cash flow. In this environment, effective financial management […]
As an experienced accountant, I cannot overstate the importance of accurate bookkeeping in establishing a thriving business. Many small business owners who attempt to manage their finances solo often stumble into pitfalls that can lead to wasted time, missed opportunities, and even compliance issues. While it’s entirely possible to manage your own books, enlisting the […]
At Chorus, we believe in helping you unlock the secrets of your finances. A hidden treasure awaits those willing to delve into the intriguing world of tax-free allowances. This often-overlooked area could lead to significant savings, making it an enticing prospect for small business owners, freelancers, landlords, and anyone with a range of income streams. […]
At Chorus Accounting, effective tax planning is about more than just reducing your current tax bill; it is about securing your financial future. One of the most tax-efficient strategies available is making pension contributions. Whether you are self-employed, a company director, or running a small business, contributing to a pension scheme can help you save […]
At Chorus Accounting, we understand that change in the financial world can be daunting; however, as we are focused on your future and ours, we want you to see it as an opportunity. Making Tax Digital (MTD), HMRC’s flagship initiative to modernise the UK tax system and move away from piles of paperwork. This is […]
Running a business involves juggling many responsibilities, and often, financial tasks can feel overwhelming. When most people think about accountants, the first thing that comes to mind is taxes – but their expertise extends far beyond that. Here are four key reasons why partnering with an accountant is a smart move for your business. 1. […]
