Family Investment Company (FIC) – What You Need to Know
March 12, 2025
Family investment companies are a useful way to manage wealth. They help people pass their assets to the next generation. They became more popular after
Daily Archives: June 7, 2023
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Accounting & Financial Tips
J Sweeney Accountants
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From here, we share with you updates to business news and changes in legislation, to insightful advice and recommendations for the day to day running of your business.
What are Management Accounts?
January 31, 2025
Management accounts provide information about a business’s current financial situation. Business owners can use the profit and loss information provided to them through these accounts
What Are Trivial Benefits?
January 9, 2025
According to HMRC, trivial benefits are small and rare gifts or perks for employees. These benefits are so minor that they do not need to
The Business Benefits of Outsourcing Payroll
December 20, 2024
Payroll can be a time-consuming and arduous admin task, where mistakes have consequences. Running a business is important and it deserves someone’s full attention. However,
Christmas Parties: What Are the Tax Implications?
December 10, 2024
While taxes may not be on an employer’s mind during Christmas parties, it’s still important to know the rules for claiming exemptions. Here’s our run
Autumn Budget 2024 Summary
November 29, 2024
The new Government had been in power for much longer than usual before delivering their first Budget. Chancellor of the Exchequer, Rachel Reeves, delivered her
Salary Tax Saving Options for Directors
October 22, 2024
Directors have a unique role in a business. They can divide their pay into a basic salary and dividends. This allows them to organise their
A Guide on Self-Assessment Tax Returns
October 18, 2024
Who needs to fill out a self-assessment? People who need to fill out a self-assessment as part of paying their tax bill include: Failure to
4 Ways to Reduce Company Costs
October 11, 2024
Money management can be a tough task for a growing business to carry out, especially if it’s growing fast. Business owners should be able to
J Sweeney Team Reached the Charity Challenge Finish Line
September 19, 2024
Representatives from J Sweeney Accountants took part in the Northampton Half Marathon on Sunday, raising over £1,500 for their Kelly’s Heroes charity fundraiser. The team,