At Amanah Accountants, we always keep a close eye on the economic landscape – not just for our own operations, but for the many businesses we support day in, day out. And right now, the warning signs are flashing red.According to the latest ICAEW Business Confidence Monitor (Q1 2025), business confidence across the UK has fallen into […]

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HM Revenue & Customs (HMRC) offers several tax relief options for individuals who make charitable donations. These reliefs can be claimed when completing a Self Assessment tax return, helping donors to reduce their overall tax liability while supporting good causes. Gift Aid Donations made under the Gift Aid scheme allow charities to reclaim basic rate

Starting a new business is exciting – but let’s be honest, managing the finances can feel like a bit of a minefield. You’re not alone if you find accounting overwhelming. In fact, over a quarter (26%) of small business owners say they have little to no accounting knowledge.That’s where we come in. At Amanah Accountants,

A strong business credit score is essential for securing loans, getting better payment terms from suppliers, and building financial credibility. If you’re a business owner looking to improve your credit score, here are key strategies to help you boost your rating and maintain healthy financial standing.Understand Your Business Credit ScoreYour business credit score is separate

A well-structured budget is essential for any business, helping you manage cash flow, plan for growth, and avoid financial pitfalls. Whether you’re a startup or an established company, setting up a clear budget for 2024 will give you a roadmap for financial success.1. Assess Your Current Financial SituationBefore planning for the future, review your past

Capital Gains Tax (CGT) is a crucial consideration for UK investors when selling assets like property, stocks, and other investments. Understanding how CGT works and strategies to reduce your tax liability can help you maximise your returns.What Is Capital Gains Tax?Capital Gains Tax is the tax on the profit (or “gain”) made when selling an

Running a small business in the UK comes with its fair share of expenses, but did you know that many business owners fail to claim valuable tax deductions? Maximising your allowable expenses can reduce your tax bill and improve cash flow. Here are some of the most commonly overlooked tax deductions for small businesses.1. Home