Blog
Sharing our knowledge
Working for years in the accounting industry has provided us with a wealth of knowledge across all areas of compliance. So we think it’s important to share this with our clients.
Here you’ll find a wide range of in-depth articles that clarify some of the more pressing business and industry issues and answer any of your questions about the world of accountancy.
Cottons Corporate Finance team advises on overseas sale of Guncast
Cottons Corporate Finance has advised Guncast Swimming Pools Limited on its sale to Klafs GMbH & Co. KG, based in Germany. The two organisations first entered into a commercial partnership in 2016 and the acquisition will enable Klafs to provide a...
New VAT penalty regime
On 1 January 2023, a new late payment and points-based penalty regime was introduced which replaces the VAT default surcharge. The new penalty system applies to accounting periods which start on or after 1 January 2023.
There are separate penalties for late submission of VAT returns and late payment of VAT. The way in which late payment interest is calculated has also changed.
2023 Spring Budget breakdown
Exciting news! Today, Jeremy Hunt delivered the 2023 Spring Budget announcement, revealing some important measures to support the country's economic recovery. The government has abolished the “Lifetime Pension Allowance” and increased the pension annual allowance to...
Claiming capital losses
Capital losses can be realised on assets such as shares or property and they arise when an asset is sold for less than the original purchase price. Capital losses can also be claimed on assets that you still own if they become ‘worthless’, also known as a negligible...
What are the differences between Sole Trader and Limited Company Tax?
Structuring your company correctly is important, as there are differences between sole trader and limited company tax.
How can the right advice on tax save you money?
Getting the right advice on tax is invaluable when it comes to saving money on your tax bill. Here’s why.
Recent posts
Expenses for content creators: Reducing your tax bill
Cottons guides content creators through the maze of allowable expenses, helping to minimise tax liabilities, while maximising income.
Navigating tax year end: 13 Financial planning tips before Tax Year End on 5th April 2024
With the tax year ending on April 5, 2024, it’s time to get smart about your money. These 13 financial planning tips will help you make the most of your savings and investments before new tax rules kick in.
The Spring Budget 2024
Explore key highlights from the Spring Budget as Chancellor Jeremy Hunt introduces measures for long-term growth amid a technical recession and upcoming general election.
Welcoming five new partners to our growing Cottons team
We are excited to share some fantastic news with you all. As of February 22, 2024, we have welcomed five remarkable individuals as partners across our Northampton, Rugby and Daventry branches.
Ready to connect?
If you’re curious about how we can help you, please reach out: our team is very keen to hear from you.
