Red Shoes Accounting Services

01/09/2026

Alert: Are your workers classified correctly? Missteps in employment status can bring unexpected tax bills, fines, and lost rights. Find out why reviewing this now could save your business trouble. Read on to see what you need to check.

Red Shoes Accounting

01/09/2026

Corporation tax is a major part of your trading costs. It is the increased reporting obligations, thorough investigation policies imposed by the tax authorities and tough penalties for non-compliance that means that a lot of time and resource is taken up collecting revenue for the Government.

We can assist you and your business by completing and filing business tax returns as well as preparing and submitting end-of-year payroll Tax Returns.

Find out more at https://redshoesaccounting.co.uk/index.php/services/business-accounting/corporate-tax-planning or call us on 01353 865368

01/09/2026

VAT registration just got a lot more interesting! Did you know you might reclaim VAT on some costs from before you were even registered? It could mean reclaiming VAT on goods bought up to four years prior and services up to six months earlier, but only if they're linked to your current business. Intrigued? Find out why this could impact your next VAT return and what special rules might affect you.

Red Shoes Accounting

31/08/2026

How to build a small business strategy (according to founders)

Running a small business means making hundreds of decisions every week. Some are small – like what to stock or who to call back first. Others are bigger – whether to expand, which customers to focus on, or how to stay profitable when costs keep rising.

Business strategy is what connects those decisions to a bigger picture. It’s not a document you write once and file away. It’s an ongoing process of understanding where your business is, where you want it to go, and what it’ll take to get there.

Read more:

Two small business owners share how to build a small business strategy that actually works.

28/08/2026

Unlock confidence for your business funding journey with HMRC's advance assurance. Curious how this could boost investor trust? Find out why it matters now.

Red Shoes Accounting

28/08/2026

Happy Birthday, Vanessa! 🎉

Today feels like a good moment to raise a glass to someone who has spent over 25 years helping SMEs across our region start, grow and thrive, and who now shapes the next generation of the team through recruitment and training. That's a genuine legacy to be proud of.

Outside the office, Vanessa brings the same generous spirit to her work with Lions Clubs International, from gleaning and conservation projects to building a sensory garden. It says a lot about someone when they give that much back to the community.

Wishing you a wonderful day, Vanessa, with plenty of time for family, friends and maybe a bit of papercrafting too. Here's to another brilliant year ahead.

27/08/2026

What happens if you discover a mistake on your tax return? The good news is that errors can usually be corrected, but it is important to take action as soon as possible to avoid paying the wrong amount of tax or missing out on a possible refund.

If you realise that you have made an error after submitting your self-assessment tax return, you can normally amend your return within 12 months of the self-assessment filing deadline. The amendment can be made online or by submitting a revised paper return. For example, your self-assessment for the 2024-25 tax year can usually be amended up to 31 January 2027.

Learn more at https://www.redshoesaccounting.co.uk/index.php/news?command=viewitem&id=32117

27/08/2026

Employers, did you know the official interest rate for beneficial loans just changed to 3.75% for 2026-27? This could mean tax tweaks for employees taking loans below this rate. Keeping track makes all the difference. Find out why this matters for your payroll and reporting.

Red Shoes Accounting

26/08/2026

Big news for sole traders and partnerships! Incorporation Relief can mean you defer your Capital Gains Tax when moving your business to a limited company. Wondering how this could affect your finances? Find out why it matters now and what you might need to consider before making a move. Read on to uncover the details and see if this could be a game-changer for your business tax planning.

Red Shoes Accounting

25/08/2026

Personal Tax Planning

Every pound of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.

Make sure you take full advantage of the tax saving opportunities open to you - call us today for a personal tax planning review!

https://www.redshoesaccounting.co.uk/index.php/services/personal-accounting/personal-tax-planning