AO Accountants

AO Accountants AO Accountants are an online firm of Chartered Certified Accountants. We support businesses and individuals nationwide in the creative industries.

The right accountant becomes a valuable partner in growing your business, here are some pointers to help you choose wise...
02/05/2024

The right accountant becomes a valuable partner in growing your business, here are some pointers to help you choose wisely 📊💼

1. Qualifications: Ensure they are qualified accountants, preferably members of recognised professional bodies like ACCA, ACA, or CIMA.

2. Experience: Look for experience relevant to your industry or business size. An accountant who understands your niche can offer valuable insights.

3. Client References: Ask for references or testimonials from their current or past clients to gauge satisfaction levels and reliability.

4. Fees Structure: Understand their fee structure upfront. Clarify what services are included and any additional charges for extra work.

5. Proactive Approach: Look for an accountant who takes a proactive approach to financial management, offering advice and solutions to improve your business's financial health.

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🔍💼 "Can I backdate my PAYE to reduce corporation tax as a director?" It's a common query among new business owners, so l...
30/04/2024

🔍💼 "Can I backdate my PAYE to reduce corporation tax as a director?" It's a common query among new business owners, so let's clear the air 👇

While borrowing from your company can provide flexibility, it's crucial to do it right to avoid legal or tax pitfalls. A...
29/04/2024

While borrowing from your company can provide flexibility, it's crucial to do it right to avoid legal or tax pitfalls. Always consult with your accountant for personalised advice. 💼📈

Looking to minimise your corporation tax? Here are some tailored strategies for the creative industry: Utilise Creative ...
25/04/2024

Looking to minimise your corporation tax? Here are some tailored strategies for the creative industry:

Utilise Creative Industry Tax Reliefs 🎥🎭

Optimise Capital Allowances for Equipment and Assets

Explore Research and Development Tax Credits🔬

Pay Director salaries & pension payments 💼

Consider Group Structures for Tax Efficiency (if you have multiple companies) 🔄

Ready to maximise your tax savings by working with an accountant that specialises in the creative industry? Let's chat! 📊💡

A cause for celebration 🥳Our Director, Ade has achieved a huge milestone in his career and has achieved fellowship from ...
23/04/2024

A cause for celebration 🥳

Our Director, Ade has achieved a huge milestone in his career and has achieved fellowship from the ACCA.

Here are. few words from Ade "This probably won’t mean much to most 😅

BUT it does mean a lot to me!

It takes 5 years to become FCCA after being a Member (ACCA).

I spent my twenties putting in the work!

The hours invested and the challenges are starting to pay off.

It's a milestone that I can't help but feel quite proud of.

Thank you to my family, friends, peers, clients and colleagues who have supported me along the way"

If you are a business owner in the creative industry, looking for a qualified accountant to manage the financial side of your business... Drop us a message to see how we can help 📥🤝

💸 Struggling to get paid for your hard work? Consider Gok.uk Court Claims if you're facing payment issues. 📑 It could be...
12/04/2024

💸 Struggling to get paid for your hard work? Consider Gok.uk Court Claims if you're facing payment issues. 📑 It could be the solution to getting what you're rightfully owed.

🏦 Wondering about the ideal number of bank accounts for your business? It all boils down to your specific needs. 💼 For l...
11/04/2024

🏦 Wondering about the ideal number of bank accounts for your business? It all boils down to your specific needs. 💼 For limited companies and self-employed individuals, a separate business account is a must. At a minimum we suggest these essential accounts: current, savings, and taxes. 💰 Need help sorting out your finances? Let's chat for a free consultation!

🚫 Avoid this common expense mistake: claiming mileage for your daily commute! Remember, you can't claim journeys between...
10/04/2024

🚫 Avoid this common expense mistake: claiming mileage for your daily commute! Remember, you can't claim journeys between your home and workplace. 🏠🚗💼 Understanding mileage allowances can be tricky, but it's a smart move to lower your tax bill. Let's help you navigate it better! Schedule an intro call with us today for assistance. (Link in Bio) 📞💰

📋 Self Assessment Tax Return Checklist 📋As the UK self-assessment tax year ends on 05 April, it's time to prepare! Here'...
06/04/2024

📋 Self Assessment Tax Return Checklist 📋

As the UK self-assessment tax year ends on 05 April, it's time to prepare! Here's your essential checklist:

1️⃣ Your Personal Tax Account and UTR Number:

HMRC online Login and password
Full name and contact information
National Insurance Number (NINO)
Unique Taxpayer Reference (UTR)

2️⃣ Income and Expenses:

Collect P60 and P45 for employment income
Maintain records for self-employment income and expenses
Keep track of rental income and expenses for properties
Don't forget other income sources like dividends and savings interest

3️⃣ Allowable Tax Deductions:

Organise expenses for self-employment, any rental property expenses,
any records of charitable contributions and business mileage

4️⃣ Child Benefits and Tax Credits:

Declare child benefits if earning over £50K
Be aware of tax charges for Child Benefit recipients
Gather details of any taxable state benefits

5️⃣ Tax Reliefs and Allowances:

Know your personal allowance and marriage allowance
Keep records of dividend vouchers and taxable income

6️⃣ Additional Information:

Report foreign income, if applicable
Understand obligations for non-resident landlords
Include student loan repayments and capital gains tax

7️⃣ Important Deadlines and Submission:

Whilst the deadline is 31 January 2025, wecommend getting the tax return done as soon as possible. Because if you do have tax to pay, you'll know exactly how much, giving you time between April - Jan to get it paid off

8️⃣ Common Mistakes to Avoid:

Maintain detailed records of income and expenses
Seek professional advice
Submit your tax return on time to avoid penalties
Safeguard your UTR number and Government Gateway ID securely

Get ahead with your tax return and avoid common errors. For professional advice, drop us a message and we'll be happy to help! 📝💼

Stay up-to-date with grants and funding available for your business! 💷 There are endless grants given out throughout the...
04/04/2024

Stay up-to-date with grants and funding available for your business! 💷 There are endless grants given out throughout the year for creative industry. Including grants for projects and business development.

Grants Online brings the latest news on grants and funding every month. We definitely recommend that you check them out 📥

Address

71-75 Shelton Street, Covent Garden
London
WC2H9JQ

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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