Blog

Created by the BAS team members, take a look at the latest news accross tax, accountacy and business.

Think Payroll is simple? Think again.

Think Payroll is simple? Think again.

Payroll is a deceptively complex part of running a business. And getting it wrong can cost you far more than just time and stress. At BAS Associates, our payroll service is designed to take every element of payroll off your plate. Our goal is simple: keep you compliant, efficient, and penalty-free…while saving you time.
Industry-Specific Tax Planning for Limited Companies: What You Need to Know 

Industry-Specific Tax Planning for Limited Companies: What You Need to Know 

Many small, limited company owners, from builders and plumbers to consultants and landscapers, struggle to understand their tax obligations efficiently. While the core tax rules remain the same, there are industry-specific considerations that can help business owners reduce tax liabilities and improve profitability. Below, we break down key tax-saving strategies and considerations for different industries: 
What a great Accountant does that you didn’t even realise you needed!

What a great Accountant does that you didn’t even realise you needed!

Many business owners think an accountant’s job is simply to file tax returns and submit accounts - but a truly great accountant does so much more. If your accountant isn’t actively helping you grow, save money, and stay compliant, you could be missing out on huge opportunities. Here’s what a great accountant should be doing for you (often without you even realising!). 
HMRC MTD late payment penalties

HMRC MTD late payment penalties

Stricter HMRC penalties for late tax payments are coming in April 2025 under Making Tax Digital (MTD). If you're a UK landlord or small business owner, find out how these changes could affect you - and what steps you can take now to avoid costly fines.
Self-assessment vs. PAYE: Who needs to register for SATR & why?

Self-assessment vs. PAYE: Who needs to register for SATR & why?

If you’re earning income in the UK, you may be wondering whether you need to register for self-assessment or if tax is automatically deducted through PAYE (Pay as You Earn). Getting this wrong could mean underpaying tax (leading to penalties) or overpaying tax without realising it. This guide breaks down the differences between self-assessment and PAYE, who needs to register, and when it’s best to get professional help. 
Employment Rights Bill 2024: What do employers need to know and how to stay compliant?

Employment Rights Bill 2024: What do employers need to know and how to stay compliant?

The Employment Rights Bill 2024 introduces one of the most significant shifts in UK employment law in recent years. Aimed at improving fairness, flexibility, and protections for employees, the bill presents important changes that every business owner should understand - especially those with staff or currently recruiting. At BAS Associates Ltd (BAS), we work with businesses every day to help them stay ahead of changes like this, offering tailored advice and free access to expert HR guidance for all our clients. Below, we’ve broken down the key updates, where the bill stands right now, and how to prepare effectively.
HMRC to close online Corporate Tax filing service

HMRC to close online Corporate Tax filing service

HMRC to close online corporate tax filing service – What it means for your business On 6th March 2025, HMRC announced a significant change that will impact thousands of UK businesses. The ...
How to Create a Will: Step-by-Step Guide

How to Create a Will: Step-by-Step Guide

Creating a Will is one of the most important steps you can take to protect your family's future. At BAS, we understand that the process can seem daunting, but it’s crucial to ensure your wishes ...
Questions to ask an Accountant before hiring them

Questions to ask an Accountant before hiring them

Choosing the right accountant can make a huge difference to your business. A good accountant will save you time, money, and stress, while a bad one could leave you paying more tax than necessary or struggling to keep up with financial obligations. Before hiring an accountant, ask these key questions to ensure they’re the right fit for you and your business. 
Who needs to register for MTD for ITSA? 

Who needs to register for MTD for ITSA? 

With Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) rolling out from April 2026, it’s essential to know whether you need to register and how to stay compliant. MTD for ITSA requires certain taxpayers to keep digital records and submit quarterly updates to HMRC. 
How an Accountant can help you save money on your Self-Assessment Tax Return

How an Accountant can help you save money on your Self-Assessment Tax Return

Filing a self-assessment tax return can be stressful - especially if you’re unsure whether you’re claiming everything you’re entitled to. Many self-employed individuals and business owners end up paying more tax than they need to simply because they don’t know the rules. A good accountant can help you reduce your tax bill legally, ensuring you claim every possible deduction while staying fully compliant with HMRC. Here’s how: 

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Brett Smith

Brett Smith

Tax & Accountancy

Sian Smith

Sian Smith

Business & Development