5 Reasons Why Your Small Business Needs a Professional Accountant
Running a small business comes with many challenges—from managing day-to-day operations to keeping up with customer demands. But one of the most critical areas often overlooked by small business owners is financial management. That’s where a professional accountant can make a real difference.
At Prime Accounts Manchester, we work with small businesses across Greater Manchester to simplify their finances and help them grow with confidence. Here are five key reasons why hiring a professional accountant is one of the smartest decisions a business owner can make.
Pensions have long been treated differently from other assets when it comes to Inheritance Tax (IHT). Under the current rules, if the owner of an uncrystallised pension dies under the age of 75, payments made from their pension within two years can be received by beneficiaries completely income tax-free.
From 1 April 2023, the UK introduced new Corporation Tax (CT) rates, which vary depending on a company’s profits:
• Main rate: 25% for profits over £250,000
Here are five reasons why working with a professional accountant can transform your business:
Running a small business is demanding — from managing operations to serving customers, it’s easy to overlook the bigger financial picture. Yet smart financial planning
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