Base2Base Bookkeeping Blog

The end of the tax year often brings a collective sigh, followed swiftly by the thought of the Self-Assessment deadline. For many sole traders, partners, landlords, and high earners in the UK, filing a tax return is a mandatory annual task.While it might seem daunting, understanding the process, key dates,…

The UK tax year ended on 5 April 2025, and for many employers, attention now turns to the necessary end-of-year reporting. Among the key tasks is the P11D submission, a process vital for correctly reporting employee expenses and benefits to HM Revenue & Customs (HMRC). Navigating the world of P11Ds…

The start of a new financial year often brings a wave of updates, and 2025 is no exception. Chancellor Rachel Reeves delivered the Spring Statement 2025, confirming several key changes announced previously and outlining the fiscal path ahead. While perhaps lacking blockbuster announcements, the statement reinforces significant shifts impacting businesses…

The UK's Autumn Budget 2024, delivered by Chancellor Rachel Reeves, has brought a wave of changes that will significantly impact businesses across the UK. From tax hikes to increased national insurance contributions, the budget aims to balance the nation's finances while investing in public services. Let's delve into the key…

Ah, the joys of running your own business! You’re the captain of your ship, charting your course to success. But let’s be honest, managing the financial side of things can feel like navigating a stormy sea. Spreadsheets can become a tangled mess, and keeping track of invoices and receipts can…

Many businesses, from established players to enthusiastic sole traders, find themselves facing the same challenge – managing their finances effectively.There’s a reason why QuickBooks has become synonymous with accounting software in the UK. Its user-friendly interface and powerful features can streamline your financial processes, generate insightful reports, and free up…

In today’s fast-paced business world, having a firm grasp on your finances is no longer optional – it’s essential. Whether you’re a seasoned entrepreneur or a sole trader just starting out, navigating the world of accounting can feel daunting. Enter Xero, the cloud-based accounting software that’s taking the UK business…

Ah, Cornwall! The land of windswept cliffs, charming villages, and…nightmares about bookkeeping? If you’re a sole trader or small business owner in this beautiful county, chances are the financial side of things can feel a little overwhelming at times. Fear not, fellow Cornish entrepreneur! Just like King Arthur had his…

Ah, VAT returns. Those three little letters can strike fear into the heart of even the most seasoned business owner. The complexities of calculating VAT, keeping accurate records, and meeting deadlines can feel like navigating a financial labyrinth. But fear not, intrepid entrepreneur! There’s a wealth of support and assistance…

Xero has become a game-changer for businesses of all sizes in the UK. This cloud-based accounting software offers a user-friendly interface, powerful features, and seamless integration with various apps. But despite its intuitive design, many businesses still find themselves needing a helping hand to unlock Xero’s full potential. That’s where…