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As the 2024 holiday season approaches, businesses are gearing up for one of the busiest and most profitable times of the year. Whether you run a retail shop, an e-commerce store, or a service-based business, preparing your finances for the Christmas season is crucial to maximizing your profits and minimizing financial stress. Here’s a guide

National Insurance Contributions (NICs) are a fundamental part of the UK’s social security system, supporting essential services like the NHS, state pensions, and other welfare benefits. Understanding how NICs work is crucial for both employers and employees to ensure compliance and make the most of the benefits they provide. In this guide, we’ll break down

Running a small business comes with a multitude of responsibilities, and managing your taxes effectively is one of the most crucial. Proper tax planning can save you money, reduce stress, and ensure compliance with tax laws. Whether you’re just starting out or have been in business for years, staying on top of your taxes can

When it comes to holiday pay, knowing your rights and entitlements is crucial. Whether you’re a full-time employee, part-time worker, or on a zero-hours contract, understanding how much holiday pay you should receive can help you better manage your finances. In this blog post, we’ll delve into the basics of holiday pay, how to calculate

Navigating the world of student finance can be a daunting task for both students and their families. With tuition fees and living costs rising, understanding how student loans work is crucial. One key factor that significantly influences the amount of loan a student can receive is their parents’ income. In this blog post, we’ll explore

Are you dreaming of retiring early and enjoying a life of freedom and flexibility? At Clayton Starling, we understand the importance of financial independence and the desire to retire on your terms. As a small independent firm of accountants and tax advisers, founded in 1989, Clayton Stirling & Co has been serving our community for

Pensions form a crucial aspect of financial planning, particularly as we look toward retirement. For UK taxpayers, navigating the various rules and limits surrounding pension contributions is essential for maximising retirement savings while optimising tax benefits. In this guide, we’ll delve into the intricacies of pension contribution limits in the UK and explore how you

As a sole trader, you’re the backbone of your business, responsible for its success and your financial well-being. While running your own business offers flexibility and independence, it’s essential to prioritise your retirement planning to ensure a secure future. Pensions for Sole Traders is an important step to secure your financial freedom when you stop