Limited Company Expenses
Use our digital systems to keep track of your receipts. This article is to help new business owners to understand the types of expenditure they can recover through their limited company. Please consider that where we refer to legislation this is subject to change.
Interim Budget Statement 2023
The Chancellor of the Exchequer has delivered his Autumn Statement 2023 to Parliament
Christmas Gifts
72 days to Christmas, are you ready for a Christmas joke and a cracker or two? Are you wondering what to gift your employees this year to thank them for their time?
Electric Cars 2022-23
We cover in this blog the latest guidance for running an electric company vehicle. The vehicle Co2 emissions and benefits in kind HM treasury will be charging to you and your employees.
Spring Budget Statement 2022
The spring statement sets out the government’s plans to reform and reduce taxes, with the cost of living at a 30 year high and no plan for this to change in the near future, read what the Chancellor said for small businesses and tax payers.
Tax Planning 2021-22
Our guide to the end of a tax year tax. Planning for individuals, high earners and business owners. Contact us for further information.
Glamping and Air BnB
Glamping and Air BnB with Super Deduction. Landowners and farmers are diversifying and renting land to generate other income streams.
Non-payment of deferred VAT
HMRC has confirmed that the penalty regime for non-payment of VAT due to the deferred VAT scheme introduced at the start of the pandemic is now in place.
Directors Company Loans
There may be times when your company needs funds – for a purchase, or an investment, perhaps. Can you lend personal funds to your limited company, and how are interest payments treated for tax purposes?
IR35 Breaches
What does Gary Lineker’s £5m dispute with HMRC tell us about IR35 investigations – are contractors and businesses feeling the pressure from new “off-payroll” legislation?
New Employer Duties
When you take on a new employee you need to get certain information from your employee so you can set them up with the correct tax code and starter declaration on your payroll software.
Recovery Loan Scheme
The fantastic new government backed funding arrangement ‘Recovery Loan Scheme’. The scheme will seek to ensure businesses of any size can continue to access loans and other kinds of finance from £25,000 to £10 million.
R&D Tax Credit
R&D tax credits are a form of Corporation Tax relief and the latest you can amend your Corporation Tax return is typically 24 months after the end of the accounting period.
Our Guide -March 21 Budget
Measures to mitigate the impact of Coronavirus, for personal and business taxes. Rishi's strategy to put taxes on hold until the economy bounces back. A very interesting tactic with super deduction and increased corporation tax, take a look.
Patent Box Relief
Patent box relief is a government incentive which results in tax relief, it's designed to help businesses to go beyond their core skills and find innovation and protect it, here in the UK.
VAT Deferral Payments
HMRC updated guidance on registering to pay VAT payments deferred between 20 March and 30 June 2020 due to the covid-19 pandemic, there are a number of payment options with online registration open until 21 June 2021.
Tax Investigations
HMRC’s investigations into the UK’s biggest businesses are taking an average of nearly four years – wasting valuable time and resources.
Diversity Funding
This funding is available to small businesses, new and established. Providing up to 50% of awards to Black, Asian and minority ethnic social entrepreneurs, and/or disabled social entrepreneurs.
Kick Start Grants
Starting in March 2021 as part of an intuitive plan, these Grants allow small businesses to create jobs. It will help to unearth businesses that had otherwise struggled to scale and access talent.
IR35 Changes April 21
IR35 Changes April 21Here, we look at what IR35 is, and how to ensure that your company falls outside its scop
R&D Tax Credits
R&D Tax Credits are a great way to benefit from the research and development activities within your company.
HMRC Intelligence
HMRC made over 18,000 requests to view phone records and web histories in investigations last year.
Innovate UK Smart Grants
Innovate UK, part of UK Research and Innovation, is investing up to £25 million in the best game-changing and commercially viable innovative or disruptive ideas.
Electric Cars
Electric cars are becoming more and more popular, and the government are providing a tax advantage if we use one, here's how you can make one beneficial to you.
C-19 - Support Measures
The Government have announced lots of support measures to help businesses through the pandemic, here are the main ones for you to have a read through.
CBILS and BBL's - Bank Loans
Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government has announced.
Recovering from a recession
Economic recovery is the business cycle stage following a recession. It's a sustained period of improving business activity where unemployment falls and GDP grows.
Goals and Collaboration
Your business goals are part of what will wake you up in the morning with the energy to strive and take your business forward. Spend time working out these goals and how you will achieve them.
What is a reasonable excuse
During the Covid-19 pandemic there may have been lots of things to remember to do which sometimes leaves us feeling overwhelmed. Here is HMRC's list of reasonable excuses to help you to take your next steps in correcting your taxes.
Keep Calm and Contact Us
We offer a free introductory appointment where we learn about you and your business and the services we can offer to benefit your existing accounting department or help you to outsource the whole department?
HMRC Connect System
HMRC's connect system was fully deployed in 2017 on the tax returns for the year 2015-2016. The system is being used to draw a huge amount of data on taxes paid in the UK and holds data from worldwide banks.
Accountancy
How does accountancy look from the other side of the fence. AI is providing a great solution to some of the day-to-day tasks which can be automated easily. How can accountants continue to keep adding value?
Self-Employment Income Support Scheme (SEISS)
Self employed grants to support those who have seen a decline in trading profits due to the pandemic. There are 5 of these schemes, it is wise to keep up to speed as the threshold tests must be met each time to be able to claim.
Home Office Costs
Working from home has become the norm for many people throughout the pandemic and for some sectors before then it was seen more viable to provide less time commuting and a greater work life balance, but how can you ensure your company pays towards the additional costs?
Debt Management
Debts can be stressful and can prevent you from taking important steps in your business. You can deal with Debt before it spirals out of control. Here's some advice.
Recruiting a Bookkeeper
When we appoint one of our finance team to become involved in a business we usually hear how hard it's been to employ a good bookkeeper so we have written this short blog to help you identify keys skills.
Our 20 Ways to Grow
A short list we created to assist in building your growth strategy. Our clients recommended we added a blog on this section as they have found this very useful to their businesses.
Cashflow Monitoring
You have no doubt heard the expression that 'Cash is King', cash and profit are aligned in your business and here's how you can improve yours.
Extracting Company Profits
Being able to extract profits from your company is a great feeling and a true indicator that you have managed the business well. How can you as a Director extract profits, do you need help to be more tax efficient?
Bookkeeping Software
Choosing the right bookkeeping software is very important and will get your business off to a great start once you have it in place with all the features and reporting working well.
Mileage Costs and Company Vehicles
Claiming car mileage allowance is a common source of head-scratching – how do you figure out what is eligible?
Important Accounting Ratios
How do you measure business performance? There are many different ratios that can be used and it is best to decide these with a professional who understands the key drivers of your business.
Making Tax Digital
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
