Category: Accounting

  • Everything you need to know about ATED

    Everything you need to know about ATED

    If your company owns property worth more than £500,000, then the likelihood is that you will be required to pay the Annual Tax on Enveloped Dwellings (‘ATED’) each year on your investment. The decision to tax properties owned by limited companies was an attempt to deter corporate ownership of residential property in the UK and,…

  • What is a Sole Trader? Your guide to becoming self-employed and what it means for you

    What is a Sole Trader? Your guide to becoming self-employed and what it means for you

    What is a sole trader? There are many different types of business structures available for entrepreneurs to choose from in the UK and is being a sole trader the right business structure for your business?

  • Five Employment Law Changes Coming In April 2021

    Five Employment Law Changes Coming In April 2021

    With April swiftly approaching, there are many key changes in Employment Law. We highlight the five key ones below with employment tribunal, statutory sick pay, family leave, minimum wages and perhaps for us, most significantly IR35 changes.

  • Shara joins Black and White

    Shara joins Black and White

    We are really excited to announce that Shara Iles has joined us from FigureFox Ltd.

  • How Do I Contact HMRC By Phone?

    How Do I Contact HMRC By Phone?

    There are a variety of different ways to contact HMRC – by phone, email, post, and even by webchat. The best ways to contact them though remain by phone and by post because HMRC’s agents can go into a level of details with you which is not possible when using the relatively insecure email and…

  • Redundancy? Or What’s the Alternative?

    Redundancy? Or What’s the Alternative?

    The impact of coronavirus continues to be substantial, with many businesses across the UK facing significant business worries and little certainty on the edge of the horizon. In such a situation, employers therefore need to consider all eventualities, including potentially making people redundant, it is the only responsible thing to do. However, the problem with…

  • Are you protected against a HMRC enquiry?

    Are you protected against a HMRC enquiry?

    Each year HM Revenue & Customs (‘HMRC’) undertake an enormous number of tax enquiries into individuals and businesses to check they have paid the right amount of tax. Since 2010 HMRC have strengthened their approach to enquiry work by using wider powers and sophisticated software and consequently secured a record £34.1 billion of additional tax…

  • Spring Budget 2021- Q1 Newsletter

    Spring Budget 2021- Q1 Newsletter

    After Rishi Sunak, the Chancellor of the Exchequer set out the Government’s tax and spending plan in the 2021 Budget last week, we wanted to keep you updated with all the key information you need to know for the year ahead. Most of the changes announced last week, will not impact the current tax year,…