Category: Uncategorized

The future of tax is here, and it’s digital! Making Tax Digital (MTD) is not just a government initiative—it’s a game-changer for businesses across the UK. At Black & White Accounting, we’re thrilled to help you embrace this exciting transformation and unlock its full potential. What Is Making Tax Digital? Making Tax Digital (MTD) is…

Welcome back to our Mythbusters blog series, where we debunk financial myths that could land business owners in trouble. At Black & White Accounting, we help businesses stay compliant, tax-efficient, and financially secure—and today, we’re tackling a common payroll misconception: “Bonuses and benefits aren’t taxed like salaries.” Many employers and employees assume that bonuses and…

At Black & White Accounting, we understand that managing financial records is an essential part of running a business. But with GDPR (General Data Protection Regulation) in full force, ensuring compliance with data protection laws is just as critical as keeping your accounts in order. Failing to comply with GDPR can result in hefty fines,…

If you’re a business owner in the UK, understanding Value Added Tax (VAT) is crucial. Whether you’re a sole trader, a small business, or a growing company, VAT can seem overwhelming at first—but don’t worry, we’re here to break it down for you! At Black & White Accounting, we help businesses like yours navigate VAT…

Welcome to our Mythbusters blog series, where we will expose the biggest financial myths that could land business in trouble. At Black & White Accounting, we believe that understanding financial rules is the key to long-term success, and today we’re tackling one of the biggest misconceptions among business owners and directors: “My company’s money is…

At Black & White Accounting, we understand that tax season can bring stress, confusion, and last-minute panics for many individuals and businesses. But it doesn’t have to be that way. With the right tools and expertise, completing your Self-Assessment tax return can be straightforward, efficient, and even empowering. That’s where we come in. As a…

Running a yoga studio, business network, or training organisation? You might be surprised to learn that your VAT obligations could shift dramatically—depending on whether HMRC sees your service as education or leisure. This isn’t just a minor technicality. Get it wrong, and you could face hefty backdated VAT bills or penalties. Let’s explore why this…

Managing payroll and PAYE (Pay As You Earn) can feel overwhelming for UK employers, but it doesn’t have to be! Ensuring that your employees are paid correctly and on time while staying compliant with HMRC regulations is essential for running a smooth and stress-free business. At Black & White Accounting, we make payroll simple, helping…

When it comes to managing business finances, one big decision every entrepreneur faces is whether to hire an accountant or go the DIY route. While handling your own books might seem like a cost-saving strategy, is it really the best option for your business? At Black & White Accounting, we believe in making numbers work…

In recent years, Research and Development (R&D) tax relief has become a valuable incentive for innovative UK businesses—particularly those in the software and technology sectors. However, HMRC has significantly changed its approach to reviewing claims, and software companies are now facing tougher scrutiny than ever before. If your business is writing code, developing systems, or…