Category: Uncategorized

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…

Filing a Self-Assessment Tax Return can feel daunting, but it doesn’t have to be! Whether you’re a sole trader, landlord, freelancer, or company director, ensuring your tax return is filed correctly and on time is crucial to avoiding penalties and maximising tax savings. At Black & White Accounting, we help you navigate the process smoothly,…

At first glance, a Christmas cracker may seem like nothing more than a light-hearted festive novelty—containing a paper hat, a joke, and a small toy. But behind this seasonal tradition lies a much more serious issue for manufacturers and retailers: VAT classification. The question at the heart of a now well-known VAT debate was this:…

Choosing the right accountant is one of the most important decisions for your business. The right professional can save you time, money, and stress, ensuring that your finances are managed efficiently. But how do you know who to trust? At Black & White Accounting, we believe in transparency, expertise, and trust, and we’re here to…

Running a business is exciting, but let’s be honest—financial statements can feel like a foreign language. If terms like balance sheet, profit & loss, and cash flow statement make your head spin, don’t worry—you’re not alone! At Black & White Accounting, we believe numbers should work for you, not against you. That’s why we break…

At first glance, it seems like a simple question: Are Pringles potato crisps? Most people would say yes without hesitation. However, this seemingly straightforward issue led to a major courtroom battle—and a £100 million VAT bill—all due to the complexities of UK tax law. This unusual case provides a valuable reminder of just how nuanced…

Taxes—love them or hate them, they’re a crucial part of running a business in the UK. Whether you’re a sole trader, a small business owner, or just starting out, understanding the UK tax system is essential to staying compliant and maximising your profits. At Black & White Accounting, we know tax can be overwhelming, but…

At Black & White Accounting, we often help clients navigate one of the trickier parts of the UK tax system—VAT classification. And one fascinating example of how these rules can affect businesses (and consumers) is the VAT treatment of helicopter flying lessons. The question is simple: are flying lessons a form of professional training or…

Running a business is a journey—one that requires clear direction, focus, and a plan to measure progress. Without goals, it’s easy to feel like you’re spinning your wheels, unsure of whether you’re actually growing or just staying busy. That’s why setting and reviewing business goals is crucial for long-term success. At Black & White Accounting,…