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BUSINESS GUIDES, INSIGHTS, ADVICE & NEWS
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Dying Without a Will – The Rules of Intestacy
No one likes to think about their own passing, but not having a will can mean a long and complicated process for those you leave behind that often doesn’t work out the way you would prefer.
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What is next? U, V, or L shaped UK recession?
The Coronavirus outbreak in the UK and around the world has been really tough for all of us to watch over the last few months. Even if the virus has not affected you, your family, or your friends yet, we all harbour deep fears and rising anxiety about our loved ones who are members of…
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How Long Should I Store Business Records?
Ah, the good old filing cabinet. From a childish perspective, these towering monoliths of metal formed the very essence of what it meant to be in ‘an office’; an unapproachable adult thing from a perplexing world.
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What Insurance Do I Need For My Business?
When running a business, you find yourself at the front line for many problems. Not only are you the primary decision maker for where the business should go, but the concept of ‘the buck stops here’ ends up decisively at your feet. With the future of the business and people’s livelihoods at risk (including your…
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Changing from a Sole Trader to a Limited Company Director
Growing a business is a very exciting prospect. Once that first hurdle; of moving from employed to self-employed, is passed, one of the next milestones comes in the transition from a self-employed Sole Trader to a Limited Company.
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How To Find An Accountant For Your Business
It would be easy for us to say “choose Black and White Accounting for all your accounting needs”, but before we jump to that inevitable conclusion, it is worth a look at what makes a good accountant and the things you should consider for your business. Perhaps we are right for you, or perhaps not…
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R&D Tax Credit: Your route through the Coronavirus Crisis?
Politics aside, the UK Government’s response to the Coronavirus (COVID-19) crisis has been comprehensive, but incomplete. A lot of limited companies in particular and their Directors have been left behind without any support, nor much hope of it being business as usual for weeks if not months to come. Why not consider R&D Tax Credits…
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Support for Charity sector and other Coronavirus Support Update
As it has been nearly two weeks since our last Coronavirus Support Scheme Blog, it felt like time for an update. The big updates below are principally on the Support of Charities, Income Support Scheme, Job Retention Scheme and Rates Relief and Grants.
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Statutory Duties of a Director of a Limited Company
This is the most Frequently Asked Question from our clients this week, so we thought we’d prepare a blog to answer these questions head-on. This is because where a Limited Company Director furloughs themselves, they are not able to work, therefore, they can only fulfil their duties as a Director of a Limited Company.
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Benefits in Kind (P11D): It’s that time of year again
A Benefits in Kind Form (P11D) is used to report expenses and benefits paid to directors and employees, which have not been taxed through the payroll, or PAYE system. As a result, you can pay the tax and National Insurance owing from these. Typical examples include company cars, health insurance, travel and entertainment expenses and…
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What are HMRC’s Payments on Account?
After the January 31st deadline passes, self-employed people across the country prepare themselves for their tax bill. For many of them, it seems that no matter how often their good intentions promised that they would put money aside for it, the tax deadline is a period of real financial difficulty.
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Let Property Campaign: Sleep Well At Night
Everyone makes mistakes. Whether you didn’t know you needed to declare the rental income you received, life got in the way of you doing it, or you just didn’t know how to resolve it; you do now; we are here to help you. Do you have property income which you haven’t told HMRC about? Is…