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BUSINESS GUIDES, INSIGHTS, ADVICE & NEWS
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Budget 2020
I must admit to being rather excited about 2020 Budget and although the delivery may have been considered and professional, it doesn’t feel like the catalyst for change I was hoping for. However, maybe I am being unfair. The Chancellor has been in his job for less than a month. Not only did he have…
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Different types of Business Loans
Growing a business requires capital investment. No matter the central focus to your business, and the sector it is in, this one fact remains true. Capital represents many things, from the obvious ability to employ additional staff, find suitable premises, or upgrade equipment to the more abstract, like freeing up your time to focus on…
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Is your dog tax deductible?
Approximately 9.9 million adults in the UK own dogs, which is around 26% of UK adults. Dogs noses are wet to help them absorb scent chemicals, which they lick to sample. A bloodhound has such a good sense of smell that it can be used in a court of law. Three dogs even survived the…
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Cash; Death or Evolution?
Last year it was widely reported that more money was spent by consumers with retailers on card rather than cash transaction. A British Retail Consortium (BRC) survey showed that only £1 in every five spent in shops is in cash compared to credit, debit and store cards. Sweden is predicted to become cashless society by…
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Top 5 SME Challenges in 2020
According to the Federation of Small Businesses there were 5.8 million small businesses operating at the start of 2019. These contribute significantly to the UK economy and at Black and White Accounting, we’re proud to be playing our part to support and help them flourish.
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Pre-Year End Tax Planning Opportunities 2020
Are you being smart when it comes to taxes, by ensuring that you are taking full advantage of various allowances you could benefit from? If you are not sure, here are our top ten actions you should consider to reduce the amount of tax you will end up paying in the 2019/20 tax year.
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Employing Your Spouse – How to Make the Most from An Unused Tax Allowance
When you are self-employed, whether that be as a contractor, sole trader, agency worker or director of your own limited company, it is beneficial to maximise your tax allowance and bring your tax down to a manageable level that allows you to grow the business and make it profitable enough that you can afford to…
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It’s Chrisssssstmasss
Are you claiming all the expenses you can in your accounts to reduce your corporation tax bill? Company directors are entitled to provide an annual event for yourself, staff and your partner, and reclaim the costs, as long as the cost per head does not exceed £150 (including VAT), not even by a penny. The…
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Getting a Self-Employed Mortgage – Why an Accountant Makes all the Difference
Let’s not beat around the bush – getting a mortgage if you are self-employed or run your own business is hard. There are a lot of obstacles in the way of buying a property and if you are in the position where your work and your income fluctuates, then it can feel impossible to break…
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How can I incentivise my key staff?
One of the biggest headaches of an entrepreneur is building and retaining a great team, who understand your vision, and are able to consistently deliver what and how you want them to. Whilst there are lots of opportunities here, the focus of this article is shares. This is because they can be a way to…
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Power of Attorney (PoA)- Having Your Finances Secured
When dealing with finances, there is a hierarchy that seems to exist in most people’s minds when it comes to making sure their family are cared for should anything unexpected happen to affect their ability to provide.
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Can I save taxes and the planet at the same time?
News stories of environmental disasters, demonstrations in central London and even the recent hot summer have made us aware of the importance of playing our part in protecting the environment. The good news is that your business may be eligible to benefit from tax relief by participating in schemes encouraging businesses to go green.