BUSINESS GUIDES, INSIGHTS, ADVICE & NEWS
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Are you ready for the VAT changes in the construction industry?
There are going to be some significant changes in how VAT will be charged in the construction industry. If you haven’t already done it, you should make sure you understand how these changes may apply to you. To help you, we’ve put together an overview of what you need to know about tax in the…
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R&D Tax Credits: could you wipe out your corporation tax?
Is your business eligible for Research and Development (R&D) tax credits? R&D tax credits were established to drive innovation and recognise UK businesses that invest in research and development of new products, processes or services (or enhancing existing ones) allowing them to invest in further R&D and growth.
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Xmas Party Tax: What are the rules?
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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Summary of the 2018 Budget
It’s taken three Autumn Statements from the current Chancellor of the Exchequer, so I bet Philip Hammond’s been bursting to make the announcement that austerity is coming to an end. With an economic forecast better than expected and receipts from taxes also increasing, the Chancellor was feeling confident enough to increase spending.
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Why DIY Accounting Is Dangerous
If you’re running your own business, or you’ve just started up, you’re constantly looking for ways to minimise costs and improve your profit! Many people look on professional accountancy and book keeping services as a cost burden and see DIY accounting as an instant saving.