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BUSINESS GUIDES, INSIGHTS, ADVICE & NEWS

  • Are you ready for the VAT changes in the construction industry?

    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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  • What structure should my Property Business be?

    What structure should my Property Business be?

    Nearly £1 trillion worth of housing in the UK is held as second homes by individuals or businesses and people are increasingly putting money into second properties, especially with a relaxing in the Pension rules.

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  • R&D Tax Credits: could you wipe out your corporation tax?

    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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  • Warning: Money Laundering

    Warning: Money Laundering

    The value of Money Laundering in the UK is estimated to be £90billion. As a result, the UK Government established the Joint Money Laundering Intelligence Taskforce in 2015. Here are the procedures to be aware of when operating your business.

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  • Xmas Party Tax: What are the rules?

    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

    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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  • Prepare For Making Tax Digital

    Prepare For Making Tax Digital

    Don’t stick your head in the sand! Prepare for making tax digital. #MTD

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  • Why DIY Accounting Is Dangerous

    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.

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  • Tax Enquiries: No Need To Fear The Taxman!

    Tax Enquiries: No Need To Fear The Taxman!

    We all breathe a sigh of relief once our tax returns are filed on time, but what if that’s not the end of it? What if we are about to be targeted for Tax Enquiries!

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  • Don’t Lose Your Head Over Tax Self-Assessment – Like Charles I

    Don’t Lose Your Head Over Tax Self-Assessment – Like Charles I

    How many kings have been toppled, or bloody wars fought, because of income tax?

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  • Your Accountant And Tax Evasion: A Duty To Blow The Whistle

    Your Accountant And Tax Evasion: A Duty To Blow The Whistle

    The 31 January deadline is fast approaching for submitting self-assessment tax returns and paying income tax and National Insurance owed to HMRC.

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  • Did You Know Your Staff Christmas Party Is Tax Deductible?

    Did You Know Your Staff Christmas Party Is Tax Deductible?

    I always suspected that HMRC wasn’t really the Scrooge people think they are. To prove me right, they allow any business to claim the cost of an employee party as a legitimate business expense, up to a limit of £150 per person.

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