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BUSINESS GUIDES, INSIGHTS, ADVICE & NEWS
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Goal Setting for Your Business Success
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,…
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A Simple Guide to Capital Gains Tax in the UK
Capital Gains Tax (CGT) is a tax that many people don’t think about—until they’re suddenly facing a large bill! Whether you’re selling a property, shares, or a valuable asset, understanding CGT can help you plan ahead, minimise your liability, and avoid costly mistakes. At Black & White Accounting, we make tax simple. We handle the…
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Tax Talk: eBooks vs Printed Books – A Taxing Difference?
At Black & White Accounting, we understand that not all products are viewed equally by HMRC—especially when it comes to VAT. One striking example is how books were historically taxed in the UK. You might reasonably assume that whether you purchase a book in print or in digital format, the tax treatment should be the…
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Marriage Allowance: How to Lower Your Tax Bill
The UK tax system offers various reliefs and allowances to help individuals keep more of their hard-earned money. One of the most underutilised yet powerful tools for married couples and civil partners is the Marriage Allowance—a simple way to legally reduce your tax bill. At Black & White Accounting, we’re passionate about helping our clients…
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Tax Talk: Arctic Systems – Can You Still Split Dividends With Your Spouse?
Splitting dividends between spouses has long been considered a sensible and effective tax planning strategy for family-run businesses. However, this approach was nearly brought to an end following one of the most significant tax cases in recent UK history: the Arctic Systems case. The Background: A Straightforward Setup—Or So It Seemed Geoff Jones operated a…
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IR35 Rules: How They Affect Contractors and Freelancers in the UK
If you’re a contractor, freelancer, or work through a limited company, then IR35 is a term you need to understand. These rules have had a massive impact on how independent workers are taxed, and getting it wrong can mean hefty fines and unexpected tax bills. At Black & White Accounting, we help contractors and businesses…
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The Small Business Guide to Accounting Success
As a UK accountancy practice, we know that individuals and businesses face unique financial challenges. In today’s fast-paced and competitive environment, it’s crucial to get the fundamentals right, especially when it comes to managing your finances. Whether you’re a freelancer, a startup, or a growing business, understanding accounting is the foundation of your success. Let’s…
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Tax Talk: The Takeaway Debate – Why Food Temperature Could Cost Your Business Thousands
Is your takeaway food hot or cold? Sounds like a silly question—but when it comes to VAT, temperature matters. In fact, it could be the difference between paying 0% VAT or getting hit with a 20% VAT bill. Yes, really. A few degrees of heat can mean thousands in extra tax for UK food businesses.…
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Service Spotlight: Bookkeeping Services at Black & White Accounting
Keeping track of your business’s finances is essential for success, but let’s face it—bookkeeping isn’t everyone’s favourite task. From logging receipts to reconciling accounts, it can quickly become time-consuming and overwhelming. That’s where we come in. At Black & White Accounting, we believe bookkeeping doesn’t have to be a burden. With our expert team and…
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Tax Talk: Uber’s £500 Million Tax Fight – And What It Means for YOUR Business!
When most people think of Uber, they picture a quick ride home from the pub, not a tax case that could shake up the way thousands of UK businesses operate. But Uber is now at the centre of one of the most significant tax disputes in recent history—and the final bill? It could top £500…
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Everything You Need to Know About Domicile and Residency for Income Tax
Understanding domicile and residency is crucial for anyone living, working, or earning income in the UK. Your tax status can have a major impact on how much tax you pay, especially if you have foreign income, international assets, or spend time abroad. At Black & White Accounting, we help individuals and businesses navigate the complexities…
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How Can A2X Help My E-commerce Business?
In the fast-paced world of e-commerce, managing financials is often the last thing entrepreneurs want to focus on. Yet, it’s crucial. If you’re running an e-commerce business you know how complex reconciling marketplace transactions can get. That’s where A2X comes in—a powerful tool designed to make your accounting as seamless as your sales. But is…