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BUSINESS GUIDES, INSIGHTS, ADVICE & NEWS
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Tax Talk: Pimlico Plumbers – Employment Status & Corporation Tax
At Black & White Accounting, we know that tax isn’t always black and white—especially when it comes to employment status and corporate tax liabilities. One of the biggest UK business tax cases in recent years involved Pimlico Plumbers, a battle that reshaped how companies classify their workers and, crucially, how much tax they owe. This…
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Which VAT Scheme is for Me? A Guide for UK Businesses
Value Added Tax (VAT) is a crucial part of running a business in the UK, but choosing the right VAT scheme can be confusing. The scheme you select can impact your cash flow, admin workload, and even how much VAT you pay. At Black & White Accounting, we make VAT simple, stress-free, and tailored to…
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Tax Talk: The Double Cab Pickup – Car or Commercial Vehicle?
At Black & White Accounting, we love a tax debate that’s as practical as it is financially significant. If you run a business and use vehicles for work, you might assume that a Double Cab Pickup (DCP) is a commercial vehicle and should be taxed as one. But HMRC doesn’t always see it that way.…
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Double Tax Relief – Where, When and How?
Navigating the World of Double Taxation with Black & White Accounting Taxation is a certainty in life, but what happens when you are taxed twice on the same income in two different countries? That’s where Double Tax Relief (DTR) comes in—a crucial mechanism designed to prevent unfair double taxation on international earnings. Whether you’re a…
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Everything You Need to Know About SSAS: A Guide for Individuals and Business Owners
Looking for a tax-efficient way to boost your retirement savings while also providing financial flexibility for your business? If so, a Small Self-Administered Scheme (SSAS) might be the great solution! Whether you’re a business owner seeking more control over your pension or an individual looking for flexible retirement planning, a SSAS offers unique benefits that…
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Tax Talk: Jaffa Cakes – Cake or Biscuit? Tax Debate
At Black & White Accounting, we love a good tax debate, and few are as famous (or delicious) as the Jaffa Cake case. This isn’t just about what you call your teatime treat—it’s a prime example of how tax law can have surprising financial consequences. So, let’s break it down: why did it matter, what…
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The Truth Behind Restricted Stock Units (RSUs)
Unlocking the Potential of RSUs with Black & White Accounting Stock-based compensation has become a powerful tool for attracting and retaining top talent, especially in fast-growing tech companies, multinational corporations, and start-ups. Among the various equity-based incentives, Restricted Stock Units (RSUs) stand out as one of the most popular forms of employee rewards. But while…
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Gross Payment Status and CIS – What You Need to Know
Understanding CIS and Gross Payment Status with Black & White Accounting If you work in the UK construction industry, you’ve likely heard of the Construction Industry Scheme (CIS) and Gross Payment Status (GPS). But what do they really mean for your business, and how can they impact your cash flow, tax obligations, and overall financial…
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Gift Aid Explained: How Charitable Donations Can Reduce Your Tax Bill
Charitable giving is a wonderful way to make a difference, but did you know it can also benefit your finances? In the UK, the Gift Aid scheme allows you to boost the value of your donations to charity and, in many cases, reduce your tax bill as a result. Whether you’re an individual taxpayer or…
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The Essential Guide to State Pension
At Black & White Accounting, we know how important it is to plan for your future. Your State Pension is a key part of your retirement income, yet many people don’t fully understand how it works. In this essential guide, we’ll break down everything you need to know about the UK State Pension, including eligibility,…
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How Do I Expand My Business Internationally? A Step-by-Step Guide for UK Businesses
Expanding your business internationally is an exciting opportunity to reach new markets, increase revenue, and build global recognition for your brand. But for UK businesses, the idea of going global can feel daunting. From navigating international regulations to managing cross-border finances, there are plenty of challenges to overcome. The good news? You don’t have to…
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What Are the Advantages of Being Self-Employed and How to Enjoy Them!
The allure of self-employment is undeniable—freedom, flexibility, and the ability to chart your own course. For many, making the leap into self-employment is the key to unlocking a lifestyle and career that truly aligns with personal goals and passions. But what are the specific advantages of being self-employed, and how can you make the most…