1. Is your accountant keeping up to date with the latest technology HMRC requirements change often, particularly at the moment. HMRC are trying to drive more and more of their processes online but they have certain requirements that accountants need to follow to ensure filing is completed correctly. 2. You’re never quite sure what additional …
5 Reasons to think about changing your Accountant Read More »
Many entrepreneurs have no idea how their businesses are doing financially. It is just not a priority to sit down at the end of the month and go through bank statements or reconcile transactions on bookkeeping software. This can compound over time and make the end of year accounts seems like a mountainous task. They …
Getting to the turnover which requires your business to be VAT registered represents a significant milestone in your business journey. With VAT registration however, also comes added responsibilities which may be daunting for you, especially when you are filing your first return. Here, we will share some helpful hints to get you ready for completing your …
You can claim more than you think on your first VAT return Read More »
Could you be eligible for Research & Development Tax Allowance? You may think that Research and Development is only for science or technology companies. This could not be further from the truth. The technical definition of Research and Development is to ‘resolve scientific or technological uncertainties’. If your company is looking to solve a current …
Modern couples have vastly different ways of navigating finances. The key to not letting money drive a wedge between you always starts with communication. Sharing financial commitments however does not mean that you have to share all of the same priorities, you just need to know what is important to each other and design your …
Are you and your partner speaking the same financial love language? Read More »
Do you speak to your accountant and suddenly feel like they are speaking a foreign language? Every profession has its own lingo and accounting is no different. The difference is, no matter what line of work you are in, you need to understand your accounts to know how well you are doing, what needs to …
Every year HMRC make certain tax reliefs and other benefits available. We have put together a handy check list to help you plan for your year end and to help you put things in place to make life easier for the coming financial year. End of your current year Capital Gains: Have you used your …
In April 2020 the final stage of changes to income tax relief rules for landlords came into effect. From 2017 the UK Government gradually reduced the amount of property finance costs (not just mortgage interest) private landlords can claim as an allowable expense. The result is that landlords who hold property in their own name, …
Whether you are Self Employed or running a Limited Company there are costs you can claim as allowable expenses which include: Stationery or phone bills Office space rent and rates Fuel, parking, train, air or bus fares Uniforms & Personal Protective Equipment Salaries or subcontractor costs Stock or raw materials for your goods or service …
Bulgaria has grown to be a remarkably interesting choice for opening in recent years. The economy in Bulgaria continues to expand at a rapid pace and is presenting UK entrepreneurs with a viable option for them to continue to trade in Europe post Brexit, avoiding red tape and duty costs. There are many benefits of …