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All you need to know about Tax Deductible Expenses in the UK In this ‘no-nonsense’ guide, we’ll help you understand what tax deductible expenses are, what kind of expenses are eligible for tax relief and what steps you can take to avail those benefits. Without further ado, let’s delve right into it. TAX DEDUCTIBLE EXPENSES…Read More
Entrepreneur’s Relief or ER is a tax scheme in the UK which helps incentivise people so that they can grow their business. And it’s a rather effective way of doing so as it works by cutting down CGT (Capital Gains Tax) to a flat 10% rate – as opposed to the usual 20% rate, which…Read More
Owing to the recent change in working conditions, courtesy of the global pandemic, businesses are now faced with a multitude of financial and accounting challenges. After all, it’s become quite difficult to maintain back office functions while not having the ability to work on-premises. Accurate and timely accounting information has become absolutely vital for decision…Read More
Planning to sell your investment property? You need to be aware of a few changes in tax regulations that came into force recently on 6th April 2020. It is important for everyone – both UK and non-UK residents who are involved in the sale of residential property to understand the changes as any delay in…Read More
As a small business owner, there are multiple roles you might have to take up. Bookkeeping and related administrative responsibilities might distract you from operating and scaling up your business. The key point in bookkeeping for a small business is keeping complete, accurate, and up-to-date financial records. Bookkeeping also helps to keep track of the…Read More
Enterprises, both large and small, employ professionals to bear the burden of taxation and accounting. The advantage of hiring an accounting firm is that they provide financial advice and help business owners make financial decisions. Accounting companies can provide a lot more than payroll assistance or tax-related assistance. Certification Tax preparation companies hire and train…Read More
Money-This is how you measure business success. This is also how you pay your bills, pay your employees’ salaries, and keep your business running. Unfortunately, according to a Clutch survey, many small business owners sell themselves short without the necessary accounting resources. Accounting is part of every successful business. Accountants can meet the needs of…Read More
What Qualifies For Research and Development Tax Credits? Research and development tax credits have the power to transform your business and create a positive cycle of investment in the UK. What are R&D Tax Credits? Research and development tax credits are government rewards to encourage UK businesses that are into innovation, science, and technology. It…Read More
Top 10 tips: employee expenses during coronavirus homeworking If your employees are working from home due to the coronavirus lockdown, there are important tax compliance issues to consider before reimbursing expenses. Jacqui Gudgion 1. Supply of one mobile phone and sim card per employee The supply of one mobile phone per employee is non-taxable. There…Read More
The government has been forced to amend the coronavirus business interruption loan scheme (CBILS) for firms affected by the pandemic, following claims banks were forcing companies to provide personal guarantees, and is adding an option for larger companies. Official figures from UK Finance show while there have been over 130,000 enquiries from businesses across the…Read More
The situation in the UK, and the world is changing so rapidly it’s hard to keep up with the news.With significant challenges facing businesses and people’s livelihoods, the Chancellor has set out a package of temporary, timely, and targeted measures.The following programmes are to support public services, people, and businesses through this period of disruption…Read More
Are you wondering if you need to complete an HMRC Self Assessment Tax Return? Learn more about who needs to submit one and how by reading on.Tax can be confusing, so if you’re wondering whether you need to complete an HMRC Self Assessment Tax Return, you certainly aren’t alone. Here, we take a closer look…Read More
No matter what type of profit-making activity you engage in, you want to know which products or services are profitable. By comparing earnings to your cost of sales and being actively aware of how changes in the cost of sales or pricing (because of competition or other factors) are affecting your gross profit margin(s). You…Read More
Is your finance team inundated with work? Are you struggling to keep up with all the compliance reporting and rule changes in accounting and tax and differentials in multiple jurisdictions? Would you benefit from dedicated support with the technical expertise to report your financials accurately and keep you compliant across the board so that you…Read More
As a valued member of our community, we appreciate the trust you place in us to make sure all your critical services continue.
We are committed to an evidence-led and common-sense approach to containing the coronavirus outbreak and mitigating its impact on employees, customers and our wider business operations.
Please be assured we are preparing for our services to continue as normal. We have business continuity plans in place to minimise the risk of infection and make sure we can continue to deliver a business-as-usual service to our customers should an infection occur at an office. These include implementing clear guidelines for employees, providing support and advice for anyone who needs to self-quarantine, and issuing guidance on following safe hygiene practices across the organisation.
You can find further information on Covid-19 below to keep you updated:
