by yasiradnan94 | Oct 29, 2019 | Accounting, Advice, Contractors, FAQs, News, pensions, Tax planning
A lot of our clients are not aware of the starting rate of savings. To find out more read this short blog post. We find a lot of clients are unaware of the starting rate of savings. This is a tax free amount of £5,000 in interest income. The more earned from other...
by yasiradnan94 | Jul 29, 2019 | Accounting, Advice, Business, FAQs, Financial planning, News, Small Businesses, Tax planning
IR35 rules for the private sector are changing in terms of implementation from April 2020. As things stand currently, small companies will be excluded. The definition of small companies follows that of the Companies Act 2006 which is if a company meets 2 of the...
by yasiradnan94 | Dec 13, 2018 | Accounting, Advice, Business, FAQs, News, Small Businesses, Tax planning, VAT
Fines and penalties are not a tax deductible expenses, meaning the business will not receive tax deduction when incurring them. Read on to find out whether or not your business can reclaim VAT on parking fines. Fines, penalties, VAT and other taxes Fines and...
by yasiradnan94 | Dec 6, 2018 | Accounting, Advice, Business, FAQs, Financial planning, News, Small Businesses, Tax planning
Director/shareholders can at times find themselves in a situation where they have used business cash to fund personal purchases. It is important to record such transactions adequately in the company books to avoid potential issues with HMRC. HMRC’s View HMRC...
by yasiradnan94 | Nov 15, 2018 | Accounting, Advice, Business, FAQs, Financial planning, News, Small Businesses, Tax planning, VAT
From April 2019, the majority of small businesses must now have fully digital record keeping. This piece discusses the key points of ‘Making Tax Digital’ and how it will affect taxpayers. With the timetable for Making Tax Digital (MTD) confirmed, the...