5th October 2020
Have you told HMRC about your Airbnb income? Made sure it’s on your personal tax return? If not, then the 2019 Airbnb accounts that have been filed with Companies House and HMRC include an interesting line that you should probably take note of. The company is going to share data with HMRC about the earnings […] Read More
Interesting news on the COVID front today. Apparently the UK grossly understated the number of recent new cases due to a spreadsheet error. Now I don’t know exactly what the spreadsheet error was, but the fact that it happened isn’t exactly surprising. I’m sure we’ve all experienced it over the years – a formula isn’t […] Read More
25th September 2020
Chancellor Rishi Sunak has announced the government’s plan to protect jobs and support businesses in the coming months. Key parts of the announced Winter Economy Plan include: a new Job Support Scheme, extension of Self Employment Income Support Scheme, an extension of the VAT cut for hospitality and tourism sectors, and help for more than […] Read More
18th September 2020
The monthly payroll is something that most businesses have to do, and it’s important to get it right. There is a lot to know about payroll, and small mistakes made by someone in the payroll department could lead to underpaying or overpaying employees or failing to meet the regulations – which could lead to fines. […] Read More
19th August 2020
Businesses must prepare several annual accounts every year. One of these is your balance sheet, which shows what you owe and what is owed to you, and another is your profit and loss account. In this guide, we’ll be looking at the profit and loss account to provide you with a better idea of everything […] Read More
22nd July 2020
Whether you’re planning to start a business or your business is growing rapidly, it’s important to know about your VAT obligations. In this guide, we’ll cover everything you need to know about VAT to get you started. What Is VAT? VAT stands for Value Added Tax, and it’s one of the many taxes that businesses […] Read More
3rd July 2020
This is an important question for your business, and we're happy to answer it - with real numbers, not just general thoughts. Read More
26th June 2020
Preparing your self-assessment tax returns can be a stressful process and is one of life’s necessary evils. Having done all that work to get your finances in order though, only to get scammed out of your hard-earned money, can be downright devastating. The unfortunate reality is that there are plenty of opportunists looking to prey […] Read More
8th June 2020
We’ve always made it clear that we think Xero is great. And one of the things we do with our clients when they start with Xero is get everything set up and give them the training they need (see our packages here). If you’re making the journey alone for the moment, however, here’s our quick […] Read More
28th May 2020
Before you enlist the services of a subcontractor to help with your construction job, there are tax procedures that you need to have a good understanding of to avoid penalties. In this article, you’ll learn how the Construction Industry Scheme (CIS) works regarding the issue of paying subcontractors. Understanding CIS CIS traces its roots in […] Read More
In July, 2017 HMRC announced that all businesses and individuals will eventually have to file their accounts digitally.
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