Blogs: Helpful Accounting Advice

VAT Domestic Reverse Charge

VAT Domestic Reverse Charge

The new VAT Domestic Reverse Charge (DRC) for construction services comes into force on 1 October 2020.  This will necessitate changes in ac…

Cycle to Work Tax Free

Cycle to Work Tax Free

The tax saving Cycle to Work scheme was introduced over 20 years ago but it is still pedalling!  Maybe ... just maybe it will get a new lease of …

Why the 6 April?

Why the 6 April?

Ever wondered why the UK income tax year starts on the 6 April ?   Well wonder no more and read on!   Many countries choose to start the…

COVID-19 Financial Support - Updated

COVID-19 Financial Support - Updated

The word "unprecedented" has perhaps been heard more times in the past week than in many a year.  Often such use of vocabulary is …

COVID-19 Business Support

COVID-19 Business Support

The political and taxation landscape is moving fast at the present time as the Government responds to the unfolding nature of the public health crisis…

Cash is King

Cash is King

It is an old saying ... but it remains true. Positive cashflow is critical to sustaining and growing a business enabling investment in new p…

Capital Gains Tax Changes on 6 April 2020 Part 2

Capital Gains Tax Changes on 6 April 2020 Part 2

This is the second article explaining the changes to Capital Gains Taxes on the sale of residential property that take effect on 6 April 2020. T…

Electric Car Tax Changes

Electric Car Tax Changes

Ever dreamed about driving a Tesla?  Well maybe the tax system can make that a reality in 2020. Company cars provided to employees wer…

4 Vat Returns And A Lot Of Learning

4 Vat Returns And A Lot Of Learning

The 2 January 2019 was a day that I had long thought and even dreamed about. This was my first day of self-employment. My own business was born. …

Don't let the taxman spoil the office Christmas Party

Don't let the taxman spoil the office Christmas Party

Benefit in kind and entertaining tax rules can often get in the way of people having a great time but one exemption allows an …

What's New in Xero?

What's New in Xero?

Xerocon London 2019  This is the name of the annual conference for some 4,000 Xero Partners and once again it lived up to its rep…

Capital Gains Tax Changes on 6 April 2020 Part 1

Capital Gains Tax Changes on 6 April 2020 Part 1

When you sell an asset for more than you paid for it, generally speaking, you are liable to Capital Gains Tax (CGT) on the profit achieved.  …

Crowdfunding

Crowdfunding

Crowdfunding is the practice of funding a project or a venture by raising small amounts of money from a large number of people.  It is relat…

Business Banking

Business Banking

The new EU wide Open Banking reforms are scheduled to take effect from 14 September 2019.    This is especially significant for users …

Salary or Dividends?

Salary or Dividends?

There are a number of benefits, and yes some costs too, arising from incorporating your business.  Arguably the great advantage of owning a limit…

VAT Schemes - One Size Doesn’t Fit All

VAT Schemes - One Size Doesn’t Fit All

“Why have a dog and bark yourself”, so the old saying goes.  HMRC certainly apply this thinking by requiring 2.7m businesses to colle…