Blog
Including COVID-19 Financial Support on your Company Tax Return
If your business received financial support during the pandemic, then be sure to include it in your next corporation tax return. These grants and support schemes were a lifeline for struggling businesses during the height of the COVID-19 crisis and as a result many...
Super Deduction
Is it a bird, is it a plane, no it’s super deduction!
In case you missed this when it was first announced as part of last year’s budget, there is still one year remaining of super-deduction, whereby companies can claim 130% of the cost of their capital expenditure investment when purchasing qualifying plant and machinery.
Making Tax Digital (MTD) for VAT and the New Penalty System
As of 1 April 2022, all VAT registered businesses are required to maintain and submit their company accounts using software which is compliant with the Making Tax Digital (MTD) Scheme. Since the role out of MTD in 2019, it was only businesses that exceeded the VAT...
Do I need an Accountant for a Limited Company?
As a Limited Company, are you legally required to use an accountant? If not, what are the key benefits to using an accountant for business. Explore the ways in which an accountant could support your Limited Company in this blog.
Plastic Packaging Tax – What Businesses Need to Know
The Plastic Packaging Tax (PPT) is due to be introduced from 1 April 2022 and numerous parties will be affected by the change, including plastic manufacturers, those in supply chains, sellers and even consumers. It is hoped that the introduction of this new tax will...
How to Secure a Small Business Loan
Whether you have big plans for expansion, are looking to invest in new premises or need new machinery, a small business loan is a practical way of getting a quick injection of cash for your business. We have gathered some simple tips to help prepare you for a...
January 2022 – Post-Brexit Customs Controls now in Operation
Following the end of the Brexit transition period, new customs controls are now in place for businesses moving goods to or from the UK. The new controls took effect on 1 January 2022 and HMRC wrote to traders at the end of last year to remind them of the new rules...
Tax-Free Childcare – Am I eligible as a company director?
If you have a family and associated childcare costs, could you be missing out on thousands of pounds in tax relief each year? Childcare is not generally an allowable business expense, but if you draw a salary as an employee of your own company (including directors),...
Statutory Sick Pay Rebate scheme (SSPRS)
SEPT 2022 UPDATE: The SSPRS closed for coronavirus related absences after 17 March 2022. Employers had up to 24 March 2022 to submit any final claims. In response to the Omicron COVID-19 variant and the difficulties faced by businesses as a result of increased...
Bookkeeping Tips for Small Businesses
Accurate bookkeeping is the foundation of business accounting. Without it, how can you track your cashflow, stay on top of your taxes or understand what finance you need to sustain and grow your business. Consider the impact that poor bookkeeping might have in the...
Should you transfer Buy-To-Let properties to a Limited company?
This isn’t an easy question to answer because it is so dependent on your circumstances. But there are scenarios when it might make sense, and this is what we have explored below. The Benefits of using a Limited Company
Payment Diversion Fraud – Look Out!
Over the last couple of years, cases of payment diversion fraud have been on the rise. In part due to the pandemic and increased remote working, organisations and individuals have become more susceptible to this type of fraud. So, what do you need to know about...
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