Making the UK tax system effective, efficient and easier MTD – Making Tax Difficult, sorry, I mean Digital, is the HMRC initiative designed to make sure that the UK tax system is effective, efficient and easier for tax payers – or perhaps the Revenue! This initiative set out the vision to end the tax return […]
Refreshed and ready to go, we pull back onto the road but this time in a new vehicle, a car that is privately owned. Any business miles can be claimed at 45 pence per mile for the first 10, 000 miles and 25 pence per mile thereafter. Why two rates, well HMRC say that the […]
Over a series of articles we’re going to take a look at the whole area of companies and cars. From basic questions of whether to purchase a car through the company or privately, how to account for the expenses and what to do about VAT. It is a particularly long and winding road that needs […]
…that is the question! And one that I am currently being asked quite regularly by owners of small businesses. Now, there are some very simple rules that need to be followed to ensure that any dividend declared is not done so illegally which could therefore result in an “overdrawn” Directors Loan Account and attract the […]
So, with the deadline of the 31st January out of the way for self assessment returns, life in the accounting world changes from full steam ahead to calm sailing in warm tropical waters. We all breath a deep sigh of relief and enjoy cocktails on the deck while waiting for the next whirlwind of activity […]
Christmas is that one month of the year when payroll can come around early. Most of your employees will love this until they realise that January is a very long month!! But for employers there is that additional issue now to grapple with – how to handle an earlier pay date under RTI. Simples… Stick […]
Welcome to our new website….this is the first blog post and we look forward to filling this blog section with lots of informative information relative to the financial success of your business.