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Small Business Advice

HMRC Countdown: File Your Tax Return

6th November 2019 | Written by In Accountancy | Categories : Client News, Pensions and Payroll, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
HMRC Countdown: File Your Tax Return

With less than 100 days until the self assessment tax return deadline of 31 January 2020, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the last minute rush. HMRC report that last year more
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Annual Investment Allowance – why you need to plan ahead

5th November 2019 | Written by In Accountancy | Categories : Limited Companies, Small Business Advice, Tax Advice
Tagged in: Business advice, Tax,
Annual Investment Allowance – why you need to plan ahead

Annual Investment Allowance – what is it and why does it matter? The Annual Investment Allowance (AIA)  is a 100 per cent upfront allowance that applies to qualifying expenditure up to the specified annual limit. The AIA is available for
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Tax Planning – What you should do if you run a profitable business, and when…

4th November 2019 | Written by In Accountancy | Categories : Limited Companies, Small Business Advice, Sole Traders, Tax Advice
Tagged in: Tax,
Tax Planning – What you should do if you run a profitable business, and when…

If you are running your own business holding a pre-year-end tax planning meeting with your tax advisors should be high onyour to do list. Here’s why…


VAT Domestic Reverse Charge For Building And Construction Services Delayed

24th October 2019 | Written by In Accountancy | Categories : Client News, Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: CIS, supplier, VAT,
VAT Domestic Reverse Charge For Building And Construction Services Delayed

HMRC has announced a one-year delay to the introduction of the VAT domestic reverse charge for building and construction services. The reverse charge represents part of a government clamp-down on VAT fraud. According to the government, large amounts of VAT
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What is Turnover in relation to UK businesses?

15th October 2019 | Written by In Accountancy | Categories : Limited Companies, Small Business Advice
Tagged in: Turnover,
What is Turnover in relation to UK businesses?

What is Turnover? Turnover is a great indicator of business or sales performance, in fact it’s probably the most simple business metric there is. Turnover is not, however, an indicator of the health of your business though – read on
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Inheritance Tax and Gifting Made Simple

13th October 2019 | Written by In Accountancy | Categories : News, Small Business Advice, Tax Advice
Inheritance Tax and Gifting Made Simple

How to ensure your children pay less inheritance tax, and don’t get caught out by your financial gifts. Inheritance tax is an area we are frequently asked about. It seems to be the last area which business owners and individuals
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‘Major Gaps’ In No-Deal Brexit Guidance

11th October 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Small Business Advice
Tagged in: Brexit, Government, UK,
‘Major Gaps’ In No-Deal Brexit Guidance

According to the British Chambers of Commerce (BCC) there are ‘major gaps’ in the government’s no-deal Brexit guidance for UK businesses. The BCC carried out a review of official government no-deal Brexit guidance for businesses, and found that 31 of
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IN Accountancy reaches YouTube Landmark

24th September 2019 | Written by In Accountancy | Categories : Small Business Advice
IN Accountancy reaches YouTube Landmark

Today I logged on to our YouTube channel to answer a question posed in relation to our video on how to complete your tax return and noticed that we have reached a small landmark, having now a grand total of
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HMRC Issues Customs EORI Numbers

13th September 2019 | Written by In Accountancy | Categories : Client News, News, Small Business Advice
Tagged in: Brexit, HMRC, trade,
HMRC Issues Customs EORI Numbers

In order to try and ensure that businesses are ready to trade post-Brexit, HMRC is automatically enrolling them in the customs system. HMRC has confirmed that more than 88,000 VAT-registered businesses across the UK will be allocated an Economic Operator
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Digital Services Tax

8th September 2019 | Written by In Accountancy | Categories : Client News, Personal Tax, Small Business Advice, Tax Advice
Tagged in: Government, Tax,
Digital Services Tax

From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users. However, this only applies when the group’s worldwide revenues from these
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Working Parents May Be Eligible For Tax-Free Childcare This Summer

23rd August 2019 | Written by In Accountancy | Categories : Client News, Small Business Advice, Tax Advice
Working Parents May Be Eligible For Tax-Free Childcare This Summer

The government is reminding working parents that they could ease this summer’s childcare costs by using Tax-Free Childcare (TFC). The scheme is worth up to £2,000 a year for each child and allows parents to save regularly for childcare costs.
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How to improve cash flow in a small business: Cash really is King!

23rd August 2019 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Small Business Advice, Tax Advice
How to improve cash flow in a small business: Cash really is King!

How to improve cash flow in a small business? This is a question we are often asked by clients and contacts alike. I continue to be surprised by the number of businesses out there who focus on top line sales
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