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Cycle to work scheme – updated June 2019 to include E-Bikes

19th June 2019 | Written by In Accountancy | Categories : Accounts, Business, Client Focus, HMRC, Limited Companies, Miscellaneous, News, Personal Tax, Tax
Cycle to work scheme – updated June 2019 to include E-Bikes

As cycling continues to grow in popularity with e-bikes leading the way in getting more and more people using pedal power, the government has at last lifted its cap on the value of bikes and associated safety equipment which can be bought through a cycle to work scheme. In the period from 2013-2017 only 4% of people cycled to work, Read the full article…


VAT Fuel Scale Charges

10th June 2019 | Written by In Accountancy | Categories : Budget, Business, HMRC, Limited Companies, Tax, VAT
VAT Fuel Scale Charges

HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019. VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business. Please do get in touch for further advice Read the full article…


Consultation on Extension of IR35 Rules

3rd June 2019 | Written by In Accountancy | Categories : Contractors, HMRC, Tax
Consultation on Extension of IR35 Rules

HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector, a year ahead of its implementation on 6 April 2020. In the guidance, HMRC state that the responsibility to determine whether the off-payroll working rules apply will fall on the organisation receiving the individual’s service. It outlines a four-step process Read the full article…


Cashflow – How to speed up your Cash Conversion Cycle

20th May 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Tax
Cashflow – How to speed up your Cash Conversion Cycle

In the next in our series of articles on how to improve your cashflow we take a look at the cash conversion cycle and actions you might be able to take to shorten it. I think it’s safe to say that we all agree that turning what we do into good, hard cash as quickly and profitably as possible is Read the full article…


Congratulating Kathryn!

16th May 2019 | Written by In Accountancy | Categories : IN Team, Miscellaneous, News, Tax, Team News
Congratulating Kathryn!

Big shout out to Kathryn who was invited to attend a ceremony in the Houses of Parliament last week in celebration of achieving her ATT (Association of Accounting Technicians) qualification. Kathryn has an incredible work ethic, having studied continuously since joining us in 2012 and balancing her work and studies with bringing up two amazing children, not to mention having Read the full article…


Cashflow – Mind Your Margins to Increase your Cashflow

14th May 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Tax
Cashflow – Mind Your Margins to Increase your Cashflow

In the next in our series of articles on how to improve your cashflow we take a look at margins, and how simply understanding them better, and focusing on them more regularly will have a knock on effect on improving your cashflow. Simply monitoring and understanding the margins in your business will ensure you ask better questions about your cashflow Read the full article…


Cash really is King – how to improve your cashflow

3rd May 2019 | Written by In Accountancy | Categories : Accounts, Budget, Business, CASH, Client Focus, Limited Companies, News, Tax
Cash really is King – how to improve your cashflow

We have been working with a number of clients recently around improving their cashflow. I continue to be surprised by the number of businesses out there who focus on growth above all else and forget the rule that Turnover is Vanity, Profit is Sanity, but cash is KING! And it’s such an important area of focus for any business, that Read the full article…


HMRC Wins Disguised Remuneration Avoidance Case

2nd May 2019 | Written by In Accountancy | Categories : Business, HMRC, Tax
HMRC Wins Disguised Remuneration Avoidance Case

HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than salaries, to avoid paying income tax and national insurance contributions Read the full article…


Call for Tax on Social Media Businesses

30th April 2019 | Written by In Accountancy | Categories : Business, HMRC, Tax
Call for Tax on Social Media Businesses

A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People’s Mental Health and Wellbeing recently published a report which outlined the impact of social media on the health of young people. The APPG has suggested creating a Social Media Health Alliance, Read the full article…


Pension rules impact successful small business owners

29th April 2019 | Written by In Accountancy | Categories : Business, HMRC, Pensions and Payroll, Personal Tax, Tax
Pension rules impact successful small business owners

  There has been a great deal in the news recently about pensions, and specifically about how changes to pensions rules are impacting on certain individuals’ ability to save for their retirement. Doctors and other high income employees who have final salary pension schemes and who therefore aren’t in control of the amount being contributed into their pensions have made Read the full article…