The Lodestar Blog
Tax tips, business news, Lodestar expert insight
Super Deduction, Are You Making Use Of It?
For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. But what does that mean? During this period, for every £1 that a company spends on qualifying assets,...
Selling On Ebay? Make Bookkeeping Simpler With Linkmybooks
Ebay is a great marketplace for selling your products, but do you find it difficult to account for the income, fees and VAT? You’re not alone. Fear not, there is a solution available to streamline the process, save time and ensure your income/costs/VAT are accounted...
Electric Cars, Should I Get One Through My Business?
At the end of May 2021 there were 260,000 electric cars on the UK roads with 1 in 4 UK households intending to buy electric in the next 5 years. With a greater range of electric cars on the market and prices coming down, you may be considering going electric and...
More Changes To The Furlough Scheme
Hands up, be honest, how many of you had heard of the word furlough before March 2020? Neither had we! Furlough changes from July onwards: If you are an employer with employees on furlough then take note, more changes are coming over the next few months. Employees...
3 Top Tips To Get Paid Faster By Your Customers
One of the biggest problems for small businesses is getting paid on time by their customers. Since Covid, this problem only seems to be getting worse as companies are less willing to part with their cash. Here are our 3 top tips to get paid faster: 1. Send out...
Trivial Benefits – A Tax Free Gift
Our recent blog talked about P11d’s and reporting for benefits provided to employees by their employer. Here we discuss trivial benefits, which are outside the scope of the P11D and can be provided to employees tax free (yes, tax free!). To be a trivial benefit, the...