The world of business travel and entertainment can be a bit of a minefield when it comes to tax. What can you claim? What can your employees claim? And what will land you with a hefty tax bill? Let's break down the key differences in how the UK tax system treats...
With the tax return filing deadline just around the corner (31st January if you weren’t sure!), here are 3 things you might not know about self assessment tax returns. High Income Child Benefit Charge If you receive child benefit and your individual income is over...
Have you ever thought: “I won’t need to do bookkeeping if I’m using cloud bookkeeping software as it does it all for me?” Well, as much as cloud bookkeeping software, like Xero, make the bookkeeping easier, there is still some human interaction required. This can be...
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,...
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...
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...