Company cars, private medical, overdrawn directors loan account….. If any of these sound familiar and are things provided to your employees, or provided to you by your employer, then you should be preparing a P11D. P11D’s are an annual form that is submitted to HMRC...
What is a Government Gateway account? As a business owner it is important to have visibility over your taxes, whether that is corporation tax, PAYE or VAT. HMRC Online Services provide this overview using a Government Gateway account. We would recommend that all...
Bookkeeping vs accounting, they’re the same thing right? Wrong. They’re linked yes, but they are two different and equally important parts of managing finances. In our opinion, the two can be defined as follows: Bookkeeping The processing and organisation of financial...
Cast your mind back to this time last year, the start of lock down, and you may recall Rishi Sunak announcing that VAT payments due between 20th March 2020 and 30th June 2020 could be deferred. Well the time has come to think about paying those back. Since the country...
Sustainability and climate change are hot topics at the moment (excuse the pun). In our personal lives we are being pushed to think about ways we can reduce our impact on the environment. But why should this be restricted to personal lives only? Here are our top 5...
No, we're not going to tell you how to run your business, but we are going to discuss how financial data can help you make sound business decisions. Do the words Profit & Loss report (P&L), Balance sheet, Budget, Forecast and Key Performance Indicators boggle...