Accounting Insights

As your bookkeeper, it’s essential to understand which expenses are tax allowable, as these can significantly reduce your taxable profit. General Rules for Allowable Expenses You can claim...

As a bookkeeper, it’s important to help clients navigate the self-assessment tax system effectively. Self-assessment taxpayers typically pay their income tax liabilities in three instalments each year. Here’s...

The government is exploring the introduction of a new VAT relief aimed at incentivising businesses to donate everyday items to charities without incurring VAT liabilities. This proposed relief...

HMRC (Her Majesty’s Revenue and Customs) has recently updated its guidance to assist taxpayers in verifying the authenticity of communications claiming to be from HMRC. This initiative aims...

Companies House has recently announced the implementation of new powers aimed at enhancing the accuracy and integrity of company names registered in the UK. These measures are part...

Understanding the off payroll working rules, also known as IR35, is crucial for individuals and businesses involved in providing services through intermediaries like personal service companies (PSCs). These...

Understanding your tax code is essential for ensuring you’re receiving the right tax allowances and deductions. The letters in your tax code signify your entitlement to the annual...

Ensuring Your Business is Protected. In the realm of small business operations, efficiency and accuracy are paramount. Yet, amidst the myriad responsibilities that come with managing a small...

The VAT Flat Rate scheme is available to VAT registered businesses expecting their taxable turnover in the next 12 months to be £150,000 or less, excluding VAT. This...

Choosing What’s Best for Your Business The efficient management of payroll is a critical aspect of any business, influencing both employee satisfaction and compliance. As companies navigate the...

The holiday season is a time of joy, celebration, and, for many, a time of financial planning. Employers, recognising the significance of the festive period, often consider innovative...

Dividends received are subject to taxation as income, although the applied tax rates differ from the formal Income Tax rates. Additionally, individuals can receive dividends up to the...