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mini budget

Overview Of The Mini Budget

On Friday 23rd September, Chancellor Kwasi Kwarteng MP, shared the Conservative Government’s mini budget plans in the House of Commons, stating: People need to know help is coming and...
CBW BLOG - employment allowance

Claiming Employment Allowance

Employment allowance is used to reduce an employer’s NIC liability. You can only claim against your employers’ Class 1 National Insurance liability up to a maximum of £5,000...
CBW blog - NIC changes for self-employed

NIC changes for self-employed

In the 2022 Spring Statement, a significant increase in the National Insurance Threshold from £9,880 to £12,570 was announced. This increase saw the alignment of the Primary Threshold...
CBW BLOG - credit control

What is Credit control?

What is credit control and the importance of getting paid on time. Credit control is an important part of all businesses in order to avoid cash flow problems...
CBW BLOG - making tax digital

Making Tax Digital for Business

If you are a sole trader or property landlord change is on the way. Making Tax Digital (MTD) will become mandatory for not only VAT-registered businesses but sole...
CBW BLOG - paper bank notes

45 days Left To Use Paper Bank Notes

The Bank of England will be withdrawing legal tender status of £20 and £50 paper bank notes after 30th September 2022. After this date, £20 and £50 paper...
CBW BLOG - self-employed business records

Self-Employed Business Records

If you are a sole trader or partner in a business partnership, then you must keep self-employed business records. These business records will include your business income and...
new grant opportunities for farmers

New Grant Opportunities For Farmers

New grant opportunities have been announced by the Government. The new grants will help farmers boost their businesses and add extra value to their produce. The ‘Adding Value’...
CBW BLOG - register for PAYE

When should you register for PAYE?

As a new business, there are a number of rules you must follow when you start to employ staff. When to register for PAYE is a question we...
CBW BLOG - electric cars

Electric Cars – Any Tax Benefits?

There are many reasons to encourage the use of electric cars such as lower running costs, environmental advantages and reduced noise pollution. There are also tax benefits. The benefit-in-kind...
CBW BLOG - VAT rates and exemptions

Different VAT rates and Exemptions

When you issue an invoice to your customer, you must ensure that you charge the correct rate of VAT. Whilst most businesses in the UK charge VAT at...
commute to work

The Commute to work

The general rule applies that there is no tax relief for the ordinary commute to work. The term ‘ordinary commuting’ is defined as the travel between a permanent...
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