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Cash is King! What’s the difference between cash and profit?

Most companies go out of business through lack of cash, not from lack of profits. But many business owners don’t know the difference between the two and that can be a costly mistake. The phrase ‘cash is king’…

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Autumn Budget 2017 Update

How will yesterday’s Autumn Budget affect you and your business? Well there wasn’t a great deal to get excited about in either a good or bad way, and with Brexit looming any predictions or forecasts are far from…

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What does my tax code mean?

What exactly do all the numbers and letters in my tax code mean?  And what do I do if I think it’s wrong? HMRC generate your tax code based on the information that they hold on you, and…

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What’s the difference between tax evasion and tax avoidance?

What’s the difference between tax evasion and tax avoidance? Celebrities, sports stars and politicians alike have been in the news in recent weeks, hitting the headlines for their tax avoidance in the Paradise Papers. But they haven’t done…

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The Real Cost of Christmas

Thinking of giving a gift for Christmas? It’s almost that time of year again when we hang the lights and decorate the tree, and you might be considering giving a Christmas gift to your team or customers, or…

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Why you shouldn’t wait until the last minute to file your tax return

Self-assessment personal tax returns for the 16/17 tax year are due for filing, along with any payment due, by 31st January 2018 at the latest.  But why would anyone leave it that late to file it? You can…

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What are the different VAT rates and what do they mean?

What are the different VAT rates and what do they mean? We are often asked what all the different VAT rates are and what they mean. Zero-rated is the same as Exempt, right?  Wrong.  Read our guide below…

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