Information to keep for your tax return
The 2018/19 tax year ended a few weeks ago on 5th April, for which many of us will need to produce and file a personal tax return . To make things easier, here is our list of the…
How cold can it get before I can leave work?
With winter now in full swing and the accompanying cold weather with it, we have seen many people ask “how cold can my office get before I can go home?” Firstly, there is no specific law that outlines…
The weirdest excuses for missing the personal tax deadline and the most dubious expense claims
With just a week to go before the deadline for filing self assessment personal tax returns for 2017/18 on 31st January, HMRC has released its list of the weirdest excuses given to them for missing the cut off.…
Pension contributions change from April 2019
Auto enrolment pension contribution rates will rise from April 2019. Currently, the minimum pension contributions to an auto enrolment pension scheme is 5% of qualifying earnings, with at least 2% of that coming from the employer. From 6th…
Small businesses are owed an average of £25k in late payments
New data released by Xero has shown that the average small business in the UK is owed £24,841 in overdue payments on any given day, and 78% of the businesses were owed money outside the agreed payment terms.…
How can I improve my business cash flow?
Many businesses, particularly in the early years, struggle with cash flow – there is more going out than coming in – but this cannot carry on forever. Most businesses that go bust do so because of lack of…
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 to make sure you understand the difference between all the rates…
We are Certified Xero Advisors!
Once again, we have been made Certified Xero Advisors! Having first passed the tests over seven years ago and continued to so ever since, we have once again re-certified as Xero approved official Advisors. This means we are…
Do I have to pay tax on my cryptocurrency gains?
Do I have to pay tax on my cryptocurrency gains? Cryptocurrency, particularly Bitcoin, saw their values soar throughout 2017, even if they did come back down to ground throughout 2018. Experts are divided over whether this is a…
How much will that Christmas gift really cost?
Thinking of giving a business 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 or treat to your team…