Have you adjusted your prices for inflation?
Much has been made over the past year about rising levels on inflation and the impact that has had on the cost of living for both families and businesses. The Bank of England has a target rate of…
What is inflation? How does it work? Is it good or bad for business?
Inflation has reached record highs recently and has been often mentioned in the news. We are often asked about exactly what it is and the affect it has, so here is our brief guide to the essentials you…
HMRC to receive more information from online selling platforms
It has been announced that HMRC will be receiving more information from online selling platforms such as eBay, Vinted and AirBnB to ensure that people are paying the correct amount of tax. HMRC has always been allowed to…
What’s the difference between mark up and margin?
When pricing your services and products it is important that you do so in order to make a profit. Most businesses will look at either mark up or margin to come up with their prices but not everyone…
We are Certified Xero Advisors!
Once again, we have re-certified as Xero Advisors! Having first taken the course and passed the tests over a decade ago and continued to do so ever since, we have once again re-certified as Xero approved official Advisors.…
Is there VAT on public transport?
We are often asked by clients what VAT is applied to public transport, and what they can claim back on their VAT returns as input VAT. The short answer is, usually nothing. Trains and buses Trains and public…
Autumn Statement 2023
Today the Chancellor of the Exchequer, Jeremy Hunt, presented his Autumn statement. Below we break down the keep points and how they will affect you and your business. National Insurance and wages Economy and growth Business tax and…
Business gifts for Christmas
Are you thinking of giving a business gift for Christmas? If so, make sure you know the tax implications before it ends up costing you more than you originally thought. Christmas is not that far away and you…
HMRC adds over 3,000 new compliance staff
In a bid to reduce fraud and error, HMRC have employed over 3,000 new staff in it’s compliance department since the end of the 21/22 year, an increase of 12% in just one year. A report by the…
Is the Christmas party tax allowable?
It may only be October, but many of us will have already booked our work Christmas parties and functions to celebrate. But what are the costs to your business of the Christmas party and what is tax allowable…