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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…

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IR35: Are you employed or self-employed?

Are you employed or self-employed? And why does it even matter? Why should I be concerned about IR35? You should be concerned about IR35 because if HMRC take a different view to you on whether you are employed…

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Does your business need a music licence?

Many people do not realise that even though they are not in the music or performance industries they still require a music licence for their business. The Performing Rights Society (PRS) ensures that writers, performers and producers of…

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Working from home: Pros and cons

As the world begins to return to normal after nearly two years of lockdown, many businesses are faced with the choice of having staff return to the office and factory floor or to continue from working from home,…

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Inflation proof your business

The rising rates of inflation have been in the news a lot lately.  You can read our blog here on exactly what inflation is and whether it’s good or bad for you, but this blog deals with how…

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Top Ten tips for staying cool at work

The sun is shining, the beer gardens are full and public transport is even more unbearable than usual. British summertime is finally here! Here are our top ten tips on how to stay cool in the work place,…

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We are a Silver Partner with Xero!

We make no secret that we love Xero here at Flamingo Accounting! And we are also happy to continue as a Silver Partner with them. Our team of Certified Xero Advisers have been using and implementing this software for years and believe…

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Top Ten Things to consider when choosing a new accountant

Whenever potential new clients approach us, it is often because they are not happy with their existing accountant, or because they are a new business and don’t know how to select an appropriate one that will suit them…

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Do I have to pay tax on my cryptocurrency gains?

Do I have to pay tax on my cryptocurrency gains? Cryptocurrency, particularly Bitcoin, have risen in prominence over the last few years – with companies like Telsa accepting them as payment and countries like China banning them outright. …

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Don’t be caught out by payments on account for personal tax – know what you need to pay!

What are payments on account?  And who has to make them? So many business owners get caught out by payments on account, particularly in their first year of trading. When you become self employed, most of, if not…

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