info@flamingo-accounting.co.uk
020 32 86 58 51  |  023 80 972 434

How to stay on top of your emails

Ever feel overwhelmed by the amount of emails your receive into your inbox?  You spend all day replying to them but at the end of the day you still have more than when you started? That needs to…

Read more

Do you have to pay tax on your redundancy pay?

The simple answer is no, redundancy pay is tax free up to £30,000. This is because it is not considered income but rather compensation for loss of position, therefore not subject to income tax. Anything over the £30k limit…

Read more

How to improve your business cash flow

When inflation rises and businesses are faced with increasing costs, cash flow can become a problem.  There is more going out than coming in – but that cannot carry on forever.  Most businesses that go bust do so…

Read more

Do I have to pay tax on my crypto 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.  Their value has risen, fallen and risen again, but investors…

Read more

Working from home: Pros and Cons

During COVID, working from home became the norm for many of us, but as things got back to normal more and more businesses insisted that their teams return to the office. However, many people like the new way…

Read more

Where can I find my company tax information?

If you do not already have one, you should set up an online HMRC account for your company so that you can see all your tax information in one place. Be aware that your accountant may have already done this…

Read more

Do you need to charge VAT on recharged expenses?

Clients often ask us if they need to charge VAT on the expenses that they recharge onto their own customers. The simple answer is yes, you charge VAT if you benefit from the expense, and no, you don’t charge if…

Read more

Information to keep for your personal tax return

The 2023/24 tax year ended on 5th April 2024, 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 information you need…

Read more

What is a P11D and do you need to file one?

What is a P11D? The P11D form is a statutory form required to be filed with HMRC by those businesses that provide benefits to their employees that do not go through the PAYE system. You will also need…

Read more

Do you need to file a personal tax return for 2024?

The 2023/24 personal tax year ended on 5th April and we are now in the 2024/25 tax year. Every year we are asked the same thing – ‘Do I need to fill in a personal tax return?’.  Here…

Read more