Do I have to pay tax on my bitcoin gains?
Do I have to pay tax on my bitcoin gains? Cryptocurrencies, particularly Bitcoin, have been in the press a great deal lately as their value soared throughout 2017. Experts are divided over whether this is a successful long-term…
What are all the different tax reliefs?
What are all the different tax reliefs? We are often asked about what all the different tax reliefs are and what can be claimed and what can’t be claimed. Below is our brief overview of some of what’s…
Top 10 Bookkeeping mistakes and how to avoid them
Here are our Top 10 Bookkeeping mistakes and how to avoid them Letting it all build up This seems obvious, but some people still leave everything to the last minute. We know you didn’t go into business to…
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…
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…
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…
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…
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…
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…
Is the Christmas party tax allowable?
Whether we like it or not, Christmas is rapidly approaching and many of us will have already booked our annual party to celebrate. But what are the costs to your business and what is tax allowable for your…