I can claim for the business suits I wear solely for my business meetings…” HMRC defines an allowable expense as wholly and exclusively for business purposes. You cannot claim for everyday clothing such as suits (even if you wear it for work). HMRC have won cases on the basis that the workwear could have been […]

…I can claim for my new flat screen TV, my TV licence and fridge to store my lunch in as I work from home…” The Fridge: Keeping your lunch in the fridge at home won’t fall under the wholly and exclusively for business purposes guidelines, as there is a strong likelihood that the rest of […]

We are proud to announce that we will be at the British Accountancy awards tonight. We have been shortlisted for four awards. Firstly, we have our nominations as a firm: Best Employer: Our team make us what we are. We pride ourselves in looking after each other to create a positive atmosphere at work, so […]

Do you have a rental property? Are you thinking of selling? Did you know changes to Private Residence Relief (PPR) and Lettings Relief are being brought in by HMRC from 6th April 2020? When you sell a property for a profit you could be liable for Capital Gains Tax on any gains made at 18/28%, […]

In the SME market cash flow and payments from customers are the most important elements of business. Although it’s almost an afterthought for most business owners. With the adoption of cloud accounting and implementation of Making Tax Digital, the problem has never been clearer to see. Debtors are now live figures on a dashboard, as […]

Purchase invoice capture – a fundamental of the cloud accounting journey! Being on the cloud to ensure MTD compliance is a good starting point, but now this change has happened, we should take advantage of the positives of using online book-keeping systems. Invoice capture is as simple as it sounds, when you receive a receipt […]

From 1st April 2019, the National Living Wage and the National Minimum Wage rates are increasing. The National Minimum Wage is the minimum pay per hour all workers under the age of 25 are entitled to by law. Workers must be at least the school leaving age which is 16 years old to get the […]

How important is training to you? In any aspect of life… Training in general, improves the effectiveness and skilfulness of making your business successful! If you’ve been utilising Xero, you might have encountered a few moments where you think “this piece of software, is actually quite fun.” It’s ok to confess, as we agree too. […]

Settle your tax affairs before loan charges come into effect in April 2019! If you have used disguised remuneration tax avoidance schemes involving the use of loans, you will need to be aware that from 6 April 2019 new legislation comes into effect meaning that all loans outstanding at 5 April are swept up and […]

It’s that time of year where we all come together and support awareness and advocacy against social stigma. A day to reflect on the lives of people who suffer from mental illness. Accountancy environments can be extremely stressful, especially working to strict deadlines, long hours and having continuous client demand. However, as a firm, we […]