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The AV Blog

Trivial Benefits; A Quick Guide

If you’re an employer and you provide benefits to your employees, these are usually subject to tax and National Insurance. HMRC introduced a new exemption for “trivial benefits”. This means that small gifts to employees and entertainment provided to employees are now exempt for tax and NI. What is a Trivial Benefit? A trivial benefit […]

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Does your business qualify for R&D tax credits?

R&D (Research & Development) is a tax relief scheme which was introduced by the Government in 2000 to help and reward innovative businesses thus allowing them to progress. What is R&D? R&D takes all allowable expenditure incurred during the R&D project and allows you to gross it up by 130% meaning you can effectively deduct […]

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MTD | we’re here to support you!

It’s nearly the start of MTD! On 1 April 2019, businesses that are VAT registered and over the £85,000 threshold will need to file VAT Returns using MTD compatible software. We do appreciate that this is a BIG change for some VAT registered businesses, but we are well underway in helping your business through these […]

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Useful tips for the tax year end!

As the 2018/2019 tax year end approaches, have you thought about doing some last-minute tax planning that could save you money? Here are a few simple tips to help with your tax planning: Dividends If you haven’t already, pay yourself dividends to use up the dividend allowance. Companies with adequate retained profits should contemplate paying […]

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When will Making Tax Digital (MTD) affect your businesses VAT filing?

Here’s a great way to check when your business will be affected for Making Tax Digital for VAT. From 1st April 2019, VAT registered businesses with a turnover above the VAT threshold of £85,000 must follow the MTD rules for VAT. This signifies the following: Keeping digital VAT records Using MTD compatible software to submit […]

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UK Payslips: Changes to the Law in April 2019

On 6th April 2019, new legislation comes into effect which requires all workers to be given itemised payslips. It was noticed by UK Government that some employers had been either inadvertently or deliberately, flouting UK Employment Law and denying some employees their rights to minimum pay. For zero or low hour contracts, many companies were […]

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Business Strategy Spring Clean Event

Were you aiming to grow your business in 2019, but not making enough progress? Are you struggling with strategic business decisions, e.g. hiring a new person, or takingon new premises? Are you too involved in delivering the products or services in your business, but struggling to escape? If so, then you might find our forthcoming […]

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Making Tax Digital for eCommerce – are you ready?

With little over one month until Making Tax Digital transforms the lives of eCommerce retailers, we spoke to multi-channel eCommerce software expert Expandly about what Making Tax Digital means for online sellers and why it might be the push that eCommerce business owners need. What is MTD? Making Tax Digital (also known as MTD) is […]

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The importance of keeping your books & records in real-time

With the ever-enhancing pressure on businesses to be more competitive within the market, the capability to know how you’re performing is more essential than ever. This is where real-time accounting comes into force to an even larger extent. Historically, it was common to only bookkeep quarterly for VAT or annually for year-end accounts, however only […]

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