complete financial know how

The AV Blog

Changes to Employment allowance

From April 2020 there will be  restrictions on who can claim Employment Allowance. This will be limited to employers who had a secondary Class 1 NIC liability below £100,000 in the previous tax year; if you exceeded this you are no longer eligible. This means that the impending changes will exclude around 100,000 employers from […]

Share Now:
Read More →

A local property entrepreneur, Sarah Poynton-Ryan has an inspiring story to tell!

We will be hosting Sarah on Wednesday 15th January 2020, 5:45-7:00pm where she will provide an overview of her property journey. Our Head of Tax, Delyth Barnett, will also be providing a short property-tax update. Sarah is a local businesswoman from Milton Keynes who discovered the “property world” in 2014. Sarah has achieved success through […]

Share Now:
Read More →

My mate says my Limited company can pay into my pension…

Your friend is correct, your Limited company can pay into your pension scheme as an employer contribution. How much should I pay? Unlike personal pension contributions, employer pension contributions are unrestricted, however there are limitations for the tax relief. Corporation Tax relief: The contributions from your Limited company can be a tax-deductible expense so you […]

Share Now:
Read More →

Ad Valorem Translate – Accounting Terms for Business Owners

You’re an expert in your chosen area of work and your efforts are devoted to making your business work! This may mean that you do not have spare time to research and understand the many accounting/tax terms which are commonly used by accountants and other import elements of running a business. It’s almost like learning […]

Share Now:
Read More →

R&D Statistics; what they mean for SME’s

HMRC have recently released an R&D statistics report, outlining the recent figures for claims. R&D has become a real asset to eligible companies since its introduction in 2001. Over 300,000 claims have been made with a value of around £30bn in total. The figures for this year are not yet fully complete however the figures […]

Share Now:
Read More →

Reaching New Heights

We are very excited to be sharing our recent press release which will be in local media in the coming month. This follows our recent office move, success at the British Accountancy Awards and acquisition of Taylor Roberts: From winning national awards, to doubling their office capacity, to their recent acquisition, it would be fair […]

Share Now:
Read More →

“My mate says I can claim for my club membership…

…as I can use their meeting rooms for my business meetings”       Be mindful when choosing a club to hold your meetings. Think how likely it is that HMRC will believe that your membership is for business purposes only. They assess the likelihood that you chose the club for your own personal benefit. […]

Share Now:
Read More →

How to make your business BREXIT-Ready.

The government has stated that the UK will be leaving the EU on the 31st October regardless of whether a deal is agreed or not. Changes to how UK businesses trade with the EU will automatically come into effect, which could impact your business. The changes to UK business processes are as follows:  Like other […]

Share Now:
Read More →

“My mate says…

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 […]

Share Now:
Read More →