Claiming VAT on the 45p mileage allowance fuel element
It can be done; we get asked a lot about the VAT on mileage claims when the LTD company is VAT registered when either you or your employees are claiming the HMRC mileage allowance. Which can be found here If you’re company is VAT registered and not using the flat rate scheme, you can claim […]
UK Corporation Tax in 2023: Understanding the Increase
Introduction: The year 2023 brings about significant changes in the realm of UK corporate taxation. Businesses across the nation are bracing themselves for the increase in corporation tax rates. In this blog post, we will delve into the details of this development, its potential impact on businesses, and explore strategies to navigate the evolving tax […]
Benefits Of Having A Great Accountant
Having a great accountant can provide numerous benefits to individuals and businesses. Here are some key advantages: 1. Accurate Financial Records A skilled accountant ensures that your financial records are maintained accurately and up to date. They handle tasks such as bookkeeping, tracking income and expenses, and reconciling accounts. This accuracy is crucial for making […]
What’s the hoo ha around MTD
MTD simply means Making Tax Digital and it’s a government initiative to improve tax administration. It’s moving us all towards an all singing and dancing digital tax service. Unfortunately, even if you’re not tech savvy you have no choice but to join the scheme. It will drag you into the digital 21st century kicking and […]
Self-Assessment Tax Returns – The Simple Guide
One of the questions we are asked on a weekly basis in Facebook Groups, messages, our other social media platforms, telephone calls and even people calling into our new, prominent offices on Bolton Road, Atherton (call in and say hello!) centres around Self-Assessment Tax Returns. There’s lots of confusion with Self-Assessment, so to put some […]
Do you get what you pay for?
If you’re setting up a small business, you may be wondering do I need and accountant? How much will they charge? Well, our pricing structure is transparent. There’ll be no surprise bills in fact that would be really silly of us as we’re trying to help you budget. Our quoted fees are agreed up front […]
The 5 BEST Accountants in Atherton
How do I determine the best accountant for my business? If you’re in the market for an accountant and looking for a company that will release you from the time you spend on the books and chasing round for things, especially HMRC, you’re probably looking for the perfect fit and long term. As an accountancy […]
Stop! – we want to get off this merry go round!
In a matter of weeks, we’ve had two new Chancellors and yet another about turn – this time around Corporation Tax, so after publishing on our pages about the mini-budget our new Prime Minister with her 2nd Chancellor to date did an about turn around Corporation Tax which she initially promised would not increase from […]
IR35 changes
IR35 legislation was first introduced in April 2000. The rules were implemented to ensure that workers, who would have been an employee if they were providing their services directly to the client, paid broadly the same Income Tax and National Insurance contributions as employees. At the time, it was welcomed by many an employed […]
Is it a bird, is it a plane, no, its Super Deductions Tax!
With the rising cost of living, any money saving news is welcome. Guess what? … We have some! Back in April 2021 we shared information regarding super tax deductions. Basically, it’s a way of getting 25p in the pound back on certain purchases. Since the Covid-19 pandemic, existing levels of business investment have fallen, with […]
