Employees in the business – could they claim expenses against tax?
Employees have limited expenses which can be claimed and they need to be incurred “wholly and exclusively” in the performance […]
Advisory fuel rates
HMRC has published the first quarterly advisory fuel rates for 2023 From 1 March 2023, the rates for electric cars
National Minimum Wage increases from April 2023
The National Living Wage and National Minimum Wage rates change on 1 April 2023. Make sure you update your payroll
Gains and losses from cryptoassets
Did you invest in Bitcoin or other similar “cryptocurrency”? Disposals or exchanges of cryptoassets may give rise to gains that
Redundancies in the business
In these difficult trading times, there comes a time when some staff have to be let go but managing redundancies
Be aware – there are some tax changes from 6 April 2023
Capital Gains Tax If you are sitting on capital profits – in share portfolios for example -you may wish to
Company pension contributions – make sure these are paid in time
A company can make pension contributions for a director. However, timing is key, as it is not possible to accrue
Pay your Self assessment Tax!
Tax payable under self-assessment should have been paid by 31 January.This might be a balance of tax due for the
Would graphs and charts make your figures more understandable?
A characteristic of many people is that pictures convey messages in a more understandable manner than figures.Pages of reports full
Automating processes in accounting
The more manual the process, the greater the likelihood is of error. Whether this is missing items out, transposing numbers,