by Gary Woosey | May 25, 2021 | Uncategorized
If you manage a business and record its expenses and revenue, you need to find a recording system that suits you. While cash basis accounting has its benefits, accrual accounting can be a more powerful tool for operating your business. So what is the difference? This...
by Gary Woosey | May 17, 2021 | Tax
Taxpayers are being urged to set up personal accounts to monitor their affairs. The Association of Taxation Technicians (ATT) is encouraging taxpayers to set up a Personal Tax Account (PTA). The call is after HM Revenue & Customs (HMRC), renewed their commitment...
by Gary Woosey | May 11, 2021 | Covid-19, Tax
It was confirmed this April that employees can continue to claim tax relief on work from home costs not reimbursed by employers, but only if they make a new claim for the 2021/22 tax year. Here’s what you and your staff need to know. What is the work from home tax...
by Gary Woosey | May 11, 2021 | Tax
In the 2021 Spring Budget, the Government announced a new penalty and interest regime to replace the VAT default surcharge. From April 2022, this new penalty regime for late submission of tax returns and late payments will begin across VAT and Income Tax...
by Gary Woosey | May 6, 2021 | Uncategorized
As business advisers, we’re often asked whether incorporation is the right choice for new and growing businesses. But the answer isn’t always straightforward. The truth is, there is no right or wrong way to run a company and incorporation will depend heavily on your...
