Accountancy & Business Blog
Is your business running a workplace nursery scheme? Key steps to remain tax compliant
HM Revenue & Customs (HMRC) has recently issued a warning to employers regarding the proper use of workplace nursery schemes.
Why the National Wealth Fund is a game-changer for SMEs
The recent announcement by the new Labour Government to introduce a National Wealth Fund has sent ripples of excitement throughout the business...
I’ve taken over the family business and our accounting needs modernising – how do I achieve this?
Taking the helm of the family business is an exciting time and an opportunity for you to put your stamp on its operations and future direction. ...
Strike the right balance between AI and human efforts
We can all agree that with the advancements in Artificial Intelligence (AI) – whether we want it to or not – traditional business practices are...
Protect your business against deepfake fraud scams
Deepfake technology has made significant advancements thanks to the progress in artificial intelligence (AI), enabling scammers to replicate a...
Thinking of investing in electric cars for your business? – Here’s what you need to know
The number of electric cars on our roads is rising rapidly. In 2023 alone, the number of new electric vehicles rose by 18 per cent and there are now...
Starting a new business? What you need to know
If you’re preparing to start your new venture, there are steps you need to take to make your launch as smooth as possible and comply with commercial...
Managing staff costs: Statutory payments and compliance
Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to...
Director’s loans – A missed tax planning opportunity?
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses. Essentially, you borrow...
Streamlining your payroll set-up with employment and tax records
When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the...
Furnished residential lets vs Furnished Holiday Lets – The tax situation
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out....
Changing your VAT details? Remain vigilant over latest fraud activity
HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484. What’s...
The most common VAT filing mistakes – and why MTD is the solution!
If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return...
Ahead of the 6 July deadline, remember that P11D rules are changing
If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be...
Reviewing your payroll? Check what’s changed
With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around...
Due a tax rebate? Keep an eye on your account
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to...
April Fool’s Day is passed but you could still get scammed
April Fool’s Day, a time of jokes and jests, may have been and gone... But it just so happens that April Fool’s Day falls just before the start of...
Redundancy changes for new parents
The law surrounding redundancy for new parents is set to change from 6 April. This will offer enhanced protection from redundancy for those who are...
Have you used your capital allowances this financial year?
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce...
Making the most of pension contributions for tax purposes
Are you ready for the end of the 2023/24 tax year? 5 April 2024 marks the end of the current financial year, so the deadline to use several...
![](https://www.icashlimited.co.uk/wp-content/uploads/2020/04/Working-at-desk.png)
Looking to Change Accountant?
Switching to us is easy, just give us a call and we will take care of everything for you,
ensuring a smooth transition. We’d love to welcome you as our client and help you
“make things happen”