So, you want an electric company car? The tax perspective
Jan 19, 2024
Environmental consciousness is becoming more and more aligned with business operations, and electric vehicles (EVs) are becoming a popular choice for company cars as a result. This shift is as much about saving the planet as it is about the significant ...
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Payroll tax obligations – Have you got it covered?
Jan 16, 2024
If you employ one or more people for paid work, it’s essential that you have a properly managed payroll. Representing a significant cost to businesses and of high importance to employees, labour costs must be managed correctly – which includes paying ...
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Working remotely – What are the tax implications?
Jan 11, 2024
Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in 2023. As an employer, you need to ensure you have a comprehensive and up-to-date remote working policy to address possible tax ...
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VAT deadlines and what businesses should be doing to prepare for them
Jan 09, 2024
Businesses must remain compliant with the requirements for reporting and paying VAT, especially with the regular quarterly for VAT under Making Tax Digital. HMRC's efforts to maximise tax revenues have intensified, with over 3,000 staff added to its customer compliance units ...
READ MOREWhat SMEs can do in the event of a recession
Jan 04, 2024
While the end of 2023 saw inflation slow down, experts have warned that the chances of a recession in the coming months are more likely. A recession, which is usually triggered by an economic decline across two consecutive quarters or more, ...
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Our predictions for the SME business economy in 2024
Jan 02, 2024
Now that we have entered 2024, our accounting team has been making their predictions and discussing how best to advise our clients on preparing for upcoming challenges. Before we make predictions on SME prospects for 2024, however, let’s look back on ...
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What tax benefits do hybrid vehicles offer businesses?
Dec 19, 2023
Hybrid vehicles are becoming an increasingly attractive option for businesses. With changes in company car tax bands and the environmental benefits they offer, hybrids are a step towards sustainability and a smart financial decision. Understanding company car tax Company car tax, or Benefit ...
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Financial techniques to maximise your business’ growth
Dec 14, 2023
To successfully grow your business, you need to not only know your current business position but also where you want to be in three or five years’ time. Short-term, medium-term, and long-term plans will help to achieve your goals. How do I ...
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HMRC reminds restaurants and takeaways of VAT obligations on hot food
Dec 12, 2023
HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food. This move comes amidst potential confusion amongst business owners regarding the varying VAT rates ...
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Understanding Inheritance Tax and the implications for your finances
Dec 07, 2023
Inheritance Tax (IHT) can be a sensitive and uncertain topic when discussing with loved ones, but it is something that cannot and should not be avoided. Let’s explore the basics of Inheritance Tax, along with how it impacts your finances so ...
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