The 2021 Budget saw Rishi Sunak announce a new £25bn tax break for limited companies, aimed at kick-starting investment by providing 25 pence for every pound of spending on plant and machinery, called Super deduction tax relief For expenditure incurred…
On 31st December, when the UK officially leaves the EU, you could be affected. In some cases, there will be the risk of what is called ‘double taxation’. This means that you could be taxed twice. There is a risk…
There are so many scam calls and emails claiming to be HMRC . They are getting more sophisticated all the time, and business owners are falling for them and losing hundreds or thousands of pounds. In this blog post we…
If you have a limited company, you can contribute to a pension and gain significant tax advantages for your business. Pension Contributions From Your Limited Company made as a company can be treated as an allowable business expense. In turn,…
What is an HMRC Investigation? Did you know that VAT officers can visit your business to inspect your VAT records? They do this to ensure you’re paying the right amount of VAT and reclaiming the right amount of VAT too…
If your business sells digital services to the EU from the UK there are significant changes to VAT on selling digital services reporting post-Brexit. Digital services include things like website hosting, broadcasting, telecommunications services, video on demand, downloadable music, games,…
As a business owner you are used to seeing your financial statement from your accountant, but little time is spent on what each reporting metric means, its significance and what the business should aim for.
A Costing Review allows a growing business to evaluate and rest pricing to stabilise and create sustainable growth. In the current climate all businesses are experiencing cost changes. These range from importation, container cost increases, cost of materials to cost…