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A company car is a vehicle provided by the business for both business and private use of an employee who usually is required to travel extensively for their role, for example a regional sales manager. Company cars have pros and cons from the point of view of both the...

As I'm sure you're well aware, Inheritance Tax is a tax levied on an individual's estate - their property, money, and possessions - after their death.  In recent years, this tax has been more and more frequently labelled a 'tax on the dead' and has been a cause of...

On Wednesday 11th March Chancellor Rishi Sunak announced his first budget outlining his government’s planned spending & investment for the 2020-2021 fiscal year. As expected, there are many measures stated to bolster the economy & to try and ease the ‘damage’ caused...

When first starting a business, there’s always one little phrase, one golden nugget of advice that will be constantly drilled into you by pretty much everyone you meet - “cash is king”. While every business owner most likely becomes sick to the back teeth of hearing,...

Cloud Accounting: Work Smarter Not Harder When working as a sole trader you aim to reduce the time you spend in the office bookkeeping so you can get on with doing your trade. You may have heard buzz words like ‘The Cloud’, ‘Cloud Accounting’, ‘Automation’, ‘Xero’;...

The Christmas season is almost upon us, the tree is going up and the girls in the office are buying their little black dresses. It’s the time of the year where you thank your employees for all their hard work & show them how valued they are to the company. When...

What Is Self Assessment And Do I Need To Do It? Self-Assessment is a system HM Revenue and Customs (HMRC) uses to collect Income Tax. Tax is usually deducted automatically from wages, pensions and savings. Individuals who are self-employed must report it in an income...

When it comes to your company's tax liability there are several considerations you could make throughout the tax year which may result in significant reductions to your overall bill. Listed below are 10 of the top tips we would recommend to our clients...

Fake HMRC communications Criminals are increasingly using the ‘face’ of legitimate companies to trick unsuspecting individuals into revealing personal information. Recently, HMRC has been used to front many scams with fake correspondence appearing to have legitimately...

Making Tax Digital, HMRC’s 2019 flagship initiative, has been live for VAT registered businesses above the £85,000 threshold since April this year. But has the launch of this experimental and at times controversial policy delivered on it promises to make recording &...