Blog
Sharing our knowledge
Working for years in the accounting industry has provided us with a wealth of knowledge across all areas of compliance. So we think it’s important to share this with our clients.
Here you’ll find a wide range of in-depth articles that clarify some of the more pressing business and industry issues and answer any of your questions about the world of accountancy.
VAT
VAT registered businesses act as unpaid tax collectors and are required to account both promptly and accurately for all the tax revenue collected by them.
Recovering VAT on staff expenses
Although the VAT rules normally prevent you reclaiming VAT on supplies that are not made direct to you, there are certain circumstances when the rules are relaxed.
Furnished Holiday Lettings
Different tax rules apply to income from letting property, which is generally taxed under the property income rules. For many years, the Furnished Holiday Lettings (FHL) rules allowed holiday lettings of UK properties that met certain conditions to be treated as a trade for some specific tax purposes.
Capital Gains Tax and the family home
The capital gains tax (CGT) exemption for gains made on the sale of your home is one of the most valuable reliefs from which many people benefit during their lifetime. The relief is well known: CGT exemption whatever the level of the capital gain on the sale of any property that has been your main residence. In this post, we look at the operation of the relief and consider factors that may cause it to be restricted.
Tax-Free Childcare
The government has introduced a tax incentive for childcare, Tax-Free Childcare (TFC).
Land transaction tax
Land Transaction Tax (LTT) is payable by the purchaser of property in Wales.
Recent posts
Self-employed car expenses: a guide for small businesses and sole traders
Discover how to navigate self-employed car expenses effectively, including business mileage deductions and HMRC’s methods. Learn to manage your self-employed car expenses hassle-free with expert advice.
Cloud-based accounting software: benefits for SMEs
Cloud-based accounting software is efficient, powerful and accessible. Here’s how it can benefit your business, and our top software recommendation.
Seamless transition to Xero: why it’s our top recommendation for simplifying business finances
If you’ve been experiencing challenges with your current accounting software and are looking for a solution that not only addresses your pain points but also streamlines your financial processes, then Xero might be the perfect fit for your business.
How much do bookkeeping services cost?
If you’ve ever asked yourself, ‘How much do bookkeeping services cost?’, you’re not alone. The cost of bookkeeping can vary, so let’s take a closer look.
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