With Sir Keir Starmer now in No. 10, there are quite a few changes and proposals on the horizon. Let’s break it down in a way that’s easy to digest, so you can understand what’s coming and how it…
Category: Tax
How Open Banking is Supercharging Small Business Payments
Let’s talk about something that can make a real difference in how small businesses operate—open banking! I know it might not be as glamorous as the latest iPhone or the latest Netflix series, but trust me, if you’re running…
Why Choose a Chartered Certified Accountant for Your Business?
Why Choose a Chartered Certified Accountant for Your Business? Chartered certified accountants are regulated by a professional body and bound by a Code of Ethics. This means you can have total confidence in their professionalism.
10 Cost-Saving Tips for Businesses
There are a number of ways businesses can save money, and it’s important to explore all the options to find the best solution for your company. Here are a few cost-saving tips for businesses.
Off-payroll working rules (IR35): Repeal of the repeal…
The new chancellor Jeremy Hunt has reversed the IR35 repeal announced by the former chancellor. The new chancellar said in his statement on 17th October 2022: “We are not continuing with … the reversal of off-payroll working reforms.” This means…
VAT on Rental Income
VAT on Rental Income: Navigating the complexities of VAT on rental income can be a daunting task for businesses. This blog post aims to shed light on the intricacies of this topic, from understanding the exemption of rent from VAT, to the implications of opting to tax rental income.
3 Ways for directors to withdraw money from the company
For company directors, depending on how much and how often you need to withdraw money from the company, there are 3 options: 1. Taking salaries Salaries are tax deductible for corporation tax and you can take a salary even…
Home Office for Company Directors and Tax Implications
1. If your home office is for 100% business use 1) First of all, you will need to have a formal agreement between the company and yourself stating that the home office is for 100% business use. 2) The…