Category: Current News

Keeping your cashflow strong in tough times

Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning…

Getting ready for HMRC’s new penalty regime

Paying your tax bill on time can be a struggle. The HM Revenue & Customs’ (HMRC’s) penalty regime exists, to act as a deterrent for…

Back to Tax Basics: How does VAT work?

Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain. Most businesses…

Tax on gifts to employees & directors

Can directors and employees receive gifts from the company tax free? Giving gifts to your employees can be a great way to increase engagement and…

Four Tax Preparation Tips to Follow

If you want to avoid the stress of the tax period, follow these four simple steps to prepare your business in advance. Tax season is…

Company year-end preparations: time to get ready

As your company year-end date gets closer, there are a number of administrative and financial tasks to start planning for ’ so it’s a good…

What home-office expenses are deductible for your business?

With greater use of home-working now the norm for many UK businesses, it’s important to think about the deductible expenses that you may be able…

Are loans to directors and employees tax free?

If you’re a director then taking out a director’s loan against the cash in your limited company might seem like a sensible thing to do.…

Getting ready for the extension of Making Tax Digital

Keeping the UK’s tax system running effectively and up to date with advances in technology is no easy task. But the introduction of the Government’s…

The value of cashflow forecasting during a crisis

Projecting your cashflow pipeline forwards during a crisis is vital. To be able to navigate the future path of your cashflow, you need to start…

What’s the difference between financial accounting and management accounting?

You’re running a business, so you know the legal requirements around producing accounts and submitting tax returns. But do you truly know WHY you’ve engaged…

Should I employ family members in my business?

If you run your own business, it’s tempting to bring in your own family into the company. But it’s important to think through both the…