Archive Blogs

Offering benefits-in-kind to your staff is a great way to make your business an attractive place to work. And these benefits add even more value if they’re also either tax-effective or tax-free.You can offer certain concessions that make benefits provided to your employees (including di...

Just before the start of this new 2021/22-tax year, HMRC announced changes to how crypto assets - those funds held in or earned through cryptocurrencies - are taxed.As a relatively new concept, there is a great deal of confusion about the legality and declaration requirements around crypto assets, s...

We all know that dividend payments are a key way to pay yourself and your fellow company shareholders when your business makes a profit. But are you following the right rules when taking out dividends from your company?Dividends can only be declared out of your company’s available undistributed pr...

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 an accountant? And do you understand the value that a good accountant and business adviser can add to your company?As a business owner, man...

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 positive and negative implications of employing your family.Employing your own family members can help to reduce the overall tax bill for the whole family unit. ...

The pandemic has proved to be a tough time for the UK’s freelancers. But there is help at hand still in the form of the Self-Employment Income Support Scheme (SEISS).The fifth tranche of the SEISS is now available to freelancers, contractors and people running self-employed businesses. If you meet...

As we start to recover from the worst effects of the Covid 19 Pandemic, many owners, directors and self-employed individuals remain concerned about having enough funds to pay their self-assessment income tax bill.The good news is that HM Revenue & Customs (HMRC) does have a facility for spreadin...

We always aim to keep you up to date with the most pressing dates and deadlines for your business diary.To help you get prepared, we’ve highlighted some of the forthcoming deadlines for Q1 of 2022.NOTE: If your company’s accounting period is longer than 12 months, the first deadline is normally ...

The Chancellor, Rishi Sunak, recently announced £1billion in additional financial support for Covid-hit businesses in the hospitality and leisure sectors.Pubs, restaurants, cafes and leisure outlets are all continuing to suffer as the impact of the new Omicron variant of Covid takes its toll on tak...

When setting up your business, one of your first decisions will be choosing which legal structure to use – and thinking about how this structure will affect the way the business runs.Businesses can be operated either as incorporated entities (generally, that means being a limited company) or uninc...

To trade as a business, you need to meet the right compliance requirements. It’s certainly not the most exciting part of creating a business, but setting up the right legal, accounting and tax compliance foundations ensures that you’re doing everything by the letter of the law.Here are the main ...

The Chancellor, Rishi Sunak, delivered his Spring Statement on 23 March. Faced with the task of creating a ‘strong economy’ for the UK, against the challenging background of high inflation, rising costs and the threat of conflict in Europe, he announced a raft of new measures.So, what...