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HMRC announces simpler tax reporting

HMRC announces simpler tax reporting

HMRC have proposed improvements to two tax reporting systems which should simplify and modernise the tax system.  These are The reporting and payment of Income Tax and Class 1A National Insurance contributions on benefits-in-kind via payroll software will become...

read more
IHT Exemptions, use them or lose them…

IHT Exemptions, use them or lose them…

In theory, there are plenty of relatively small things you can do in your lifetime which should not adversely affect your standard of living.  If you make best use of the available Inheritance Tax exemptions (IHT) over a number of years, substantial IHT savings...

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The twin cab U-turn

The twin cab U-turn

On 12 February 2024, HM Revenue & Customs (HMRC) had updated its guidance on the tax treatment of twin cab pickups following a 2020 Court of Appeal judgment. The guidance had confirmed that, from 1 July 2024, twin cab pickups with a payload of one tonne or more...

read more
Did you know that your cryptocurrency is taxable?

Did you know that your cryptocurrency is taxable?

There are more than 8,000 cryptocurrencies now in existence, it is therefore no surprise that so many people have dipped their toe into the market and tax is coming to the surface. One of the big misconceptions is that crypto is a currency for UK tax purposes, thus...

read more
Advisory Fuel Rates

Advisory Fuel Rates

The HMRC recently published the latest advisory fuel rates (AFR) for company car users. The rates for some petrol engines and all vehicles with diesel engines increased by 1p per mile. LPG engine rates for 2000cc plus vehicles have fallen by 1p and the advisory...

read more
HMRC announces simpler tax reporting

HMRC announces simpler tax reporting

HMRC have proposed improvements to two tax reporting systems which should simplify and modernise the tax system.  These are The reporting and payment of Income Tax and Class 1A National Insurance contributions on benefits-in-kind via payroll software will become...

read more
IHT Exemptions, use them or lose them…

IHT Exemptions, use them or lose them…

In theory, there are plenty of relatively small things you can do in your lifetime which should not adversely affect your standard of living.  If you make best use of the available Inheritance Tax exemptions (IHT) over a number of years, substantial IHT savings...

read more
The twin cab U-turn

The twin cab U-turn

On 12 February 2024, HM Revenue & Customs (HMRC) had updated its guidance on the tax treatment of twin cab pickups following a 2020 Court of Appeal judgment. The guidance had confirmed that, from 1 July 2024, twin cab pickups with a payload of one tonne or more...

read more
Did you know that your cryptocurrency is taxable?

Did you know that your cryptocurrency is taxable?

There are more than 8,000 cryptocurrencies now in existence, it is therefore no surprise that so many people have dipped their toe into the market and tax is coming to the surface. One of the big misconceptions is that crypto is a currency for UK tax purposes, thus...

read more

HMRC announces simpler tax reporting

HMRC announces simpler tax reporting

HMRC have proposed improvements to two tax reporting systems which should simplify and modernise the tax system.  These are The reporting and payment of Income Tax and Class 1A National Insurance contributions on benefits-in-kind via payroll software will become...

read more
The twin cab U-turn

The twin cab U-turn

On 12 February 2024, HM Revenue & Customs (HMRC) had updated its guidance on the tax treatment of twin cab pickups following a 2020 Court of Appeal judgment. The guidance had confirmed that, from 1 July 2024, twin cab pickups with a payload of one tonne or more...

read more
Advisory Fuel Rates

Advisory Fuel Rates

The HMRC recently published the latest advisory fuel rates (AFR) for company car users. The rates for some petrol engines and all vehicles with diesel engines increased by 1p per mile. LPG engine rates for 2000cc plus vehicles have fallen by 1p and the advisory...

read more
Going Digital? A sensible accounting decision in 2024?

Going Digital? A sensible accounting decision in 2024?

If you haven’t yet made the switch to a cloud-based accounting solution, what’s holding you back? A lack of understanding? Scepticism? Concern over costs? Whatever your feeling is, digital cloud-based accounting software now has a history, having been around for a...

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Why we choose to work with Xero

Why we choose to work with Xero

We’ve been supporting businesses manage their accounts with Xero since 2012. The online accounting software offers business users the chance to streamline financial processes and is used by both small and medium-sized companies. The ability to record, process, track...

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What are the benefits of owning an electric company car?

What are the benefits of owning an electric company car?

The two biggest benefits of an electric company car are the upfront tax reliefs for the employer and the vastly reduced benefit in kind for the employee. For the employer:  Corporation Tax (CT) relief will vary depending on how the vehicle is purchased. If the vehicle...

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