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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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Have you had enough of running your own company?

Have you had enough of running your own company?

There are many reasons a solvent limited company needs to be brought to an end; perhaps due to retirement, illness, or simply a desire to extract the cash tied up. Once a decision has been made to wind down and cease trading, the next step is to determine the most...

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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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Have you had enough of running your own company?

Have you had enough of running your own company?

There are many reasons a solvent limited company needs to be brought to an end; perhaps due to retirement, illness, or simply a desire to extract the cash tied up. Once a decision has been made to wind down and cease trading, the next step is to determine the most...

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Pension Rules – should you increase your contributions?

Pension Rules – should you increase your contributions?

At the beginning of every tax year your pension allowances refresh, bringing you opportunities to maximise your pension tax relief.   The rules are now even more generous than before: The Annual Allowance (AA) has increased from £40,000 to £60,000 – meaning that you...

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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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Self-Assessment scam warning

Self-Assessment scam warning

Self-Assessment scam warning HM Revenue & Customs (HMRC) is urging us all to be on the lookout for scam texts, emails, and phone calls from fraudsters. Scammers impersonating HMRC With a large number of people expected to submit a 2022-23 Self-Assessment Tax...

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Certificate of Tax Deposits Update

Certificate of Tax Deposits Update

HMRC are holding £89 million in "Certificates of Tax Deposit". Could one be yours? The ‘Certificate of Tax Deposit’ scheme allowed taxpayers to deposit money with HMRC to pay certain tax liabilities and stop late payment interest accruing.  Most commonly, these were...

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Autumn Statement 2023

Autumn Statement 2023

The Chancellor of the Exchequer has announced that he will present the Autumn Statement to Parliament on 22 November 2023. Jeremy Hunt will use the Statement to set out future tax and departmental spending plans, although he may hold back some ideas due to...

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How can I save Corporation Tax?

How can I save Corporation Tax?

With increases to the rate of Corporation Tax, companies are now – more than ever – looking for ways to reduce their Corporation Tax liability. Are you making the most of the tax reliefs and allowances available to your company? It might sound obvious but claim all...

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Important Update on Research & Development Tax Credits

Important Update on Research & Development Tax Credits

R&D tax credits are a great way for UK businesses to reduce their corporation tax liability in return for investing into research and innovation. This is either as a reduction in their Corporation Tax bill or as a cash lump sum if the company...

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How Green is your business?

How Green is your business?

Adopting ESG (Environmental, Social and Governance) standards that measure how green your business is beneficial to the environment, the wider community and potentially, your bottom line! The three core pillars of ESG are:   • Environmental — how does...

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Are you selling online to make ends meet?

Are you selling online to make ends meet?

If you regularly sell goods or services through an online marketplace, you could be classed as a ‘trader’.  If you earn more than £1,000 before deducting expenses incurred wholly or exclusively incurred for your trade, you will be liable to pay Income Tax on any...

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The top 5 reasons to prepare a budget for your business

The top 5 reasons to prepare a budget for your business

Business Budgets & Reforecasting There are many reasons why a business needs a budget and a plan for the current year of your business, here we have listed the top 5 reasons.  1. Providing a Focus for the Business Defining business targets to work towards helps to...

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What is your business’s strategic plan for 2023?

What is your business’s strategic plan for 2023?

2023 – A year for resilience?  In 2022, despite the troubles with the economy, we have been amazed at the resilience of our clients and how they have energetically moved their businesses into new areas, products and services. Many of our clients have redesigned...

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Reflecting on a year with CKLG’s Business Team

Reflecting on a year with CKLG’s Business Team

Step back in time with us as we reflect on a year with our business services team… It has been a turbulent year trying to get back to normality after Covid. It has been great to get back in front of clients again, holding lots of face-to-face client meetings while...

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