May 29, 2022 | Business Start Ups, Expenses, FAQ, Information, ISA, Loans, Making Tax Digital, National Insurance, News, QuickBooks, Tax, VAT, Vault
Using up personal allowances is not the only reason you should see your accountant at the start of the tax year, it is also the best time to get a health and wealth check for your business too. The end of the tax year is the busiest time for your business and your...
May 16, 2022 | Expenses, Information, ISA, Tax, Vault
If you are one of those people who is always racing to use up your tax allowances, such as Individual Savings Accounts (ISAs) at the last minute before the end of April 5, then you are not alone. But you could be making a big mistake. When it comes to mopping up tax...
Apr 19, 2022 | Expenses, FAQ, Information, Tax, Vault
Married Couple’s Allowance can be transferred between spouses and civil partners, and while 2m couples have claimed this since it was introduced back in 2015, there are many more people who are entitled to claim it.Go back four years The allowance, which is worth up...
Apr 12, 2022 | Business Start Ups, Expenses, FAQ, Information, Tax, Vault
A tax charge may arise if an employee is able to use a company car or van for private use. A further charge will arise if you provide the fuel for any private use. The taxable amounts that will apply for 2022/23 have now been announced. Company cars Where an employee...
Nov 8, 2021 | Expenses, Vault
In the UK, if you are making taxable supplies and your turnover exceeds £85,000, you must register for VAT. In certain circumstances, even if your turnover has not exceeded the threshold, you can voluntarily register for VAT. From April 2019, most businesses (there...
Aug 14, 2021 | Expenses, Vault
The eligibility criteria for the second grant is exactly the same as the first grant – so self-employed people who were eligible for the first SEISS grant will be eligible for the second grant, so long as their business has been adversely affected since 14 July...
