CHANGES TO PENSION TAX RELIEF IN THE BUDGET? There is again speculation about further restrictions to tax relief on pensions in the Chancellor’s Autumn Budget. With the Chancellor looking to increase tax revenues without increasing tax rates, a raid on pension savings is an easy target as the cost of pension tax relief is estimated […]

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Some would rather stick with what they know, or whom they know, when it comes to accountants.  They may feel a sense of loyalty, or obligation to stay put, even if it’s not the best deal for them. When investigating reasons behind people staying with their first choice of accountant, the same justifications come up. There are four common reasons people […]

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ARE YOUR SPOUSES WAGES FULLY DEDUCTIBLE? HMRC have recently won a tax tribunal case where they were seeking to challenge the deduction for a wife’s wages in arriving at the profits of her husband’s business. The judge agreed with HMRC that the amount allowed as a deduction should be limited based on the hours spent […]

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Appearance is everything in business.  Technology available to us these days, makes it so much easier for your business to appear both professional and ‘big’ to potential clients.  You can be working from your spare room, abroad, your car or office.  All you need is a connection to Wifi or 4G.  It’s not about making […]

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NEW COMPANY LOSS RULES TO GO AHEAD The Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses that were originally announced in March 2016. As a result of the first Finance Act being rushed through due to the snap General Election the […]

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Has the time come when your once purposeful office is piled high with boxes and files?  Has your workshop become more of a storage place than a work place? Is there no more room for desks or new staff and you feel as if you are working on top of one another?  If any of […]

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With an expectation of a rise in costs of goods and services ahead in the wake of Brexit; it makes sense to look at reducing business costs now.  SME’s may, in particular, feel the pinch and need to reduce operational costs across the board. However, one area that businesses should refuse to cut back on […]

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MAKING TAX DIGITAL FOR BUSINESS DELAYED The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital for Business to 2020 at the earliest. Quarterly VAT reporting using the new system will be mandatory from 2019. In a further U-turn, three million small businesses and buy […]

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If you own a limited company, or you are self-employed, then you will usually have insurance cover in place.  This article will look at which business insurance expenses can be claimed against your company’s profits. If you want to claim back costs of insurance through your business then then the policy you are claiming for […]

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A shareholder is any person(s) who own at least one share of a company. A shareholders’ agreement, therefore, is a document outlining the legal agreements made between the shareholders of a company, regarding their rights and obligations as shareholders. This agreement is a private contract and can be kept confidential.  This differs from the companies […]

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