by Lisa Dickson | Jun 16, 2018 | Bookkeeping 101, HMRC and tax
A common question we are asked is whether or not we should charge VAT on expenses recharged to clients. In this article, we will look at when you should or should not charge VAT to your client. The simple answer is that if you are selling a standard rated product or...
by Lisa Dickson | May 21, 2018 | HMRC and tax
How to reduce what you owe the taxman through personal tax planning. Nobody wants the taxman to take more than his fair share, and planning your finances early on can ensure you adopt the most tax-efficient strategy for the months and years ahead. Effective tax...
by Lisa Dickson | May 14, 2018 | HMRC and tax
Despite year-on-year tax rises, company cars remain a popular benefit. What’s new for 2018/19? While the tax cost of expensive high-emission cars can be eye-watering, by choosing carefully it’s possible to enjoy the convenience that comes with a company car for a...
by Lisa Dickson | Apr 20, 2018 | HMRC and tax
A guide to measures which discourage ‘phoenixing’ of companies. Companies can fail for several reasons and, for the most part, these aren’t the result of wrongdoing by the directors. For this reason, it’s perfectly legal to start a new company after an old one has...
by Lisa Dickson | Mar 26, 2018 | HMRC and tax
What to expect when providing staff with perks. Most employers choose to recognise the ongoing commitment made by their members of staff by providing various benefits and rewards. Whether that’s in the form of the Christmas party or it extends to benefits such as a...
by Lisa Dickson | Mar 19, 2018 | HMRC and tax
The default basis for landlords’ accounts. Traders have been able to prepare their accounts using the cash basis since April 2013, as long as they meet certain eligibility conditions. This option was extended to landlords running unincorporated property businesses...
