There are four options for the VAT treatment of road fuel costs.
Treat all of the VAT as input tax because 100% is used for business purposes. This option only applies to fuel for cars used
VAT treatment of road fuel costs Read More »
There is an online tool that allows taxpayers to check if they need to notify HMRC about additional income. The online tool can be found at www.gov.uk/check-additional-income-tax.
This could include
Need to tell HMRC about extra income? Read More »
The bankruptcy process applies to people living in England, Wales or Northern Ireland. There is a separate process known as sequestration in Scotland. Bankruptcy is a form of insolvency and is
Being made bankrupt Read More »
Are we about to see the end of phone calls selling sham financial products?
An 8-week consultation by the Home Office and other government departments is aiming to do just this.
The consultation,
The end of scam calls selling financial products? Read More »
As accountants specialising in the creative industry, we frequently encounter questions about why we choose to focus on creatives. Some may wonder if this limits our potential work opportunities, considering that creative industries can be financially challenging to manage. While it’s true that our specialisation narrows our scope to some extent, we view this as
Passion for the arts: Why we’re devoted creative industry accountants Read More »
In the fast-paced world of real estate, navigating your property portfolio can be a daunting task. From managing rental income and expenses to analysing cash flow and ensuring compliance with tax regulations, the financial management of properties requires expert knowledge and precision. This is where a property accountant specialist comes in. If you need help
How a property accountant specialist can help you navigate your real estate finances Read More »
The 2022-23 tax year ended on 5 April 2023 and the new 2023-24 tax year started on 6 April 2024. Many taxpayers will be happy to leave dealing with their 2022-23 tax returns until later this year or
HMRC recommends early filing of tax returns Read More »
If you are retiring abroad, you are still entitled to claim your UK State Pension as long as you have built up a suitable amount of qualifying years of NIC contributions. However, your entitlement to
State Pension if you retire abroad Read More »
Corporation Tax relief may be available where your company or organisation makes a trading loss. A qualifying trading loss may be used to claim relief from Corporation Tax by offsetting the loss
Carrying company losses back Read More »
It is important to make a Will to ensure that your estate is divided amongst your beneficiaries in accordance with your wishes. If you do not leave a Will the law decides who inherits the estate. This
Characteristics of a valid Will Read More »