What is ERP and How Do ERP System Works? Types, Benefits
For successful business practices, you need to speed up the automation processes of your business through various tools. As the smooth, efficient and fast business
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
Why You Shouldn’t DIY Your Business Accounting
Starting a business with nothing to your name can mean that you would need to do things on your own for a while. But as
Tax consequences of ‘illegal’ dividends
Dividends can only be declared out of a company’s available undistributed profits, and if the payments are to be legal then the correct administrative procedures
Things You Should Know About Dividend Waivers
Dividends are paid at the same rate for each category of share according to the number of shares held. However, such inflexibility could mean the
What happens if your business is ‘chosen’ for an HMRC enquiry?
HMRC has the power to enquire into any return and request any information to establish whether that return is correct. No reasons need be given
Obtain relief for Pre-letting expenses
When starting a new property rental period there will usually be a preparatory phase during which expenses will be incurred. To what extent is relief
Furnished holiday lettings
Furnished holiday lettings offer a number of tax advantages over longer lets. One of the key benefits is the availability of capital gains tax reliefs
Extracting profits from a property company
Running a property business through a limited company rather than as an unincorporated business may be an attractive proposition; at 19% the rate of corporation
Expenses and benefit returns for 2020/21
Expenses and benefits returns P11D and P11D(b) for 2020/21 need to be filed by 6 July 2021. Meeting this deadline is important as penalties may
Making a negligible value claim
Where assets have become worthless, it may be possible to make a negligible value claim, allowing a loss to be realised which can be set
NIC and company directors
Special rules apply to company directors when it comes to calculating their Class 1 National Insurance liabilities. Why the rules Directors, particularly of personal and
Amend Your PSA For Covid-19 Related Benefits
A PAYE Settlement Agreement (PSA) enables an employer to meet the tax on certain benefits and expenses on the employee’s behalf. This can be useful
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