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Aug 09, 2022 | EmploymentIs Your Business Entitled to the Employment Allowance?
The Employment Allowance (EA) is a £5,000 allowance determined by employer National Insurance Contributions (NICs). Qualifying employers must claim this money sum at the end of each tax year. But are you eligible to claim for employer allowances? Please continue reading for more information on this scheme brought to you by our financial advisors in […]
Jul 15, 2022 | TaxSmall Business Bookkeeping | Are You Keeping On Top Of Yours?
Keeping on top of your bookkeeping is paramount when running a small business. However, it is especially important for expenditure on buildings and equipment. Did you know, accurate small business bookkeeping can also save you tax? Find out more.
Jun 13, 2022 | VATChanges To VAT Rates: What Does This Mean?
Since the 1st of October 2021, the hospitality and catering industry were granted a 12.5% reduction in VAT rates. This VAT reduction was a blessing for businesses that were victims of the COVID-19 outbreak. Because of this, consumers were enticed into further purchasing with the knowledge of getting more for their money. However, as of […]
Apr 20, 2022 | TaxSalary Sacrifice Schemes: What Are They & Why Use Them?
Personal allowances vary from one employee to another. But it is essentially the amount of income an individual is entitled to receive that’s completely free of tax. However, this amount decreases the higher the income. In fact, for every £2 that your total taxable income exceeds £100,000, the £12,570 personal allowance is reduced by £1. […]
Mar 20, 2022 | Business Advice, TaxWhy Small Businesses Should Use An Accountant
Have you recently become a small business owner? If you have, you may be encompassing new challenges everyday. However, in order for your business to succeed you will need financial support. Whether you have been in business for years or just starting out, it will benefit your business to have an expert’s perspective. Here at […]
Feb 20, 2022 | TaxTax Planning Ideas For 2022
We’re coming to the end of February. Therefore, it’s the ideal time to be implementing a plan for your 2022 tax affairs. Start evaluating your tax planning efforts from 2021 and combining your findings with recent financial advancements. Them, you can stay confident in another year of success in your personal & professional life. As […]
