Bookkeeping Blog and News
Read our tips and tricks, news, views and advice about accounting and bookkeeping.
Getting ready for the extension of Making Tax Digital
Keeping the UK’s tax system running effectively and up to date with advances in technology is no easy task. But the introduction of the Government’s ‘Making Tax Digital (MTD)’ initiative is intended to solve this problem, by moving most taxation over to a digital...
Choosing the right apps for your business
Software technology has evolved massively in the past decade, with cloud-based apps now fundamental to many of the internal and external processes in your business. To ensure you’re getting the best from the available tech, it's important to choose the right apps and...
Tax on gifts to employees & directors
Can directors and employees receive gifts from the company tax-free? Giving gifts to your employees can be a great way to increase engagement and raise the overall morale of your team. But how much can you give before there are tax implications? And how do the rules...
Welcoming your people back to the workplace
Covid restrictions are gradually being eased in the UK between April and June 2021. So, it’s time to start thinking about the return to the workplace and how you'll welcome your home-working and furloughed staff back into the office. After months of working from home...
What is the SME Brexit Support Fund?
The government has made £20 million available through the current SME Brexit Support Fund. Provided you meet certain eligibility criteria, HMRC may provide funding towards the costs of training and/or professional advice, to help you with changes to trade rules with...
Should you buy or lease your business assets?
There are certain items of equipment, machinery and hardware that are essential to the operation of your business – whether it’s the delivery van you use to run your home-delivery food service or the high-end digital printer you use to run your print business. But...
Your Budget 2021 summary
It’s been an incredibly tough twelve months since the last Budget, so the UK business community was keen to see what the Chancellor, Rishi Sunak, would announce in Budget 2021. With Covid, Brexit and global recession all serving to have a negative impact on the UK...
Getting your personal tax in order before the year-end
As the tax year draws to a close, it’s important to think about your own personal tax situation and to make sure you’re maximising any potential allowances and reliefs. Various annual allowances and tax bands will expire on 5 April each year. By taking advantage of...
Do you have to contribute towards your employees’ pensions?
If you’re a new employer, you may well be wondering what the position is regarding providing a pension for your employees. The answer is that you’re now legally obliged to provide a pension scheme and make contributions towards your eligible employees’ pension scheme....
Selling with empathy
Everyone has been affected by Covid-19 and lockdown. Some people are worried about job security and spending cash. Others have the cash they’d usually spend on overseas holidays available to spend locally. To recover from such a major economic downturn, we need to...