Blog

The VAT registration limit normally increases in line with inflation each year, however the limit has been frozen at £85,000 until 1 April 2020. At the same time the deregistration limit remains at £83,000. There had been rumours that the VAT threshold would be...

Company car benefits are based on CO2 emissions data which has encouraged employees to choose diesel cars due to lower CO2 emissions. The government is trying to reduce the number of diesel cars and will increase the current 3% diesel supplement to 4% from 6 April...

Office politics are a fact of life. People are complex and work relationships are often complicated to navigate. So, what should you do when office politics become problematic? Listen first: When people feel that they have been listened to, they tend to step away from...

Although not mentioned in the Budget speech the other documents released on Budget day mention the possible extension of the rules for personal service companies in the public sector to workers in the private sector. The government will consult in 2018 on how to...

Networking isn't just about attending an event with a stack of business cards and speaking with random people. People want to do business with people they like and trust, and people they know through friends and shared connections. Attending networking events has its...

Steve Jobs was quoted as saying “It doesn't make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.” Once you have hired a bunch of really smart people, you need to manage them effectively. High performing people...

The Chancellor reminded us that the government are committed to increasing the personal allowance to £12,500 in 2020 and the higher rate tax threshold to £50,000. However, the personal allowance for 2018/19 was only increased in line with inflation to £11,850 and the...

The government are gradually phasing out the self-assessment tax return and replacing it with an individual tax account pre-populated with data supplied by employers, pension companies and State Pension figures from DWP. With effect from April 2017, HMRC will have the...

A furnished holiday letting business is treated as a trade for most tax purposes. For example, capital allowances are available on furniture, and CGT entrepreneurs' relief is available on disposal of the business. However, a recent tax case has determined that a...

7 SIGNS YOUR BUSINESS SYSTEMS NEED AN UPGRADE Let’s face it, the words ‘paperless’and cloud computing are not ‘new’ concepts anymore. However many of us like tradition and are more comfortable with paper, keeping our accounting not in the cloud but in deskbound...