Tag: Accountants

Budget 2020

Written on March 12, 2020. Posted in Business Tips.

Highlights for small businesses Chancellor Rishi Sunak announced yesterday the 2020 budget outlines the government’s tax and spending plans for the year ahead. Being the first budget of the decade,...

Employment allowance and April 2020 Changes

Written on January 9, 2020. Posted in Business Tips.

From April 2020, the employment allowance (EA) is changing, restricting it to smaller businesses with a National Insurance contributions (NICs) bill of less than £100,000 in the previous tax year. EA...

Directors Loan Account

Written on October 24, 2018. Posted in Business Tips.

Often when we go through a set of accounts with a client, one of the areas that causes the most confusion is the Director’s Loan Account. What’s is a directors loan account? Directors’ relationships...

How the new Flat Rate VAT changes 2017 will affect you!

Written on August 27, 2017. Posted in Business Tips.

Here are two main reasons why business owners need to be aware of the significant Flat Rate VAT changes for 2017: You may need to pay HMRC more VAT You could end up with a hefty VAT bill at a later...