Tax Philosophy Statement We are committed to keeping our clients’ tax liabilities to the minimum within the spirit and letter of the UK tax legislation. We do not recommend our clients to undertake aggressive or artificial tax planning schemes, both for ethical reasons and because the use of such schemes is likely to attract detailed [...]
CUI BONO - WHO ARE THE BIG WINNERS FROM THE NEW SOCIAL CARE SYSTEM? The UK Treasury has not historically been a significant user of hypothecated taxes, or in plain English, attributing specific tax revenues to specific spending obligations. However, the new social care levy of 1.25% attributable to many forms of UK income clearly [...]
We love FreeAgent and you will too Are you the type of business owner that gets their tax returns submitted, out of the way, as early as possible? If you are there’s no avoiding how time-consuming and tedious your accounting can be. It requires continuous bookkeeping throughout the year and takes up time that could [...]
Coronavirus Statutory Sick Pay Rebate Scheme There are many businesses who are suffering the loss of their employees through sickness and isolation. The Government has reintroduced the COVID Statutory Sick Pay Rebate Scheme. What does the SSPRS do? It will refund small and medium sized employers Covid-19 related statutory sick pay (SSP) costs up to 2 [...]
Plastic Packaging Tax In April 2022 there will be a new Plastic Packaging tax imposed on goods. The idea behind this is to incentivise businesses to move away from plastic towards more sustainable methods of packaging goods. The government hopes that there will be a greater demand for recycled plastics and to stimulate the collection [...]
Practicalities of buying a new EV Are you tempted to buy an electric vehicle? We have written about the climatic and tax saving benefits, so what should you think about now? Here we discuss the funding and insurance policies available. According to our survey most people worry about the charging. More accurately they worry about [...]
Tax Perks of Going Electric From Green Accountants For Green Businesses The UK is moving away from traditionally fuelled cars. But did you also know that an Electric Vehicle comes with Tax Incentives. In the example below the company saves £15,200 in Corporation Tax and the employee saves £10,240 per year. There are also National [...]
The Autumn Budget 2021 The Chancellor delivered his second Budget this year with the Covid 19 virus continuing to have an impact, on families, businesses and the UK economy as a whole. Various support measures for businesses affected by the pandemic, such as the Coronavirus Job Retention Scheme and the Self-Employed Income Support Scheme ceased [...]
Big Hand 4 Business Green Accountants for Green Businesses We did it! Two years ago we set ourselves the target of reducing our carbon fuel footprint by 50% Not only have we smashed that target by a reduction in our carbon miles of 87%, we are also contributing to tree planting programme to ensure we [...]
IR35 & CEST Government Hat Trick of Own Goals HM’s Department for Work and Pension was hit with a bill of £87.9 million for “historic” incorrect application of the rules for off-payroll workers. The DWP follow the Home Office (£33.5m) and HM Courts & Tribunals Service (£12.5m). It must be confusing when the people who [...]