Client X has been a client of ours for years. In 2018, as a result of a large payout over a patented product, they had an extremely good year which resulted in profit of £4.65m and taxable profits of £4.5m. Client X is a specialist [...]
Many solicitors will refer to any charges that go over and above the basic fee for their services to the client as a ‘disbursement’. Disbursements may refer to expenses paid out on behalf of the client to a third party, for example. However, the term [...]
One of the hardest parts of owning a business is not knowing how much you will earn in the future. There is no promise of a steady paycheck, no added holiday or sick pay, and you have to balance both your business and household budget [...]
Now that a return to ‘normal’ is looking possible, we are talking to our clients about what happens next for businesses as they come out of lockdown. Many of you will have thought a lot about the future as a result of the last year, [...]
Those who are familiar with the way we work will know we highly recommend ReceiptBank for every business. Well, ReceiptBank has now rebranded as Dext Prepare, so we want to catch up with any new changes to the software, and talk about how it works [...]
The government announced yesterday the first wave of financial support in their mission to support businesses, individuals and families. There are further measures expected in the coming days but for now, here are the headlines: Government loans The treasury are making available £330 billion by [...]
Once the dust settles after the election, we will be expecting a new budget early in 2020. However, one of the measures we are not expecting to change is the huge reduction in company car tax for electric vehicles due to come in April 2020. [...]
This is a guest post from Sharon Duckworth, Snr Mortgage Consultant (Key Mortgage Advice). Now, more than ever, first-time buyers are struggling to raise a deposit and secure a mortgage. Banks consider the level of borrowing required as unaffordable. This makes it especially difficult for [...]
What is Making Tax Digital? From 1st April all VAT registered businesses with a turnover over £85,000 will have to keep digital records and submit VAT returns using compatible software. Why? HMRC want to bring tax into the digital age, bringing together their internal systems [...]
I know what you’re thinking. It's coming too fast. The systems won’t cope. HMRC will get it all wrong. And you know what? You might be right. But these issues aside, Making Tax Digital could be the best thing to happen in years. And in [...]
