Lending from one company to another – Can interest be charged?
With relatively low interest rates on cash deposits, some companies are looking to invest their spare cash elsewhere, especially if investing in the company’s own …
Company paying for fuel – A useful benefit?
Having the company pay for all your fuel might seem like a major perk. However, whether it is truly a valuable benefit depends on a …
Would growth shares benefit your company?
Today’s business world is increasingly competitive. In order to survive and grow, a business needs to retain talented personnel. While benefits such as medical insurance …
Registering for Self Assessment
If you are new to Self Assessment and need to submit a tax return for 2024/25, you will need to register for Self Assessment. This …
Spotting signs of umbrella company fraud
An umbrella company is a business that may be used by a recruitment agency to pay temporary workers. However, many umbrella companies are not tax …
Time to Pay for Simple Assessment
A Simple Assessment is used for taxpayers with very straightforward tax affairs. A taxpayer may receive a Simple Assessment letter from HMRC if they owe …
Effective date of VAT registration
Businesses must register for VAT when their turnover exceeds the registration threshold (currently £90,000). This must be done if, at the end of any month, …
New evidence requirements for personal pension relief
Individuals who claim higher or additional rate relief for personal pension contributions through their tax code may now need to provide evidence in support of …
Outsourced Bookkeeping vs In-House: Pros & Cons
When you’re growing a business, one of the biggest financial management decisions you’ll face is: should I keep bookkeeping in-house or outsource it to professionals? …
Bookkeeping Services in London for Small Businesses
On a quiet evening in Woolwich, a cafe owner finally closed the cafe after a long day of clients. Instead of resting, she pulled out …
7 Signs Your Small Business Needs a Virtual Finance Director
Running a small business is exciting, but let’s be honest, it’s also overwhelming. Between winning clients, managing staff, and keeping up with regulations, many owners …
The True Cost of Hiring Finance Staff vs Outsourcing: A UK Small Business Guide
Running a small business in the UK comes with one unavoidable reality: you can’t escape the numbers. Invoices, payroll, VAT returns, Corporation Tax, cash flow… …
