Christmas Parties
November 30, 2022
The festive season is almost upon us, so it’s time to look at the tax treatment of providing a staff Christmas party.
Many employers provide a Christmas party or lunch for employees. However, without consideration of the tax implications, the event may trigger unwanted tax...
New VAT late payment and interest rules introduced
November 11, 2022
A new penalty and interest regime will be brought in from 1 January 2023 for late filing and late payment of VAT.
From 1 January 2023, a brand-new penalty and interest regime will be rolled out for late filing and late payment of VAT.
In a previous article we loo...
Points-based regime introduced for late VAT filing
November 1, 2022
From 1 January 2023, a new late filing and late payment penalty regime will be rolled out for VAT returns. In this article we will look at the late filing penalty regime and we will cover the late payment penalties in a separate article.
What’s changing and when?
The...
Should I Buy an Electric Car Through My Company?
July 15, 2022
If you are a director considering buying a fully electric car it can be tax efficient to purchase it through your company.
With the high cost of fuel at the moment, many drivers are reviewing their options and a fully electric or hybrid car is being considered by many.
To en...
As a small business owner, the likelihood is that bookkeeping isn’t your favourite task. It is, however, extremely important in order to establish a profitable and financially healthy business that will be around for years to come. Compiling accurate financial data allows ...
Six Steps for Creating an Effective Business Budget
April 26, 2022
Every business owner must know where the money in their business comes from and where it goes.
That’s why financial management is one of the most important things to keep in mind.
What is a business budget?
Simply put, it's a financial plan that gives a company...
How to to Improve Your Finances Through Debt Consolidation
April 18, 2022
Managing different debts can be an arduous task for even the most capable business owners.
Consolidating them into a single account can save interest and improve your credit score in the long run.
Even successful companies go into debt for a variety of reasons, including pla...
There’s no denying the importance of separating your personal and business finances. Although the two are very different, there are some common personal finance rules that you should apply to your business accounts. Let’s take a look at the personal finance tactics that ...
Why You Need an Accountant for Your Small Business in 2022
March 17, 2022
In the early days of a small business, the owner often does everything from bookkeeping and accounting to marketing and sales. However, as the company grows, it becomes more complex and it's no longer possible for the owner to do everything.
At some point, most small busines...
5 Easy Yet Effective Tips for Small Business Growth
March 15, 2022
When you’re planning to grow your small business, it’s always best to be proactive. As your business grows, there are things that will inevitably break or bend. The secret to sustainable growth is anticipating and preparing for this so that you can chart a steady roadmap...
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