Here are the changes explained. Corporation Tax is set to rise from 19% to 25% from 1st April 2023. The full rate of 25% will only be applicable for those businesses making profits of over £250,000. Businesses earning profits of between £50,000 to £250,000 will be able to claim marginal relief. Tax is higher [...]
A website is a pre-requisite for doing business nowadays – every business has one. It probably cost a few thousand pounds and, if you used a reasonable website designer, it probably looks great. And you are probably really proud of it. But the point of a website is to get customers [...]
There is tax to pay on any benefits that you provide to yourself and your employees. These are reported on form P11D each year and we regularly prepare these for our clients. The deadline for form P11D is 6th July and any liability is due to be paid by 19th July. [...]
With the goverment promise to make greener choices the Kent County Council want to make a move to electric vans! Securing £1.5M of Highways England funding to operate a two-year electric van scheme for businesses. The aim is to encourage businesses to convert their fleets to electric, with a free 2 [...]
The last 15 months have been unusual for everyone and not least for those who are running a business. If you are in a business that was severely affected by Covid, you may now just be coming back online or you may have been able to pivot and go in a [...]
Xero subscription pricing is changing! From 23 September 2021, prices for Xero plans will be as follows: If you're a subscriber with a current discount or promo code, this will be applied to the new pricing from 23 September 2021 and will continue for the length of time originally agreed. There [...]
Most businesses still drown in paper and one of the biggest culprits are the receipts and invoices that owners receive for business purchases. But the good news is, you can eliminate the need to keep paper in your business with Hubdoc. In our Guide To Automating Your Bookkeeping we outline how [...]
When a business is trying to grow there is often a limited resource that prevents it doing so. The one that immediately comes to mind is customers or, more accurately, a lack of customers. However, for many, a lack of customers is not the main issue; there is some other limiting [...]
In every business for every £1 made in Sales only a small % is yours to keep. This is because there are direct costs incurred when making each Sale. For example, you may have to pay direct labour, direct materials, bank charges etc. So, for that £1 in Sales your business [...]
For capital expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. Under the super deduction, for every pound a company invests, their taxes are cut by up to 25p. For example, a Limited Company that purchases [...]
