Coming into force after 6th April 2025, there will be changes on how Furnished Holiday Lets (FHLs) are taxed. In essence, the legislation is aimed at removing the advantages of FHLs and aligning the tax treatment to a normal Buy-to-Let business. The benefits that FHLs currently enjoy, and that will be removed, [...]
Today, we got the news that we lost a long-term client, but surprisingly, it was for the best of reasons. When I answered the call, I was prepared for what was coming. Instead of just feeling upset, I felt a mix of emotions because, on the one hand, I knew the [...]
One of the curses of being an accountant is that everyone knows what you do as soon as you mention it…. well, at least they think they do… something to do with adding and subcontracting and taxes. Plus, it’s a serious conversation killer because 95% of the population have no interest [...]
As we move from the 2023/24 tax year into the 2024/25 tax year, I am trying not to think about filing personal tax returns again (I have only just gotten over last year’s tax season!). But there are some changes taking place in this new tax year that I would like to [...]
As springtime blooms and Easter approaches, my mind turns to the theme of renewal. It's a time when nature sheds its winter coat and embraces new growth and fresh beginnings. Similarly, in the world of business, failure doesn't have to signal the end—it can be the catalyst for transformation and growth. [...]
Good timing is the secret to many things in life and in finance, timing is equally as important. If you run a business that sells products or provides services, chances are that you probably have some stock and work in progress (WIP) within it. Stock is the inventory of finished goods [...]
As you would expect, I am pretty good at reading the small print in contracts but even I make mistakes, and in 2022 I made a whopper. I signed a contract with Citation HR, [not to be confused with any other company of the same name] who I felt offered a [...]
This budget needed to be spectacular to make people take note. However, Liz Truss tried that, and we know what happened there! So, predictably the budget was not spectacular. But, it did include some interesting points and some savings for the average voter and, arguably, lots of things you probably don’t [...]
One of the most common questions we get asked by our clients is “what is the best way to own a car – lease or buy?” Unfortunately, there is no straightforward answer and ultimately, it depends on a number of factors concerning you and your business. So, whenever this query arises, [...]
Last month, staff and clients of Accsys Accountants gathered for the launch of our new Goal Setter™ software. The event, hosted at Unity Co-working, offered our clients a first-hand look at what the software is and its capabilities. The evening was filled with excitement and curiosity (as well as plenty of food and drinks!) [...]
