If you have a company car, then your personal tax code will have now been updated for this year by HMRC, so that they can start deducting the tax cost of it from your salary. If you have chosen a car that is not tax efficient, this then this will likely [...]
Normally I hate articles that speculate about what will happen. Often, they are just trying to grab views and then you read them and come away none the wiser. But I have decided to write one and add to the speculation, to try and forewarn you so at least you can prepare [...]
A client recently said to me that they were proud of the fact that they have employed people, straight out of school, and that these people have now bought houses, gained a footing on the property ladder and made a life. He was, quite rightly, [...]
We live in turbulent times - a change in government, a war, politicians getting things thrown at them and even shot at, a turbulent economy and a cost-of-living crisis. But there is one constant you can count on and that is Accsys Accountants. We are here to support your business and [...]
As election fever takes hold, we are hearing nothing but endless promises from the politicians about all the changes they are going to make in the future. The irony, of course, is if half of the things that they are promising now were done by our existing government, then we probably [...]
I was speaking to a client of mine recently and they were telling me how they would never have employees again. They had been there, done that, and just couldn’t put up with the hassle. After recent events I can relate somewhat – it can be stressful – people have their [...]
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 [...]
