A Limited Company is arguably the most tax efficient structure to run your business through, but there are hidden tax traps that are easy to fall into. The biggest one is how you get paid from your company. Companies are taxed at 19% on all the profit they make, if you [...]
Increasingly, employers are asking employees to work from home. However, this comes with additional household costs for them. Nevertheless, there is tax relief available. The additional costs your employees can claim for include heating, water bills, business calls or even broadband connection. How much can you claim: Employees can claim a [...]
If you are a landlord, second homeowner or a holiday homeowner and you sell your property at a gain, you have just 30 calendar days to inform HMRC and make a Capital Gains Tax (CGT) payment. If you fail to meet this deadline you will be subject to a £100 fine which [...]
When you have a home-based business, it can be difficult to have a clear separation between work and home. The ability and temptation to pop into the office, whatever time of the day or night is always there. But it also brings many benefits – it’s about getting the balance right. [...]
Last week Rishi Sunak announced the Job Support Scheme to replace the Coronavirus Job Retention Scheme (CJRS). Hundreds of thousands of workers remain on Furlough and are reliant on these government payments. However, in October the CJRS payments reduce to 60% of the employee’s wages, up to £1875, with the employee [...]
Growing businesses need people. You only have 1 pair of hands and unless you want to spend all of your time bogged down in admin and firefighting problems, you will need people (whether employees or subcontractors) to do all of the things that you either do not have time to do or [...]
Some businesses find it easy to find customers, they're tripping over the work and can’t cope with the amount they have, but many find it difficult and the biggest worry is where is the next customer coming from. One of the reasons for this is that most of the people that [...]
It has been widely reported that, in order to pay for the support provided during the lockdown, taxes will need to rise. This is no major surprise, after all, there is no magic money tree, and the support must be paid for. The issues that the Government face are complex and [...]
Accsys Accountants have been rated the top three accountants in Maidstone for 2020. The Three Best Rated team base the Top Three Accountants Award using a 50-point inspection. This includes reputation, history, value for money, satisfaction and clients reviews. The Three Best Rated team advise that they only display businesses that [...]
Aside from your home, your car is probably one of the biggest expenses you face and how you own this is one of our most frequently asked questions. This blog then investigates how best to own this expensive but essential asset. Personally, or in your Limited Company. Owning Your Car Personally [...]
