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!) [...]
Reversed It took little over a week for HMRC to realise that perhaps this wasn't the best idea for the economy and the motor industry. The following blog should now be read in the context that at the time of writing it was correct but HMRC has relented and will now [...]
We are pleased to announce that we are now offering a new service! Our Comprehensive Xero Review & Training Bolt On has been available to our clients for several years, but now, for the first time, we have opened this up to non-clients. The service is great for anyone using Xero [...]
In a recent case, Harber v HMRC (First-tier Tribunal) on 4 December 2023, the taxpayer (Harber) was appealing a penalty of £3,265.11 imposed by HMRC for failing to declare a capital gains on the disposal of a residential property. Under the CGT rules if you dispose of a second home or [...]
