Charitable Donations

Do you have a charity close to your heart? Most people do. Perhaps they have supported you personally or maybe they support a cause you feel strongly about. Whether you run marathons, bake cakes, dress up in silly outfits or shave your head for your worthy causes, did you know Read more…

WARNING – Self Employed Take Note

Who does this affect? Unincorporated businesses (sole-traders, partnerships, and limited liability partnerships) whose accounts year does not end between 31st March and 5th April.  What is the present position? For a particular tax year, you are normally taxed on the net profit per the accounts which end in that tax Read more…

Businesses Face the Same Problems

What could an accountant possibly know about running a plumbing and heating business?   No doubt that’s a question that has crossed your mind. Well, let me explain. After completing his accountancy training in 2006, Aaron became the finance director of a large plumbing, heating and renewable energy firm. That Read more…

Pricing

Have you ever had that feeling of annoyance when someone accepts a quote immediately and says something along the lines of: “oh wow I thought it would be more than that”  or “that’s well cheap”? On the other hand, have you had potential custom immediately decline your offer stating that they Read more…

Optimal Salary 2021/22

For the current tax year 2021/22 the recommended tax position for company director shareholders continues to be to take a combination of threshold salary and dividends. With effect from 6 April 2021, the optimum director shareholder threshold salary is £8,840 or £736.66 per month. The conventional approach for director income Read more…

The Recovery Loan Scheme

Following on from our latest newsletter, information about the Recovery Loan Scheme has come to light that we feel it’s worth sharing before the next one:   The Recovery Loan Scheme  What is the aim of the RLS? To enable UK businesses who have been affected by the Covid-19 pandemic Read more…