Advice

Browse 42 Advice about Bookkeeping

Rollover relief – how does it work 14 Sep 2022 Bookkeeping - Rollover relief can be claimed where trading assets are sold, and new assets purchased within a set timeframe using the proceeds.
New VAT Penalty Regime 13 Jul 2022 Bookkeeping, Clients, Deadlines, Policy, Tax - For VAT periods starting on or after 1 January 2023, the default surcharge will be replaced by new penalties.
Loans to directors & section 455 charge 8 Jul 2022 Bookkeeping, Tax - The director’s loan account helps to keep track of the transactions between the director and the company.
How to identify NIC increases on the payslips 9 Jun 2022 Bookkeeping, Employment, Tax - HMRC asked employers to include a message for employees on all payslips between 6 April 2022 and 5 April 2023.
Changing company accounting periods 6 May 2022 Bookkeeping, Tax - In most cases, a company's notice period coincides with an accounting and a return is being submitted for a matching period.
Director’s loan and Section 455 charge 13 Apr 2022 Bookkeeping - There are strict Section 455 tax charge anti-avoidance rules in place when it comes to re-payment of director’s loans.
Financial Dates Checklist for 2022 18 Mar 2022 Bookkeeping, Clients, Deadlines - Running a startup or SME is enough plate-spinning as it is, you don’t want to add urgent deadlines to the to-do list at the very last minute.
6 Key Accounting Trends for 2022 2 Mar 2022 Bookkeeping, Employment, Tech, Trends - 2021 was a year of change, and 2022 is set to bring more challenges and opportunities for the accounting industry.
Asset Disposal & Capital Allowances 24 Dec 2021 Bookkeeping, Tax - The capital allowance system provides tax relief for the net capital expenditure (cost less sale proceeds) over the life of the asset.
Tax Consequences Of ‘Illegal’ Dividends 27 Jul 2021 Bookkeeping, Employment, Tax - If a director sanctions illegal dividend payments, there can be significant tax for both the individual concerned and the company.
No Retained Profits – How To Extract Cash To Cover Living Expenses? 21 Jul 2021 Bookkeeping, Employment, Strategy, Tax - A popular strategy is to take a small salary which is at least equal to the lower earnings limit and to extract further profits as dividends.
Update to Company Car Mileage Rates 3 Jul 2020 Bookkeeping, Tax - HMRC mileage rates used by employers wishing to pay their employees the cost of fuel for business journeys in company cars have been updated on 1 June 2020.