Double cab pick-ups will be classed as cars from 6 April 2025 for Capital Allowances, Benefits in Kind (BiK), and some deductions from business profits. What is a Double Cab Pick-Up? (DCPU) A DCPU is defined as a pick-up truck that has a cabin with four doors, and two rows [...]
Understanding the 2025/26 Changes to Employers National Insurance Contributions Back in October 2024, the UK government released the much-anticipated Autumn Budget where they announced a variety of changes affecting UK employers. One of the significant talking points from this was the adjustments to Employers National Insurance Contributions. The changes have [...]
National Insurance and Tax Tax-free personal allowance – £12,570 Basic rate – 20% – up to £37,700 Higher rate – 40% – from £37,701 to £125,140 Additional rate – 45% – above £125,140 National Insurance Rates Primary threshold - £12,570 [...]
Allowable expenses Claim all of your allowable expenses Ensure paid invoices have been recorded – chase those you’re still awaiting payment for Keep receipts 6 years after accounting period Trivial benefits - As a director of a limited company, you can receive up to £300 [...]
A Decade of Partnership and Progress Having been a Xero Partner since 2012, we are proud to announce that we have now reached Platinum Partner status, the highest accolade we can ask for when it come to expertise in working with clients using Xero Accounting Software. What Platinum Partner Status [...]
Understanding S455 Tax on Director’s Loans As a Limited Company director there may be times when you have to lend your company money, which will usually not result in any tax implications. So what happens when you personally need to borrow money? In this blog we take a closer look [...]
Common Accounting Terms Explained If you’re new to running your own business you’ll undoubtedly find yourself exposed to the world of accountancy and finance, and potentially hear new words and phrases. Whilst this can seem daunting, there’s no need to worry! In this blog we look at some of the [...]
One of the benefits of running your own business is that you may be able to complete your work from any location you wish, which for many is to work from home. But if you don’t have the space to dedicate to your work and are considering a garden office, [...]
Local Business Event at Our Southbourne Office Yesterday, we invited all the local businesses down to our Southbourne office for tax and accounting consultations, and some delicious cakes from our neighbours Tasty Bakes Bakery. It was great to meet so many businesses from the local area and we look forward [...]
Forty billion pounds of tax rises represents one of the very largest tax rising Budgets outside of a time of recession, with Rachel Reeves announcing a compendium of changes aimed at businesses and higher tax payers. A penny off a pint and frozen fuel duty will be small comfort for [...]