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Research and Development tax credits
  • Research and Development tax credits

R&D Tax credits is a scheme designed to maintain Britain’s global reputation for innovation. Encouraging business’ to grow, expand, and reach their full potential by increasing their spending in Research & Development.  What counts as Research & Development? To qualify for R&D Tax Credits, the work undertaken must be part of a specific project to…Read More

Posted in: Companies | Helpful Tips | Tax

Tax Implications of Cryptocurrency Investments & Trading
  • Tax Implications of Cryptocurrency Investments & Trading

In recent years Bitcoins, and other such cryptocurrencies, have become very lucrative investments nationally and globally. However, many are unaware of the tax implications within the UK of such investments. As a result, we have written a brief guide to help you ensure that you stay compliant with HMRC. VAT Implications As laid out in…Read More

Posted in: Companies | Helpful Tips | Tax

Love is in the air (and lots of tax benefits too!)
  • Love is in the air (and lots of tax benefits too!)

Love is in the air as Valentine’s Day approaches. From recent research, it has been found that over one million people will get engaged on Valentine’s Day this year. If you have that niggling feeling that your loved one is thinking of asking you for your hand in marriage, it could come with a number…Read More

Posted in: Benefits | Helpful Tips | Tax

Home Working Allowance for Directors & Employees
  • Home Working Allowance for Directors & Employees

Homeworking expenses include supplies used in order to complete your work. Computers and other technology Furniture Internet Access Homeworking allowance for an employee only applies to expenses that are completely necessary and exclusively in the performance of employee duties. In other words, you cannot proportion expenses for personal and business use. Currently, HMRC allows a…Read More

Posted in: Allowance | Companies | Helpful Tips | Tax

Home Working Allowance for Self-employed
  • Home Working Allowance for Self-employed

The homeworking allowance allows you to claim back certain expenses to cover the costs incurred when working from your home. These include: Room space Gas and Electricity Phone Bills Exempt expenses would include anything that is for personal use. Method 1 – Apportion actual costs As a self-employed individual working from home, you can choose…Read More

Posted in: Allowance | Community | Companies | Helpful Tips | Tax

Taking Security Deposits from Customers in QuickBooks Online
  • Taking Security Deposits from Customers in QuickBooks Online

If you take security deposits from customers then you will need to record them down so you know what you hold for different customers. QuickBooks makes it easy to record these so you can see at any time what you hold for each customer. This blog deals specifically with deposits that are intended to be…Read More

Posted in: Helpful Tips | QuickBooks

Benjamin Franklin

Beware of little expenses; a small leak will sink a great ship.

Benjamin Franklin