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Support continues… and it’s time to think about growth

June 8, 2021June 17, 2021

One of the themes of the March Budget was encouraging business growth. The Office for Budget Responsibility (OBR) expects the UK’s economy will recover quickly once the remaining Covid-19 restrictions…

Bookkeeping: the engine room at the heart of your business

June 1, 2021June 17, 2021

Whether you’re back in the office, working remotely or using a hybrid system, there is no better time to look at the processes that keep your business running smoothly. As…

The tax risk of company mobile phones

May 25, 2021June 17, 2021

If you’ve got a contract for a mobile phone, which you use mainly for work, you may want to put the cost through your company. What are the tax consequences?…

The Tax Risk of Paying your Spouse or Partner

May 18, 2021June 17, 2021

A friend has suggested you follow their lead and pay your other half through the business to reduce tax on its profits. While this can work, it won’t in all…

Should you buy or lease your next car?

May 11, 2021June 17, 2021

One of the questions that accountants are asked most frequently when one of our clients is buying a new car, is whether to buy or to lease. To “buy” means…

How “super” is the government’s new super-deduction?

April 27, 2021April 28, 2021

A super-deduction of 130% for plant and machinery (P&M) – when purchased new, between 1 April 2021 and 31 March 2023 – was announced in the 3 March Budget. Anything…

A rise in the main Corporation Tax rate is coming – what does that mean for you?

April 20, 2021April 20, 2021

This year was always set to be about recovery, as the government seeks to repair the damage to the economy caused by the pandemic. Leading up to the Budget, there…

CGT annual exemption and IHT nil rate band frozen in Budget – what could this mean for you?

April 13, 2021April 13, 2021

In his Budget, the Chancellor announced that the capital gains tax (CGT) annual exempt amount (AEA) will remain frozen at its current rate, up to and including the 2025/26 tax…

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