What should I do to save tax in 2023?

At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs and see where you can save tax in 2023 before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA...

Design Thinking in Business

What is it and how can it help your business?   Innovation is key to the success and growth of any business. Design thinking is based on designer’s workflows for mapping out the stages of a design. However, it can be used as a standardised innovation process to...

How do I prepare for Making Tax Digital as a landlord?

Hammock: the time and cost-saving property finance platform From 6 April 2024, taxpayers with rental or self-employment income in excess of £10,000 will need to comply with HMRC’s Making Tax Digital (MTD) initiative. Records will need to be kept digitally with returns...

Digital Autonomous Organisations

Crypto currencies are becoming more mainstream. Ethereum tokens and block chain technology can be used to execute smart contracts which are automated and which complete when a pre-defined set of criteria are satisfied. More recently, this has driven the development of...

Does my electric car need to be new to qualify for tax benefits?

The shortage of semiconductors has meant long delays in the delivery of new cars. This has caused many company car drivers to choose a second hand car instead, but what are the tax consequences? Both new and second hand electric cars have allowances Unless the car has...

What are Network Attached Storage (NAS) Drives?

Businesses are creating and storing more data across more devices than ever before. NAS drives can offer an effective solution for small and medium sized businesses. A NAS drive is a high-capacity storage device in a box, which is designed to connect quickly and...