New Year’s Resolutions to Save Tax

  NEW YEAR’S RESOLUTIONS TO SAVE TAX At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA...

Government U-Turn on pensions tax for Doctors and others?

  In earlier blogs we reported that hospital doctors and GPs were lobbying the government to amend the pension tax rules as the current system of restricting tax relief on pension contributions means many doctors paying almost all of the extra salary back in tax...

Working with your accountant in a post-MTD era

Working with your accountant in a post-MTD era Picture it. It’s tax deadline week, and you’re not stressed. You don’t have to rummage through boxes or filing cabinets looking for invoices or receipts. Everything is in hand, and you’re entirely relaxed. Is it all a...

What is 2-step authentication and why do I need to set up on Xero

We live in the clouds these days. Well, our most valuable information does.  The more we live online, the more criminal activity lives online. Cybercrime continues to evolve and become more complex, with new measures being taken every year to protect against the...

6 Receipt Bank tips that make expense tracking a breeze

  We can all agree that until apps like Receipt Bank came about, keeping a track of receipts and invoices was a nuisance.  Thankfully, now that we’re able to upload, store and track our expenses at the touch of a button, we have more time to take care of the...

How to extract profit from the family company

The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers’ national insurance contribution (NIC) liability...