Sage 50 Accounts v30 is here!

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There is a phased rollout of Sage 50 Accounts version 30. This will be a 64-bit version of Sage 50 Accounts. Transitioning to a 64-bit application will be straightforward for most users. When you install v30, you will be offered the 64-bit version by default. If you still need to use a 32-bit version, there will be one available. What … Read More

Will You Be Impacted By The New Online Seller Rules?

Lady with laptop on desk and clothes hanging in background.

HMRC has introduced new rules that affect anyone who sells items on sites such as eBay, Vinted, Etsy, or Depop or people who rent out their homes on Airbnb and other similar sites. It also includes delivery drivers for Deliveroo and UberEATS, or freelancers that sell services through a website and earn money from doing so. The new regulations came … Read More

Can I do my own Bookkeeping?

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As the new year begins, you may be thinking about starting a new business or assessing your current business and looking to get your finances in order. As part of this, you may be looking at doing your own bookkeeping as an option. But could you do it yourself? Absolutely, managing your own bookkeeping can be both empowering and cost-effective, … Read More

Can We Claim Input Tax on a Gym Membership Scheme?

Leg with trainer shoe on, on a gym mat

As the new year unfolds, businesses may want to invest in their most valuable asset: their employees. One impactful way to support staff well-being and productivity is by offering corporate memberships to a gym, and there’s no better time than in January. Let’s look at what benefits it could bring to a business: Can we claim input tax on a … Read More

Paying employees early at Christmas 2023

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If you are an employer and you pay your employees early over the Christmas and New Year period, it is important to note the current guidance for employers on reporting PAYE information in real-time when making payments early during the festive period. In 2019 permanent easement on reporting PAYE information in real time was introduced, as employers may pay their … Read More

What do I need to prepare my year-end accounts?

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Preparing year-end accounts is a crucial task for all businesses. It is a meticulous process that requires attention to detail and accuracy. To ensure a smooth and accurate year-end accounting process, here’s some essential steps and considerations: Why is it important to prepare year-end accounts? Preparing year-end accounts is a meticulous process that requires attention to detail and accuracy. You … Read More

From November 2023 HMRC will remove paper VAT registration

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From November 2023, HMRC (Her Majesty’s Revenue and Customs) has advised that businesses and their agents should apply for VAT registration through the VAT Registration Service, as the paper VAT1 form will be removed. HMRC has stated that “it’s the quickest, most secure, and easiest way to register, and over 95% of their customers already use this service)”. You will, … Read More

Can I pay for Spotify and Amazon Prime through my Business?

lady with feet on desk listening to music with headphones

We often see clients that put Spotify and Amazon Prime subscriptions through their business as an expense, because they use them in their everyday business life, but are they an allowable business expense? In the world of business and taxation, it’s no secret that managing expenses is crucial in maintaining profitability. Business owners often rely on tax deductions to ease … Read More

Paying for fuel through a business without a company car

someone putting fuel in white car

Many business owners find themselves using their personal vehicles for work-related tasks. While it may seem convenient to pay for fuel through a business account when you don’t have a company car, it’s crucial to follow the proper procedures by submitting an expense claim instead. How should I report my business travel? If you do not have a company car … Read More