Teignbridge Businesses can apply for Green Business Grant Funding to help fund Green energy saving property improvements such as LED Lighting, low energy heat pumps, double/triple glazed windows and doors or thermal insulations. £165,000 is available for applications as part of £1.6m Government allocation through the UK Shared Prosperity Fund (UKSPF). Full details of the…
Having proper control of your business finances is a big advantage. It helps you make well-informed business decisions and keeps your organisation profitable. With so many digital tools for managing your bookkeeping, accounting and management reporting, it’s never been easier to manage, track and forecast your financial position. But what are the main tools you…
Are you undercharging for your services? It can be hard to tell, particularly if you’re in a niche industry or you’re a contractor. Costs have been rising, so it may be time to rethink your own pricing. Here are five signs that you might be undercharging: Nobody ever questions your quotes – Do all your new…
If you cannot afford to pay your tax due by the 31st January you need to contact HMRC before 31st January to arrange a Time to Pay Agreement. Tax should be paid by the due dates, being 31st January for personal taxes due, even if you receive no demand from HM Revenue & Customs. You…
Great news from Xero to say their Xero Bank Feed 90 Day Re-Consent Process Now Live. This means no more having to re connect to online banking every 90 days and you or your advisor can just confirm you want the connection to remain! In short, this is great news and will save a bit…
12 Tax Saving Tips for your Limited Company Use Of Home As Office Claim If you do any work from home, your company can repay you for some of the costs associated with running the business from home. Contact us for full details on what can be claimed. There are two options: Fixed Basic Allowance…
What are self-assessment ‘payments on account’? If your only income is from employment, your tax payments are pretty straightforward. But if you have other sources of income – things like dividends, self-employment or property rental – your tax affairs can get a bit more complicated. Under the self-assessment system, you’ll have to make ‘payments on account’…
The Autumn Statement 2022 On 17 November 2022, the government undertook the third fiscal statement (The Autumn Statement 2022) in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy…
Are employee parties tax-free? If the rules around social functions are followed, staff events like your end-of-year party, or your summer barbecue are tax-deductible for you, as the employer, and tax-free for your staff. This means you can claim back some of the expenses you incur when putting on a social event for your team, while…
As a business owner, you’ll be looking for every opportunity to claim back expenses and minimise your tax liability. But not everything that falls under expenses is tax-deductible. Why are some expenses not allowed for tax? To give you a better understanding of which costs are allowed and which are not allowed, we’ve highlighted the…