Accountancy Articles

I do some ad hoc work alongside my normal job – do I need to pay tax on this income?
3rd May 2018

This is a question we get asked a lot. A typical scenario would be that someone is employed either full or…

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Can I claim money back on payments I’ve made on behalf of my customers
2nd May 2018

When you make payments on behalf of your customers, for goods or services received and used by them, you might be…

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How to change the user on the feed from your bank to Xero
30th April 2018

If you wish to change the user on the feed when a staff member leaves, this is normally done by: 1….

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Our GDPR breakfast with Jarrang
30th April 2018

In amongst the torrent of GDPR emails we’ve been receiving, we noticed one company seemed to be making the topic actually…

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‘Why can I sometimes see a balance difference in Xero?’
26th April 2018

Differences will appear until you have reconciled everything in your bank account on Xero. At this point you should see a reconciled…

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I’m selling my house and I’ve made a capital gain, what tax reliefs can I claim?
26th April 2018

When you sell the residential property there are 3 types of reliefs available: 1. Capital gains annual exemption The current rate…

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I’m self-employed, is my medical treatment tax deductible?
26th April 2018

Unfortunately in most cases, no. HMRC believes that health treatment services have duality of purpose (element of both business and private…

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I worked some of the tax year under employed status and the rest as self-employed. What do I do?
26th April 2018

You or your accountant will need to declare your employment income on your tax return for that year. Tax deducted when…

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Is it still beneficial for me to take dividends out of my company rather than a salary?
19th April 2018

The answer to this question in most cases is still yes! For the 2018/19 tax year the tax rates dividends are…

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How do pension contributions on behalf of company directors/employees effect my corporation tax bill?
17th April 2018

Corporation tax is currently charged at 19% on chargeable profits. Contributions made by a company into company pension schemes for directors/employees…

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Are networking events tax deductible?
16th April 2018

Events held for clients that are free of charge are treated as business entertainment thus disallowed for tax purposes. If the company is holding and…

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Training – is it tax deductible?
16th April 2018

The general principle at play is that training undertaken to acquire new skills, expertise or knowledge cannot be treated as a…

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