Hold-over gifts relief
Gifts Hold-Over Relief is a tax relief that effectively defers Capital...
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Full expensing
The full expensing 100% first-year capital allowance for qualifying plant and...
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Tax relief on pension contributions
Taxpayers can usually claim tax relief for their private pension contributions....
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Marriage allowance entitlement
The marriage allowance applies to married couples and those in a...
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Tax Diary December 2023/ January 2024
1 December 2023 - Due date for Corporation Tax payable for...
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Why breakeven analysis can be illuminating
If you focus your energy on sales, there is a chance...
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TAX AVOIDANCE VS TAX EVASION
What is the difference between tax avoidance and tax evasion? The...
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INCREASE YOUR PROFITS
Many small and medium sized Companies use a traditional approach to...
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THE IMPORTANCE OF MANAGEMENT REPORTING
Management reporting is essential for businesses to assess their performance, identify...
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IMPORTANCE OF FINANCIAL REPORTING
Financial reporting is critical for businesses to provide information about their...
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THE IMPORTANCE OF A GOOD ACCOUNTANT
Making sure you have a good accountant is essential for being...
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ACCOUNTING FOR CONTRACTORS
Accounting for contractors typically involves a number of specific considerations that...
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PUBLIC ACCOUNTS COMMITTEE (PAC) PUBLISH DAMNING REPORT INTO IMPLEMENTATION OF OFF-PAYROLL RULES ON PUBLIC BODIES
The report is scathing in its criticism of HMRC implying that...
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IS IT WORTH SETTING UP A LIMITED COMPANY AND WILL IT SAVE TAX?
We have written numerous articles on this subject in the past...
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SOLE TRADER OR LIMITED COMPANY WHAT IS BEST?
We have written a number of articles on this subject in...
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AUTUMN BUDGET IN BRIEF
On Wednesday 27 October the Chancellor of the Exchequer delivered his...
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THE FIFTH AND FINAL SELF-EMPLOYED INCOME SUPPORT SCHEME (SEISS) GRANT
HMRC has issued guidance on claiming the fifth and final SEISS...
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BOOKKEEPING TIPS
Vitally important that small businesses keep up-to-date records and take good...
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ACCOUNTANTS TAX TIPS FOR LANDLORDS
LIMITED COMPANY VS PRIVATE OWNERSHIP – WHAT IS BEST? Mainly due...
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14 THINGS YOU DIDN’T KNOW AN ACCOUNTANT COULD DO
(Small business guides – written by Xero software) Accountants do more...
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4 THINGS YOUR ACCOUNTANT CAN DO THAT ISN’T YOUR TAX RETURN
For both new business and those that have a long trading...
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REFORM OF R&D TAX RELIEFS GOVERNMENT CONSULTATION
Currently R&D reliefs are available under two schemes and to a...
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5 POST PANDEMIC SITUATIONS WHERE ACCOUNTANTS ARE MORE RELEVANT THAN EVER
The Coronavirus pandemic has undoubtedly been one of the most significant...
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TAX TIPS FOR THE 2021/2022 TAX YEAR
To help with tax planning for the 2021/22 tax year we...
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REVERSE VAT CHARGE SCHEME CIS
THE CONSTRUCTION INDUSTRY SCHEME (CIS) VAT REVERSE CHARGE SCHEME The CIS...
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BREXIT DEAL SALIENT POINTS
FISHING The UK becomes an independent coastal state and can control...
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MAKING TAX DIGITAL – NEXT STEPS
MAKING TAX DIGITAL – VAT Making Tax Digital (MTD) for VAT...
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VIRTUAL CHRISTMAS PARTIES
Virtual Christmas parties will qualify for tax exemption. Still plenty of...
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SMALL BUSINESSES EMPLOYING AN APPRENTICE
It used to be just big businesses that offered apprenticeships but...
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CHANCELLOR EXTENDS FURLOUGH AND LOAN SCHEMES
The furlough scheme has been extended until the end of April...
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LIMITED COMPANY FULLY OUTSOURCED ACCOUNTING PACKAGE
OUR SOLUTIONS LIMIT YOUR ACCOUNTANCY, ADMIN AND BOOKKEEPING TO A BARE...
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LIMITED COMPANY ALL-INCLUSIVE ACCOUNTANCY & BOOKKEEPING PACKAGES
Details For businesses that require fully outsourced bookkeeping services. The price...
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SELF INVESTED PERSONAL PENSION (SIPP)
THE FACTS A self-invested personal pension (SIPP) is a form of...
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WHY IR35 REFORM IS BAD FOR BUSINESS AND CONTRACTORS
As already widely reported the controversial reforms to off-payroll working rules...
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UK GOVERNMENT TIER 2 SUPPORT ANNOUNCED
The UK government announced today 22nd October new measures to support...
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CORONAVIRUS BUSINESS INTERUPTION LOAN SCHEME
The scheme is designed to support UK based small and medium-sized...
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CAPITAL GAINS TAX CHANGES ON UK RESIDENTIAL PROPERTY SALES
Prior to this new tax year 2020/21 UK residents making capital...
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KEY ANNOUNCEMENTS FROM CHANCELLOR’S COVID-19 SUPPORT PLAN
Below we will set out the salient points of Rishi Sunak’s...
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LANDMARK KICKSTART SCHEME OPENS
Young people aged 16-24 who are on universal credit will be...
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SELF-EMPLOYMENT INCOME SUPPORT SCHEME GRANTS
HMRC are inviting self-employed individuals or members of a partnership who...
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IR 35 REVIEW AND HOW TO STAY OUT
IR35 EMPLOYMENT VERSUS CONTRACTING In this article we will detail some...
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CLAIMING MILEAGE ON PRIVATE AND COMPANY VEHICLES
It is worth a recap on this subject as the rules...
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BUT-TO-LET MORTGAGE INTEREST TAX RELIEF CHANGES
Up until the tax year 2016/2017 Landlords have been able to...
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SELF EMPLOYED INCOME SUPPORT SCHEME
The scheme announced by the chancellor will provide grants to self-employed...
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COVID 19 – GOVERNMENT SUPPORT
VAT Deferral main points HMRC Defers Valued Added Tax (VAT) payments...
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SMALL BUSINESS TAX TIPS
We at Tax Compute help small businesses by providing business solutions...
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INHERITANCE TAX PLANNING
Inheritance Tax is paid if a person’s estate (their property, money...
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CASH ACCOUNTING CHANGES
For the 2017/2018 Budget the Chancellor confirmed that the entry threshold
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