Autumn Budget 2017
The autumn budget 2017 is the first of the new annual budgets, now the spring version has been deemed as not necessary. Nonetheless there was little of note and there were few surprises and much had already been released. The headline if any stemmed from maintaining...
Trivial benefits for employees
mpanies employing staff may find trivial benefits for employees a useful way of giving them a gift but without worrying about it affecting their tax while remaining allowable for tax by the employer. The rules allow payments of upto £50 to an employee as long as it is...
Spring Budget 2017
The Spring Budget 2017 delivered the expected attacks on the self employed and company business owners who give the economy so much of it's competitiveness and flexibilty which were reflected in the positive forecasts presented by the Chancellor Philip Hammond. After...
Leaving the VAT Flat Rate Scheme
Leaving the VAT Flat Rate Scheme is now likely for 100k businesses in the UK with the introduction of new rules for Limited Cost Businesses. The scheme was introduced to simplify reporting for smaller businesses but as a result of alleged abuse the door is now being...
HMRC response to Making Tax Digital
We are finally getting some more information on the HMRC response to Making Tax Digital proposal. This aims to enforce quarterly reporting on businesses and landlords, but still with the annual tax return due by 31 January. A pilot scheme is starting in April 2017...
Autumn Statement 2016
The Autumn statement 2016 was to be Philip Hammond's first and last as it is being abolished. In future there will be just a Budget in the autumn, leaving plenty of time for implementation and a Spring statement which will be a Government response to the 6 monthly...
Companies House Confirmation Statement
The replacement for the Annual Return was made on 1 July 2016 and the new Companies House Confirmation Statement must now be used. This incorporates the People with Significant Control (PSC) statement. Most of our clients will continue to complete this online using...
How to share Easybooks with your accountant
With a number of Easybooks clients coming on board, potential clients may ask how to share Easybooks with your accountant. Mathew from Easybooks sent the following video of the process which will hopefully answer that question: [video width="1360" height="1216"...
Budget 2016 putting the next generation first
The Budget 2016 was full of soundbites: putting the next generation first; act now so we don't have to pay later; helping working people keep more of the money they earn a key; fix our plans to fit the figures, not fix the figures to fit our plans. While according to...
Balance sheet and dividends
The balance sheet shows the limit of what dividends can be drawn: This is made up of the following sections: Fixed assets Current assets Current liabilities Net current assets (or liabilities) Long term liabilities Which is made up by the reserves (a limited company...