Debunking Common Accounting Myths!
Accounting plays a critical role in the success of any business, but there are still a lot of misconceptions out there. Let's set the...
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lily56904
Jun 241 min read
What Is Hubdoc?
Monday 24th June 2024 Hubdoc is a subscription-based online application, owned by Xero, that captures documents uploaded by various...
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Pro Tax Plus Accountants
Jun 32 min read
Transform Your Business with Xero: Benefits and Our Platinum Partnership
Discover how Xero transforms business accounting. As a Xero Platinum Partner, we offer expert guidance and support for seamless accounting.
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lily56904
May 292 min read
Why Is budgeting Important In Business?
Wednesday 29th May 2024 What Is Budgeting? Budgeting in business is the process of creating a plan to manage and allocate a company’s...
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Pro Tax Plus Accountants
Apr 242 min read
Do I Need a Bookkeeper? Understanding the Value of Professional Bookkeeping Services
Unlock the insights you need to decide if a bookkeeper is right for your business.
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Pro Tax Plus Accountants
Mar 12 min read
Navigating Finances: When Is The Right Time for a Small Business To Hire an Accountant?
Running a small business involves wearing multiple hats, from managing operations to engaging with clients. As your business grows, so do...
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Komal Kaur
Mar 18, 20221 min read
Government announces plans for largest ever R&D budget
The £39.8 billion Research & Development (R&D) Tax Credits budget for 2022-2025 will help deliver the government's Innovation Strategy...
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Pro Tax Plus Accountants
Feb 21, 20222 min read
Businesses need to file digitally through Making Tax Digital from April 2022, regardless of turnover
Businesses need to take steps now, before it becomes mandatory for all VAT-registered businesses from 1 April this year. This new law...
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Pro Tax Plus Accountants
Feb 18, 20221 min read
Our Proactive Services For Growing Businesses
The best thing about our proactive accounting services is that we go through your whole business and understand how it operates. We make...
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Pro Tax Plus Accountants
Dec 28, 20202 min read
Christmas gifting without the IHT sting
Ho ho ho…Christmas gifting, this article explains which gifts should be free from inheritance tax consequences this Christmas....
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Pro Tax Plus Accountants
Mar 21, 20201 min read
Support for businesses through the Coronavirus Business Interruption Loan Scheme
Support for businesses through the Coronavirus Business Interruption Loan Scheme A new temporary Coronavirus Business Interruption Loan...
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Pro Tax Plus Accountants
Mar 21, 20201 min read
VAT payments deferral - Corona Covid-19 Update
VAT For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. Eligibility All UK businesses are eligible. How to access the...
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Pro Tax Plus Accountants
Dec 25, 20193 min read
Take advantage of the Annual Investment Allowance
The annual investment allowance (AIA) allows businesses to obtain an immediate deduction against profits for capital expenditure up to...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Give away £3,000 IHT-free each year.
There are various exemptions for inheritance tax purposes which enable a person to make tax-free gifts. One of the more useful is the...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Savings income – how is it taxed?
The taxation of savings income can be complicated as there are various allowances and rates that come into play. However, most people are...
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Pro Tax Plus Accountants
Dec 25, 20193 min read
Inheritance tax – making tax-free gifts
There are various exemptions, and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax-free...
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Pro Tax Plus Accountants
Dec 25, 20193 min read
Residence nil rate band
Residence NIL Rate Band and downsizing The residence nil rate band (RNRB) is an additional nil rate band, which is available where a...
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Pro Tax Plus Accountants
Dec 25, 20193 min read
Tax-free Christmas parties
Tax-free Christmas parties Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
VAT capital goods scheme
The VAT capital goods scheme affects input tax recovery in relation to high value capital assets by partially exempt traders and...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Rewarding staff suggestions in a tax-free manner
Many organisations operate a staff suggestion scheme and reward employees where a suggestion is adopted which will benefit the...
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