The 24-month travel expenses rule

Are you incurring costs travelling to a temporary client site? If so then you need to know about the 24-month rule which will tell you if you can claim for these costs. If you’re a contractor then you’ll understand what a significant difference to your finances claiming expenses can make. However there are strict laws … Continued

A Note to Company Directors

Did you know that when directors borrow from their own companies they incur a temporary tax charge? The rate of tax charged on loans to participators & other arrangements is currently 25% and is being linked to the dividend upper rate which from April 6th 2016 will be 32.5%. Section 455 CTA 2010 liabilities must … Continued

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Visit from the VAT man – would your business be ready?

VAT officers can visit your business to inspect your VAT records and make sure you’re paying or reclaiming the right amount of VAT at any time. If they turned up next week, are you confident you are ready?   Generally speaking businesses are selected for a VAT inspection by a computerised selection process based on criteria including the businesses turnover, its … Continued

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Xero add-ons – making your business simpler

Xero cloud accounting software is not a standalone product. Once you have seen the benefits and decided to move your accounting to the cloud, there are over 700 apps that integrate with Xero to help you reach your goals.   Whether you are looking for something to help deliver projects, improve cash flow, or manage … Continued

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