Keep calm and plan for the future Brexit

On 29 March 2017, the government triggered Article 50, starting the formal process for the UK to leave the EU. This will happen on 29 March 2019. Brexit: a little word with big consequences and a lot of uncertainty. Read more

Is your business owed money?

The ‘scourge of late payment’ was specifically mentioned in the government’s Spring Statement this year. There is government consultation in the pipeline, but with 20% of small businesses running into cash flow difficulties because their bills are paid late, December 2017 saw a new service launched to help. Read more

The advantages of company vans

In terms of tax, providing employees with a vehicle which fits within the definition of a van, rather than a car, can be very worthwhile. This is equally relevant to company directors, who are also treated as company employees. A recent tax case sheds interesting light on how cars and vans are defined for income tax purposes. Read more

GDPR is here

A new data protection regime came into force on 25 May 2018. This was D-day for the General Data Protection Regulation (GDPR), and most processing of personal data by organisations must comply with GDPR from that date. Read more

Bitcoin and tax

Bitcoin has been in the news recently as increasing numbers of people have been looking to make money through buying and selling this new ‘cryptocurrency.’ But what is bitcoin? Can it make a good investment? And where do HMRC fit into the picture? Read more

Paying family members the right way

There are special rules for tax-deductible expenses for the self-employed. To qualify for tax relief, expenses have to be incurred ‘wholly and exclusively’ for the purpose of the business. There can’t be any indication that there is dual purpose. A recent case at the tax tribunal shows how to get it wrong. So how do you get it right? Read more