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Can you reclaim the cost of home broadband? Yes you can – but there are restrictions as you would expect. The EIM01475 guidance from HMRC’s website is useful here. Limited Companies Company contracts and pays for the broadband service If a broadband contract is undertaken in the name of a limited company and the...

Becoming self employed is the quickest and easiest way to get your business up and running. However, there are a number of different structures under which you can operate a business so you should take professional advice before making a decision. It’s important to get it right...

Married couples and those in civil partnerships can now register for a tax break, which could help them save up to £230 a year. The marriage allowance (MA) allows couples, where one partner does not fully utilise their personal tax allowance, to share a limited amount...

What is it?? MTD (Making Tax Digital) is the government’s new initiative to transform the current tax system into a fully digital system which will be implemented between 2018 and 2020. It is intended to make it easier for individuals and businesses to get their tax...

Making Tax Digital (MTD) has been removed from the Finance Bill 2017, along with other clauses due to the forthcoming General Election. Public Bills cannot be carried forward into a new Parliament so they must either be scrapped or passed before the General Election takes...

Looking to cut down on your accountancy costs? Here are our Top Tips on how to avoid more than you need to! 1. Go Paperless by Using Cloud-Based Accounting There are a number of cloud based products and apps available to reduce the bookkeeping burden, making it...

With over a million subscribers, Xero is a leading online accounting system designed for small business owners. It’s easy to use and the ultimate hassle free way to run and grow your business. With real-time access to your financial information, you’ll always have the numbers...

6 July is the deadline for filing the P11D to HMRC but what is it? The P11d is a statutory form required by HMRC from UK based employers to detail the cash equivalents of benefits and expenses that they have provided during the tax year to directors...