Welcome to our Hendon office!

We haven’t written anything on the website about our new office, so when our newest recruit – Kayla, aged 8 – came into the office with Mum and Dad over the holidays – we delegated the job of online content manager to her. Here is her take on our new offices When I came in […]

Enterprise and Seed Enterprise Investment Schemes

The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) were set up to encourage investment in riskier smaller businesses. The tax advantages on offer can be quite significant. In this article we explore the rules to qualify for the schemes and the benefits they can bring. EIS SEIS Income Tax relief for investors […]

Making Tax Digital

There are no immediate plans to submit every single transaction included in the business records to HMRC, but MTD lays the technical groundwork for this development in the future.

Should I move my buy-to-let properties into a company?

Since the former chancellor George Osborne introduced cuts to landlord tax relief thousands of landlords have seen their costs rise and are looking for ways to mitigate the hit. The limited company route was touted as the solution. So is it? Here’s what the government has done as part of their buy-to-let clampdown: Phased out […]

Employment and Self-Employment

A quick look into the complicated and increasingly fuzzy differences between employment and self-employment. The tax position Overall, the self-employed enjoy tax advantages compared to their employed colleagues. A self-employed worker pays lower rates of national insurance (at the time of writing: 9%, or 2% on earnings above £46,350). There is no benefit in kind […]

Information security

As an accountant information security is one of the issues which is absolutely critical to our business, but which we are loathe to talk about. Our professional training is all about producing financial statements or calculating tax, and we tend to leave the technology side to the IT professionals. However nowadays securing computer systems is […]

Cloud accountancy

In the last decade, the world around us has changed immeasurably. Almost 25% of non-food retail items are now purchased online. While once we used to write cheques, we now pay for items with a touch of a smart watch, or a swipe on a smart phone. Entire libraries can now be stored on devices […]

Shareholders and partnership agreements

When entrepreneurs start a business together, it’s often a good idea to draw up an agreement beforehand. The following is a non exhaustive list of items you may want to consider when drawing up an agreement. 1) Profit split It’s important to consider at the beginning how the business will share out profits between the […]

Dormant companies

What are dormant companies? A dormant company is a company which does not carry out a trade. To qualify as dormant, a company must either be non trading in its first year of existence, or otherwise be non trading for two consecutive years. What difference does being a dormant company make? Dormant companies can file […]