If you’re looking for a simple way to reward staff or directors with the occasional small gift, trivial benefits are a tax-free, no-fuss option – as long as you follow the rules.
Here’s what you need to know, including examples and some helpful tips to stay compliant.
You’re in the middle of your day when the phone rings. A serious-sounding voice claims to be from HMRC. They mention unpaid taxes or urgent action. It’s stressful and it’s meant to be.
Scam calls pretending to be from HMRC or other government bodies are increasingly common, and they’re designed to make you act fast. So what should you do?
Worried about missing a tax deadline? You’re not alone. Between juggling day-to-day tasks and running your business, it’s easy for important dates to slip through the cracks. At Love Accountancy, we make sure that never happens.
When it comes to protecting your business, most owners think about cash flow, expenses, or growth – but few consider what happens if HMRC decides to investigate. Even the most careful business can be selected for review. That’s where tax investigation insurance comes in, giving you peace of mind that your accountancy fees are covered, and you’re not facing it alone.
When your financial year comes to a close, it’s easy to feel overwhelmed by the admin. But it doesn’t have to be stressful. With the right support and a clear plan, you can tidy up your records, stay compliant, and head into the new year with clarity and confidence.
We’ve put together a simple checklist to show what you need to do as a business owner, and what we’ll take care of if you’re working with us.
When you’re running a business, keeping on top of invoices, payments, and receipts can quickly become a drain on your time. That’s where smart bookkeeping software like Xero comes in – giving you everything you need to stay organised, get paid faster, and manage your finances from anywhere.
Bookkeeping isn’t just about staying compliant—it’s about staying in control. With Xero’s cloud-based platform, you can raise quotes and invoices on the go, track who owes you what, and get a real-time view of your cash flow. And with Making Tax Digital (MTD) rules continuing to evolve, using compliant software like Xero helps you stay ahead of the curve. Read More
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