When employees are travelling as part of their remit, it is likely that they may incur additional costs, so understanding hotel and subsistence expenses, and how the rules work, is extremely important. This can include the cost of transport, such as train tickets or...
Tax on electric vehicle charging points
With more and more people purchasing electric cars, it’s safe to say they are on the rise, but what are the key considerations for tax on electric vehicle charging points? We'll explore the topic in this blog post. According to next greencar, there were nearly 300,000...
What counts as business travel
Business travel can be tricky to manage and determine exactly which instances can be covered by business expenses, so, what counts as business travel? The term is generally defined as travel that has been incurred solely for work purposes, so this would exclude daily...
Claiming tax relief on a garden office
As more and more people are now working from home, the desire for a designated workspace has become a top priority for many, which is why claiming tax relief on a garden office is such an important consideration right now. The past year and a half has forced many...
Responsibilities of a company director
If you’ve set up a limited company, you have to be aware of your new responsibilities as a company director. Running the day-to-day business is up to you, but as a company director, you’re also legally obligated to perform certain duties and act in a certain way, as...
How to master setting automatic invoice reminders in Xero
One of the great advantages of self-employment or running a business is the freedom it affords you, but those benefits often have to be taken with the headache of chasing invoices, which is why setting automatic invoice reminders in Xero can be a huge help. Many...
Understanding the health and social care levy
Keeping abreast of tax changes, new HMRC rules and various levies affecting different UK sectors, can be the source of major headaches for business owners and finance departments, and understanding the health and social care levy is one of those considerations. The...
What you need to know about the MTD timeline
Making Tax Digital (MTD) came into effect in April 2019 and aims to revolutionise and simplify how businesses record their tax and help the UK to become one of the most digitally advanced tax administrations in the world, but how clued up are you on the MTD timeline?...
Small business bookkeeping tips
Being a small business owner means you are responsible for keeping on top of your business’s books. Failing to do so could be costly for your business, but luckily there are several small business bookkeeping tips you can follow to help keep you on the right track....
What is Class 2 National Insurance and how is it relevant to my business?
When you’re working for yourself or running a business, there are myriad tax considerations that it’s important to aware and have an understanding of - including Class 2 National Insurance. Your National Insurance responsibilities are fundamental in relation to the...
