Debunking Common Accounting Myths!
Accounting plays a critical role in the success of any business, but there are still a lot of misconceptions out there. Let's set the...
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lily56904
- Jun 24
- 1 min
What Is Hubdoc?
Monday 24th June 2024 Hubdoc is a subscription-based online application, owned by Xero, that captures documents uploaded by various...
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Pro Tax Plus Accountants
- Jun 3
- 2 min
Transform Your Business with Xero: Benefits and Our Platinum Partnership
Discover how Xero transforms business accounting. As a Xero Platinum Partner, we offer expert guidance and support for seamless accounting.
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lily56904
- May 29
- 2 min
Why Is budgeting Important In Business?
Wednesday 29th May 2024 What Is Budgeting? Budgeting in business is the process of creating a plan to manage and allocate a company’s...
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lily56904
- May 13
- 2 min
What Is The Difference Between A Bookkeeper And An Accountant?
Monday 13th May 2024 WHAT DOES A BOOKKEEPER DO? A bookkeeper's job is to maintain complete records of all the money that has gone into...
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Pro Tax Plus Accountants
- Apr 24
- 2 min
Do I Need a Bookkeeper? Understanding the Value of Professional Bookkeeping Services
Unlock the insights you need to decide if a bookkeeper is right for your business.
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lily56904
- Mar 27
- 2 min
Tax Allowances You Should Know About
Wednesday 27th March 2024 TAX-FREE PERSONAL ALLOWANCE The standard Personal Allowance is £12,570, which is the amount of income you do...
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Pro Tax Plus Accountants
- Mar 1
- 2 min
Navigating Finances: When Is The Right Time for a Small Business To Hire an Accountant?
Running a small business involves wearing multiple hats, from managing operations to engaging with clients. As your business grows, so do...
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Komal Kaur
- Mar 18, 2022
- 1 min
Government announces plans for largest ever R&D budget
The £39.8 billion Research & Development (R&D) Tax Credits budget for 2022-2025 will help deliver the government's Innovation Strategy...
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Pro Tax Plus Accountants
- Feb 21, 2022
- 2 min
Businesses need to file digitally through Making Tax Digital from April 2022, regardless of turnover
Businesses need to take steps now, before it becomes mandatory for all VAT-registered businesses from 1 April this year. This new law...
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Pro Tax Plus Accountants
- Feb 18, 2022
- 1 min
Our Proactive Services For Growing Businesses
The best thing about our proactive accounting services is that we go through your whole business and understand how it operates. We make...
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Pro Tax Plus Accountants
- Feb 16, 2022
- 1 min
We're not just some 'Average' Accountants...
At Pro Tax Plus, we are proactive in our approach, which means that we focus on more than just your bookkeeping and tax submissions. We...
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Pro Tax Plus Accountants
- Dec 30, 2020
- 6 min
Unpaid tax bills: Easing the burden
This article explores the options available for those struggling to pay their tax bills. The Covid-19 pandemic has caused financial...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 3 min
Take advantage of the Annual Investment Allowance
The annual investment allowance (AIA) allows businesses to obtain an immediate deduction against profits for capital expenditure up to...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
Give away £3,000 IHT-free each year.
There are various exemptions for inheritance tax purposes which enable a person to make tax-free gifts. One of the more useful is the...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 3 min
Getting ready for MTD for VAT
The start date for Making Tax Digital (MTD) for VAT is fast approaching – from the start of your first VAT accounting period beginning on...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
Subsistence expenses – using the benchmark scale rate
The option to pay employees flat rate subsistence expenses tax-free can be an attractive one; the employees are clear on what expenses...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 3 min
Residence nil rate band
Residence NIL Rate Band and downsizing The residence nil rate band (RNRB) is an additional nil rate band, which is available where a...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 3 min
Tax-free Christmas parties
Tax-free Christmas parties Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
VAT capital goods scheme
The VAT capital goods scheme affects input tax recovery in relation to high value capital assets by partially exempt traders and...
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