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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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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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
- Dec 28, 2020
- 2 min
Christmas gifting without the IHT sting
Ho ho ho…Christmas gifting, this article explains which gifts should be free from inheritance tax consequences this Christmas....
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Pro Tax Plus Accountants
- Mar 21, 2020
- 1 min
Support for businesses through the Coronavirus Business Interruption Loan Scheme
Support for businesses through the Coronavirus Business Interruption Loan Scheme A new temporary Coronavirus Business Interruption Loan...
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Pro Tax Plus Accountants
- Mar 21, 2020
- 1 min
VAT payments deferral - Corona Covid-19 Update
VAT For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. Eligibility All UK businesses are eligible. How to access the...
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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
- 2 min
Savings income – how is it taxed?
The taxation of savings income can be complicated as there are various allowances and rates that come into play. However, most people are...
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Pro Tax Plus Accountants
- Dec 25, 2019
- 3 min
Inheritance tax – making tax-free gifts
There are various exemptions, and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax-free...
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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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Pro Tax Plus Accountants
- Dec 25, 2019
- 2 min
Rewarding staff suggestions in a tax-free manner
Many organisations operate a staff suggestion scheme and reward employees where a suggestion is adopted which will benefit the...
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