Accountants Southfields

What Businesses Want from the Budget 2017

Posted by on March 6, 2017 at 11:37 am

Most of the businesses feel that the government must work in partnership with businesses to prioritise stability as Britain starts Brexit talks as per the Confederation of British Industry. “By supporting businesses to invest, the government can promote growth at a critical time for the UK economy as we enter into EU exit negotiations,” says […]

A Tax efficient way to Reimburse Expenses incurred on Meals-

Posted by on April 5, 2013 at 10:56 am

If you employ staff who are on the move on a regular basis, you could reimburse them the cost of their meals while they’re out and about. But you have another option, where you could pay them a tax and NI-free allowance in exchange for them taking a little less in pay. This will be […]

Essentials on the New Annual Investment Allowance

Posted by on March 15, 2013 at 10:47 am

The new rules on the annual investment allowance apply differently to different businesses. The Chancellor’s announcement that the AIA, which allows a 100% tax deduction for expenditure on equipment for the accounting period of purchase, was to be raised to £250,000 from 01 January 2013. But the transition from the previous £25,000 limit always looked […]

Reporting Financial Performance

Posted by on October 5, 2012 at 3:46 pm

Over recent years, there have been a few Answers to certain disclosures within the financial statements such as when ‘exceptional items’ are encountered and there is uncertainty as to how to disclose these. The standard, which controls the way by which the financial performance is reported, is that of FRS 3 Reporting Financial Performance. The […]

Small Business Accountants in Fulham

Posted by on September 7, 2012 at 10:34 am

Running a small business is never an easy task. Starting a small business is even worse. Apart from capital input, you also need to deal with a lot of regulations as well as endless administrative tasks. When you take all this into account, almost for the first three or four months you will be doing […]

Get to Know the Benefits from Tax Credits

Posted by on March 9, 2012 at 10:31 am

There are different benefits for people who work less than 16 hours a week and for people who work 16 hours or more. How will the tax credit be calculated based on hours or work? If you have more than one job, you should add the hours from both jobs together.However, if the number of […]

Grants for Starting a Business

Posted by on January 18, 2012 at 3:24 pm

As a small business owner, maintaining a solid cash flow to run day to day operations is quite a challenge. Thus, for small business  and start up businesses, money is the biggest stumble block. Small business owners always wonder who is going to help them in terms of cash to run the business. Apart from […]

Treatment for Depreciation of Fixed Assets When Preparing Year End Accounts

Posted by on December 16, 2011 at 5:44 pm

The provision for depreciation is an accounting and tax term used to describe the calculation of the physical decline of fixed assets of businesses. Most fixed assets such as plants, equipment, furniture and vehicles decline in value over time as they are used and as they age. Hence, one needs to take into account the […]

Business Plan Template for Start Up Businesses

Posted by on December 2, 2011 at 5:05 pm

It is essential to have a realistic, working business plan when you’re starting up a business to make sure the business growth is sustained over a long period of time.The task of making a business plan will be much easire if you have a business plan template ready. A business plan can be defined as […]