by Hannah Adams | Sep 10, 2020 | Blog, Limited company, Small business
A company can be struck off or dissolved for several reasons, either voluntary or compulsory. This leaves the question – what happens to company assets when a limited company is closed down? The answer depends on the type of assets a company owns, and whether it has... 
by Hannah Adams | Sep 3, 2020 | Blog, Limited company, Small business, trivial benefits
Back in 2016 the HMRC announced a measure to allow businesses to give gifts (trivial benefits) to their employees without being taxed on them. Receiving a gift from your employer is a great feeling for an employee, but in the workplace – and we hate to be the... 
by Hannah Adams | Aug 26, 2020 | Blog, Limited company, Small business
Considering the current and expected economic turmoil, alongside the end of Government support packages, you might be one of many owners and directors considering ways to close down your limited company. During the early phase of the COVID-19 pandemic, many small... 
by Hannah Adams | Aug 3, 2020 | Blog, SEISS, Self Assessment, Small business, Sole Trader
Back in May we talked about the first round of support for self employed business owners, known as the ‘Self Employed Income Support Scheme Grant’ (SEISS), and talked you through how to submit a claim for the grants available from the UK Government. This... 
by Hannah Adams | Jul 10, 2020 | Accountant, Blog, cloud accounting, cloud software, Limited company, Small business
Amid the COVID-19 pandemic, one thing you might have missed is the new features that have been added to Xero. Announced relatively quietly, with some still in the pilot testing stage, these key features are especially useful for businesses paying more attention to... 
by Hannah Adams | Jul 3, 2020 | Blog, Self Assessment, Tax
If you’re one of the many thousands of employees who’ve had to work from home during the COVID-19 lockdown – either because your normal workplace is closed as a result of Government lockdown measures, you’ve been told to self-isolate or you’ve been asked to by... 
by Hannah Adams | Jun 18, 2020 | Blog, Limited company, Small business, Tax, tax deductible
With many more people working from home due to the COVID-19 pandemic, and the number of remote workers only set to rise, some will inevitably need to convert home space into an office. Working from the kitchen table might be ok as a temporary solution, but if you’ve... 
by Simon Adams | Jun 12, 2020 | Accountant, Blog, Bookkeeping
Although it’s only 3 months since we decided to close our office, it feels like years! We’re now putting plans in place to open it up again. Thankfully, we’ve been able to adapt and continue trading through these turbulent times. And we still have plans to add to our... 
by Hannah Adams | Jun 8, 2020 | Blog, Limited company, Small business
Since the lock-down began and the furlough scheme was put in place, we’ve processed more than 90 claims, with more going in every week. Now we’ve gotten to know the ins and outs of the scheme, what better time to explain it in a bit more detail? What is the... 
by Tom Goosey | May 21, 2020 | Blog, SEISS, Self Assessment, Small business, Sole Trader
If you’re self-employed, the last couple of months might have left you feeling uncertain and concerned for the future of your business. Perhaps you’ve been able to continue trading safely through the lockdown period, but projects may have been put on hold or even... 