Employees of a business (including directors and owners) must keep records of business mileage, claiming HMRC's Approved Mileage Allowance Payments (AMAP's). Supporting evidence must be maintained to support any payment in respect of AMAP's. Trip Catcher captures business journeys as you make them and as it integrates seamlessly with both Xero and Receiptbank gives you comfort that your business mileage claims are correct.
If you are undertaking a project, that is bespoke within your industry, there is a chance that you don’t even know that your expenditure may qualify for Corporation Tax relief! Qualifying Research & Development expenditure as defined by HM Revenue & Customs as “Work that qualifies for R&D relief must be part of a specific project to make an advance in science or technology. It can’t be an advance within a social science like economics or a theoretical field like pure math.”
If you’ve not set a budget for your agency before, or if you have but you want to check that it’s realistic and is actually going to help your agency successfully grow, then this post is aimed at you. Building a budget is like building a three-dimensional Sudoku puzzle, there are so many moving parts that all need to fit together to make sense. In this blog, we have focused on building a profit and loss budget.
The Chancellor's 2019 Spring Statement gave the government the opportunity to consider the longer-term fiscal challenges ahead of Brexit, and initiate consultations on how these can be addressed. Following this, we have put together a PDF which provides an overview of the updated forecasts for the UK economy and public finances, which we trust you will find useful.
Xerocon is an exciting annual conference run by Xero for its accounting partners and the Xero app community. It is an inspiring event where we get the chance to learn not only what is in the pipeline for Xero, but we also get to hear from some amazing people about the landscape for small businesses and what we can and should be doing to support you.
The Chancellor's 2018 Autumn Budget contained some important announcements and confirmed a number of changes planned for the new tax year. Following this, we have put together a PDF which contains the latest tax and financial information, which we trust you will find useful. For more information on how the changes may affect you, please contact us.
Here’s my top 10 tax-free benefits that all small business owners should know about. No PAYE or NI liability for the employee or employer – what’s not to like?
Our weekly round-up of essential reading for those running and working in Owner Managed Business, Creative agencies and Estate Agencies. Business reacts to interest rate rise. The interest rate rise of 0.25% has received a mixed response from business with some areas welcoming the increase as a measure to rising prices, others concerned on the impact on the economy which remains sluggish because of Brexit uncertainty.
Our weekly round-up of essential reading for those running and working in an Owner Managed Business, Creative agency or Estate Agency.Cash is just grief. This article in the Guardian talks about the trend in the retail and hospitality industry to move away from cash. Fintech companies such as iZettle enable businesses to take card payments without the long contracts and high fees that the more established ‘merchant services’ providers have previously historically insisted on.