Xero Pointer #8- Finances at your fingertips with ‘Xero Touch’

March 31, 2016 | by Sian Kelly | No comments

Hosting your accounts in the cloud comes with the benefit of being able to track your finances from any PC, laptop or tablet with an internet connection. And for ultimate convenience, you can use your mobile phone too - via Xeros official mobile app, Xero Touch.

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Business premises renovation allowance (BPRA)

March 29, 2016 | by Sian Kelly | No comments

 

Business premises renovation allowance (BPRA) was introduced as an incentive to encourage businesses to bring derelict or unused business properties in disadvantaged areas back into use. The allowance takes the form of a 100% capital allowance for certain expenditure incurred in the renovation or conversion of a qualifying property into qualifying business premises.

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National Living Wage- What you need to know

March 29, 2016 | by Sian Kelly | No comments

 

The new National Living Wage (NLW) comes into effect on April 1st 2016.  To ensure you’re completely compliant we take a look at legislation and how to manage the changes.

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Make life a little easier - with the Inform Accounting app

March 22, 2016 | by Sian Kelly | No comments

From Xero to Receipt Bank to Vend, we do love a good accounting app. Indeed, anything that puts financial control at your fingertips sounds like a good idea to us!

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Mileage allowance relief

March 22, 2016 | by Sian Kelly | No comments

 Many employees use their own car for work. If their employee does not pay a mileage allowance, or pays an allowance which is below the tax-free rates allowed by HMRC, the employee may be able to claim tax relief.

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Receipt Bank Gold Partner

March 18, 2016 | by Sian Kelly | No comments

Some great news for us (and ultimately, for you too) – Inform Accounting has just become a Receipt Bank Gold Partner!

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Tax relief for pension contributions

March 15, 2016 | by Sian Kelly | No comments

Paying into a pension can be tax-efficient. Although there are no limits on the amount that you can invest in a pension, there are limits on the amount of tax relief which is available. Further, to benefit from the tax relief, the contributions must be paid into a registered pension scheme.

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Starting a successful business

March 11, 2016 | by Sian Kelly | No comments

For any new start-up business, the statistics are ever such a little bit daunting. Most start-up businesses ultimately fall by the wayside, with more than half of start-ups (in the UK, at least) failing within the first five years. 

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Reclaiming section 455 tax

March 11, 2016 | by Sian Kelly | No comments

In family and personal companies, directors may lend money to the company and they may also borrow from the company. Where the company director borrows from the company, a record of the amount borrowed is kept in the form of a `director’s loan account’. The loan balance may be cleared by crediting dividends or salary to the account or by the director repaying money borrowed back to the company.

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Second homes – buy now to avoid SDLT supplement

March 08, 2016 | by Sian Kelly | No comments

 

One of the Chancellor’s shock announcements of the 2015 Autumn Statement was that a new 3% SDLT supplement would apply for second residential properties. The supplement comes into effect from 1 April 2016.

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TAX PLANNING UPDATES MARCH 16

March 04, 2016 | by Sian Kelly | No comments

Inform Accounting keeping you up to date with all the latest tax issues.

DON’T LOSE YOUR PERSONAL ALLOWANCE

For every £2 that your adjusted net income exceeds £100,000, the £10,600 personal allowance is reduced by £1. Pension contributions and Gift Aid can help to reduce adjusted net income and save tax at an effective rate of 60%.

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How creative agencies can move to a value-based pricing model

March 01, 2016 | by Sian Kelly | No comments

Working in a creative agency, youve probably wondered on more than one occasion if youre charging your clients enough. But the more pertinent question might be, are you charging them in the right way?

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Income tax relief for trading losses

March 01, 2016 | by Sian Kelly | No comments

 

Where an unincorporated business, such as a sole trader, suffers a trading loss, there are various ways in which that loss can be relieved. The optimal strategy will depend on the individual’s circumstances.

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