Landlords, are you maximising your profits?

We’ve noticed that some landlords forget that they actually run a business, particularly if they only have one other property and receive a reasonable stream of monthly rental. However, just like any business, there are claims you can make that will maximise your tax position and maximise your after tax profits. We are going to review these in this article. The bottom line is simple, you are…

Cryptoassets – what are they and what are the tax implications?

Many ordinary people and businesses, and by that we mean people who don’t usually engage in financial trading, have tried their hand at investing in crypto currencies. Some have fared well, but many over the past year have suffered significant losses, due to recent crashes in this space. As with any traded asset one may make a financial gain or a loss, but the question arises as to how one…

Thinking about selling your business? Here’s how we can help

There comes a time with any business, large or small, when the owners decide they want to move on and sell their business. There can be many reasons for this, often it’s because they want to retire or maybe because they have just had enough and want to reap the benefits by selling on the business. There’s a well worn path to follow when selling a business, a process Tax Agility has been part of…

Super deductions – how to maximise your business’s tax efficiency

Most business owners understand that it is important to ‘capitalise’ certain company assets. These ‘fixed assets’ can be used to reduce your corporation tax bill. However in April 2021, the Government increased the usual 100% deduction to 130% until April 2023. Read on to find out how you could benefit from this increase. What is a super deduction? Over the years, successive governments try…

Working from home and claiming tax relief on expenses

As more of us are now working from home, more often, because of the recent impact has had on businesses and attitudes concerning the practice of working from home, how can employees be reimbursed for the extra expenses they incur working from home, and what exactly can they claim for? It comes as no surprise to find that many of us have had to work from home over the past couple of years. While…

Is it worth buying an electric company car?

With petrol prices at levels not seen before, even during previous oil and global crises, it comes as no surprise that the economics of owning and buying an electric car are improving. But are there any other HMRC incentives that may ease the costs of purchase that individuals and company employees can consider in their calculations? It turns out that there are. While this article will focus on…

Managing your business finance for success

Every business exists to make money and grow, and one of the essential ways is through good financial management. Getting your business finance in order through good budgeting, accurate cash flow analysis and effective use of management accounting all share a single objective, which is to improve your business efficiency. When your business is efficient, it can convert all the available…

How to find a good accountant in London

If you hadn’t noticed, the business landscape has fundamentally changed and the part your accountant plays in helping you cope is essential to this. Finding a London accountant that thinks about your business and how to improve it, as opposed to just crunching your numbers and filling VAT and tax  returns, should be a high priority for your business. After all, it’s another resource your obliged…

Thinking about exiting your business? Here’s what you need to know?

There comes a time with many businesses, especially those that are owner / managed, where the owner thinks about exiting. In this article we will explore some of the ways this can be achieved. Some family businesses may be in the fortunate position to be able to pass down the business ownership / management to a younger family member. This way the business continues and there’s a chance that…

Accountancy services for schools and educational establishments

A suite of accountancy and advisory services aimed specifically at schools, academies, and other educational organisationsRunning the finances of a school, academy, college, pre-school or daycare requires a combination of specialist accountancy expertise and a solid experienced business practise, whether your establishment is for or not-for profit. Learn more below as to how a specialist…