Knowledge Keep up to date with the latest in accounting amendments & requirements

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Welcome to our Knowledge Base

Here you will find lots of useful information relating to HMRC guidelines and the latest in guidance.

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Tax relief for uniforms and protective clothing

Tax relief for uniforms and protective clothing

Employers providing uniforms or protective clothing to employees need to understand the tax and National Insurance rules that apply. The treatment depends on whether the clothing is required for the

What is a reasonable excuse for missing a tax deadline?

What is a reasonable excuse for missing a tax deadline?

Missing a tax deadline can result in penalties from HMRC, but a taxpayer may be able to appeal if they have a genuine reasonable excuse. Whether an excuse is accepted depends on the individual facts

Recovering VAT on pre-registration costs

Recovering VAT on pre registration costs

Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services purchased before VAT registration.

There are specific time limits for claiming pre-registration VAT.

Are your employment policies ready for workplace reforms?

Are your employment policies ready for workplace reforms?

Employment law continues to evolve, and businesses should keep a close eye on forthcoming changes that may affect the way they recruit, manage and retain staff. Although many of the proposed reforms

Could your business survive a cyberattack?

Could your business survive a cyberattack?

Cybercrime is no longer a problem that only affects large organisations. Increasingly, small and medium-sized businesses are becoming targets because criminals often see them as having weaker security

All online harassment is unacceptable, in any context

All online harassment is unacceptable, in any context

A recent ruling has determined that targeting individuals online, even on a private group chat, can lead to a loss of employment. A Mr. Y was employed by the Royal Mail as a delivery driver with an

When to register for Corporation Tax

When to register for Corporation Tax

Companies and other organisations that are liable for Corporation Tax must ensure they register with HMRC at the correct time. Failing to register when required could result in missed filing

Benefits of SEIS and EIS Advance Assurance

Benefits of SEIS and EIS Advance Assurance

Businesses seeking investment through the Seed Enterprise Investment Scheme (SEIS) or Enterprise Investment Scheme (EIS) can benefit from obtaining advance assurance from HMRC before approaching

Official rate of interest for beneficial loans

Official rate of interest for beneficial loans

Employers providing loans to employees or directors need to ensure they correctly calculate any taxable benefit using HMRC’s official rate of interest. Where a loan is provided at no interest or at a

Incorporation Relief may reduce your CGT bill

Incorporation Relief may reduce your CGT bill

When a sole trader or partnership transfers a business to a limited company, a chargeable gain may arise. This is usually calculated by comparing the market value of the business assets at the date of

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