top of page
The powers of HMRC's debt collection department | Outsourced Financial | Outsourced Bookkeeping Services
HM Treasury's recent 'Policy Costing Document' published to accompany 2024 Autumn Budget contained two sentences which appear to have...
Sep 53 min read
VAT reclaim – When things don't go to plan | Outsourced Financial | Outsourced Bookkeeping Services
Even the best laid plans are liable to change. The 'payback and clawback rules' for VAT reflect this reality. These rules only relate to...
Sep 53 min read
Directors’ loan accounts – The 30-day rule | Outsourced Financial | Outsourced Bookkeeping Services
Interest rates are coming down, but HMRC's official rate of interest (ORI) for employee loans has increased to 3.75% per annum (6 April...
Sep 53 min read
Major repairs to a let property – What is deductible? | Outsourced Financial | Outsourced Bookkeeping Services
The nature of buildings is such that it may be necessary to undertake significant repairs, such as the replacement of the roof, or even...
Sep 52 min read
Passing on the farmhouse – Implications of the changes to APR and BPR | Outsourced Financial | Outsourced Bookkeeping Services
Currently, there is no limit on the amount of qualifying agricultural and business property that can benefit from the 100% rates of...
Sep 52 min read
Tax implications of letting a room in your home | Outsourced Financial | Outsourced Bookkeeping Services
As the cost of living rises, you may consider letting a room in your home to bring in some much-needed additional income. This can be tax...
Sep 52 min read
Checking your tax code | Outsourced Financial | Outsourced Bookkeeping Services
The tax code is fundamental to the operation of PAYE. An employee’s tax code provides the employer with the information needed to deduct...
Sep 53 min read
Paying sufficient salary to get a qualifying year for state pension purposes | Outsourced Financial | Outsourced Bookkeeping Services
There are various ways in which profits can be extracted from a personal or family company. A popular and tax-efficient extraction...
Sep 52 min read
Information that must be included on a VAT invoice | Outsourced Financial | Outsourced Bookkeeping Services
A VAT invoice is an invoice that contains information required by the VAT regulations. A VAT invoice can only be issued by a business...
Sep 53 min read
bottom of page