What Is Split Year Treatment When Leaving or Arriving in the UK?
https://youtube.com/watch?v=jgaIABN2Udo What Is Split Year Treatment When Leaving or Arriving in the UK? UK tax residence is normally determined for a complete tax year. The UK tax year runs from 6 April to 5 April, and the Statutory Residence Test determines whether you are UK resident or non-UK resident for that year. But what happens […]
Childcare and Child Benefit: How the £100,000 and £60,000 Income Limits Work
https://youtube.com/watch?v=DruVEv-9_8Q Childcare and Child Benefit: How the £100,000 and £60,000 Income Limits Work There are two income limits that regularly cause confusion for parents. One relates to Free Childcare for Working Parents and Tax-Free Childcare. The other relates to Child Benefit. They are completely different limits and they work in different ways. For the 2026/27 […]
Do I Charge VAT When Selling Services to Overseas Customers?
https://youtube.com/watch?v=tBlxzK6ZrmY Do I Charge VAT When Selling Services to Overseas Customers? Selling services to customers outside the UK can create some surprisingly complicated VAT questions. If you’re a UK VAT-registered business, you might assume that because you’re based in the UK you simply charge UK VAT on everything you sell. That isn’t necessarily the case. […]
Can I Reclaim VAT on a Car Bought on PCP?
https://youtube.com/watch?v=vXh5TRJiH-s Can I Reclaim VAT on a Car Bought on PCP? VAT on cars is one of those areas where the rules are more restrictive than many business owners expect. The fact that VAT appears on a vehicle invoice does not automatically mean that a VAT-registered business can reclaim it. For most cars, the VAT […]
What Should a Good Finance Director Be Looking At Apart From the Numbers?
https://youtube.com/watch?v=YQ-b6FJEBEM What Should a Good Finance Director Be Looking At Apart From the Numbers? When people think about the role of a Finance Director, they often think mainly about the numbers. Profit and loss. Cash flow. Budgets. Forecasts. Management accounts. All of those are important. But in my experience, a good Finance Director should be […]
Why Good Bookkeeping Matters More Than Most Business Owners Think
https://youtube.com/watch?v=_z8b6aSe_cY Why Good Bookkeeping Matters More Than Most Business Owners Think Bookkeeping is one of those things that many business owners underestimate. It can feel administrative. Routine. Something that can be tidied up later. But the truth is that bookkeeping is the foundation of almost everything else in your accounts and tax affairs. If the […]
Can You Rely on AI for Accounting and Tax Advice?
https://youtube.com/shorts/pA7TdK9mNh4 Can You Rely on AI for Accounting and Tax Advice? AI is becoming part of everyday business life. I use it myself, and I think it can be extremely useful. But over the last couple of months, we’ve had several examples where clients have taken accounts, accounting queries or tax advice we’ve sent them, […]
Stop Sweating the Small Stuff: What Business Expenses Should You Really Be Claiming?
https://youtube.com/embed/QxW0xCbX0bg Stop Sweating the Small Stuff: What Business Expenses Should You Really Be Claiming? One thing I’ve never really understood is why some business owners spend so much time trying to claim tiny personal expenses through their company. A £4 coffee. A sandwich on the way to work. Lunch because you’ve gone into the office […]
Which Numbers Should I Look at in My Management Accounts?
https://youtube.com/shorts/lH4r9jcK55c Which Numbers Should I Look at in My Management Accounts? We prepare monthly management accounts for a number of our business clients. And something I’ve noticed over the years is that even some very successful business owners struggle to understand a traditional set of accounts. There’s nothing unusual about that. You didn’t start your […]
Which VAT Scheme Should I Use for My Business?
https://youtube.com/embed/F6ebhRMF654 Which VAT Scheme Should I Use for My Business? VAT can be confusing, particularly when you first register. One reason is that there isn’t just one way of accounting for VAT. There are several VAT schemes available, but for many small businesses the three you’re most likely to come across are: Standard VAT accounting, […]
