Entertainment expenses are not usually tax deductible for businesses in the UK. This means that you cannot claim tax relief for these expenses to reduce your tax bill, and you cannot claim the VAT back on expenditure either. However, there are circumstances that are not quite so clear cut. Taxation and VAT are complex systems…
Read all about our founder and director, Joanne Bell, who recently won Kent Business Woman of the Year 2019.
If you are a VAT-registered UK business, you will be all too aware that Making Tax Digital came into play for VAT periods that began on the 1st April 2019. This is intended to be an overhaul of the tax and VAT system, making administration more effective, more efficient and easier for taxpayers. And it definitely…
Making Tax Digital (MTD) is a new initiative from HM Revenue & Customs (HMRC), intended to make it easier for individuals and businesses to keep on top of their taxes and submit information. It is part of HMRC’s plans to become more digitally advanced – “one of the most digitally advanced tax administrations in the…
We are delighted that our Managing Director, Joanne Bell, has been announced as a finalist at the Kent Women in Business Awards 2019. Jo has been entered into the Leadership and Management category, a great achievement that we are all proud of here at Bells Accountants. This is the sixth year that the Kent Women…
There are few headlines that pop up consistently in the media, almost on a daily basis. Brexit is one topic, while the other is the Budget and this one saw quite a bit of build-up again this year. The time finally arrived, earlier than usual and rather notably on a Monday no less, when the…
Did we really say paper? Does anyone use that anymore? You would actually be surprised! We come across a still staggering number of companies which use paper for many of their processes, increasing their risk of something going wrong. This is why we are focusing on securing your systems this month, aiming to get more…
It is coming up to that time of year when you need to start thinking about your self-assessment tax return for the tax year 6 April 2017 to 5 April 2018. There are a few options available to you if you file a self-assessment with the HMRC, whether you do it yourself or have your…
The national minimum wage, and the living wage, have been important components of ensuring that staff receive reasonable compensation for the work that they do. The national minimum wage first came into force in April 1999 with the National Minimum Wage Act of 1998. The national living wage was introduced in 2016, in response to…
VAT or Value Added Tax. An often mind-boggling area of tax for most organisations whether you are self-employed, run a business, or manage a charity. In this month’s article we break it down and simplify it with the headlines that every business owner and manager needs to know. Who does VAT apply to? VAT applies…