‘Tis the season to be jolly, fa la la la la, la la la la

January is depressing enough without finding out that the money you spent on presents for your valued customers and suppliers will not be an allowable expense when it come to your tax return. A gift is something you offer voluntarily and without any expectation of a return. ...

Money Laundering… Yes, it really is washed and dried!

On the 19th April 1973, a journalist for The Guardian newspaper wrote “Suitcases stuffed with 200,000 dollars of Republican campaign funds; money being ‘laundered’ in Mexico.”  This was the first ever use of the term to ‘launder money.’  Who would have thought that...

Should l I stay or should I go now…?

Did you know that the world’s largest beach ball was made in London, had a diameter of 20m and was carried down the Thames on a barge to promote the new Baywatch movie in 2017?  I have always been excited at this time of year as the lure of summer holidays and beach...

A Slice of Caution! Cryptocurrency and Pizza…

I think it would be fair to say that many of us wondered about the values of bitcoin and cryptocurrencies when they first came to light.  Is it a fad?  Is it a safe investment?  Does it really exist or is it all a big scam? To clarify, a cryptocurrency is a form of...

Beware of the words “We can save you Tax.”

So, when you sign up with an accountant one of the first things you hope for is that they can save you tax.  Let’s face it, no-one likes paying tax and everyone expects us accountants to be able to ‘sort it’ so that they can pay less tax.  And, whilst this is absolutely...

Time for a change?

Christmas is a time for festive cheer, but the traditional break from work also provides an opportunity for reflection on the year passed and planning for the year to come.  As well as moving house and booking a holiday (or staycation), a lot of us will be thinking about changing...

VIRTUALLY Ho Ho Ho!

A lot of clients would normally be asking for advice right now to make sure that they throw a great party without ending up with a tax hangover.  Everyone is having to be a little more imaginative this year, but it is important to know that, whilst the way we celebrate might have...

Are we there yet?

In Ancient Rome, there were people specially “trained” to practice a form of prophecy called haruspicy.  This involved inspecting animal innards to make predictions.  And it wasn’t just the Romans that thought this was a good idea, there are accounts of this practice continuing...

“Better three hours too soon than a minute too late.”

So wrote William Shakespeare over 400 years ago but this could easily have been said by HMRC in 2020. One of the most frequent question we are asked is when a tax bill needs to be paid.  It is important to get right as the fines for late payment can be eye watering. A few of the...

Whose money is it anyway?

If you are a sole trader or a partnership, the money in your business bank account belongs to you.  Of course, you still have people that you owe money to – like HMRC and your suppliers, who will expect you to pay them first.  If you’re in a partnership, you might want to square...