VAT myths

The client is adamant that their car dealer has advised them that VAT incurred on the purchase of an electric car is recoverable in full. ❌  Myth! An electric car is no different to a car that runs on any other fuel; input tax is blocked from recovery unless the car meets one of the exception…

MTD software

We are glad to announce we have the highest level Quickbooks Advanced Certification which makes us pro advisors. In conjunction with Receipt Bank, it makes the transition to Making Tax Digital an option for all clients no matter their location (broadband connection willing) The software works in conjunction with all leading online software packages: Quickbooks,…

Capital Gains Tax

Capital Gains Tax is a tax on the profit when you sell or dispose of something an ‘asset’ that’s increased in value after the available basic rate allowances and capital gains exemption. You will have to factor in other income you received such as employed earnings. It’s the gain you make that’s taxed, not the…

Making Tax Digital

Come 01 April 2019 all clients submitting vat returns will have to complete via online filing software. The process should be simple and we have partner programs with Quickbooks, Xero, and Sage with reduced rates for clients. We are offering a deal till 31 March 2019 of £6.99 per month then £12.99 per month. Clients…