Recently myself & Mike Waterfield attended Xerocon 2019 at the ExCeL arena in London. Xerocon was an amazing experience, full of product announcements, App demonstrations and glimpses into how artificial intelligence (AI) and computer learning will change our approach to bookkeeping and accounting. Xero can be connected to over 800 Apps. The leading Apps were… Continue reading XeroCon 2019
Big benefits are coming from 6th April 2020 for company car drivers choosing a pure electric vehicle – there will be NO benefit in kind and so NO income tax on the car or fuel to pay in 2020/21 ! This is as a result of the changes to company car tax rates announced for… Continue reading Time to switch to an Electric Company Car ?
If you are thinking of buying a house, Stamp Duty Land Tax (SDLT) could be one of the major costs that you need to consider. However it is not always payable on all properties or for all buyers. For example, did you know that there are different rules if you are buying your first home… Continue reading Stamp Duty Land Tax
This year we have chosen to support the local charity Bodie Hodges Foundation. Following the death of 10 month old Bodie, the Bodie Hodges Foundation was formed in 2012. The charity supports families who have been bereaved of a child and also promotes organ donation. They work with local hospices and the NHS to ensure… Continue reading Torr Waterfield Charity of the Year – Bodie Hodges Foundation
The countdown continues! As things stand, the UK will no longer be a member of the EU at some point in the near future. This means that UK businesses that have only traded inside the EU may need to follow the same procedures used for trading outside the EU. In order to keep imports up… Continue reading UK-EU border changes and how this may affect the importing of goods
If you have a job when you’re a student you may need to pay Income Tax and National Insurance. You have to pay: Income Tax if you earn more than £958 a month on average - this is your Personal AllowanceNational Insurance if you earn more than £157 a week Your employer will usually deduct Income Tax and… Continue reading Have you been taxed for your vacation job? If you’re a Student, you will more than likely be able to claim the tax back.
Having quality management accounts can be beneficial to your business as they can help you to grow by making it more efficient and hopefully more profitable. Management accounts are a set of detailed accounts prepared to illustrate the company’s performance. The goals of the accounts are to provide key financial information which will help with… Continue reading Would your business benefit from monthly or quarterly management accounts?