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Business Advice

Keep up-to-date with accountancy news

HMRC changes is guidance on Twin-Cab Pickups

In an announcement made on 19th February, the Government confirmed that twin-cab pickup vehicles with payloads of 1 tonne or more will continue to be treated as goods vehicles for both capital allowances and benefit-in-kind purposes. On 12th February, HM Revenue & Customs (HMRC) had updated its guidance on the…

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Payroll Updates

In this ‘Insight’ we take a look at changes to the National Living Wage and National Insurance that come into effect in 2024. Are you getting National Living Wage payments right? Recently, the Government named and shamed 524 businesses for failing to pay the minimum wage to their staff. These…

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Sole Trader vs Limited Company

Exploring the tax implications of trading as a Sole Trader against registering as a Limited Company When starting a business, or indeed as an established business, choosing the most suitable legal structure for your business is an important thing to consider. Two popular options are operating as a sole trader…

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Companies House fees to increase

Companies House have reviewed the fees they charge and have released details of the new charges that will apply from 1st May 2024. Companies House work on a cost recovery basis, so the fees are set to cover their costs rather than to make a profit. Due to the measures…

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Tax Refund and QR Code Scams

In our ‘Insight’ on 16th February, we highlighted some advice from HMRC and the National Cyber Security Centre on Tax Scams and using online services. This week, we look into their warnings regarding tax refund scams and the use of QR Codes to phish for business information. HMRC warns about…

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Holiday Lets Being Assessed for Business Rates

Some self-catering holiday let owners are being asked to provide trade information The Valuation Office Agency (VOA) is contacting the owners of some self-catering holiday lets. The lets in question are ones that are currently being assessed for business rates. The VOA are looking for additional information about the income…

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Protecting Yourself from Scams

With the rise in scams hot in the news recently, we take a look at guidance from HMRC and the National Cyber Security Centre on what to look out for to help protect yourself and your business from scammers. How to recognise tax scam phone calls, emails and text messages…

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Year-End Tax Planning

Maximising benefits for your business We are now within the final two months of the tax year, and for many businesses, the end of the tax year is also the end of the business’s financial year. This can be a good time to review your business tax planning to ensure…

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Strategies for Business Growth

Unlocking the value of your business Cornwall Insight predicts a decrease in domestic energy prices this April, potentially followed by a Summer dip. This welcome news could ease inflation, a major contributor to the UK’s economic woes. Lower energy costs might lead to reduced interest rates, fostering a more optimistic…

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Hidden Pension Benefits for Grandparents and Relatives

Unlock an extra £3,600 in State Pension Did you know grandparents, aunts, uncles and other family members can claim extra National Insurance (NI) credits for helping care for children? These credits can add up to £3,600 per year on your state pension! Who qualifies? Parents who don’t live with the…

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