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For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which is simply the business mileage for the year multiplied by the approved rate (which for cars and vans is set at 45p per mile for the first 10,000 business miles in
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Our motto is to provide Excellent Client Service, regardless of the business size and fee, once they are in our Client Books. And the hard work is gradually paying off. Having been nominated multiple times under the Client Service Firm category of Accounting Excellence Awards, we are so pleased to be featured in today’s AccountingWEB
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As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth making pension contributions before 6 April 2024. Remember, any annual allowances brought forward from 2020/21will be lost if not used by this date. The amount of tax-relieved contributions that can
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As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the profits extracted so far in the tax year and to consider whether it is beneficial to take further profits before the end of the tax year. There are various ways
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We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and in the future. Artificial Intelligence is constantly evolving, but it generally involves machines using statistics to find patterns in large amounts of data, perform repetitive data tasks without the need for human
Learn MoreThe accounting field is rapidly evolving alongside technology. Contractors today operate in a digital-first business environment that demands new skills and agility from financial professionals. As tools like online invoicing, expense tracking apps, and cloud-based accounting software become standard practices, contractors must adapt their financial literacy. Whether you are a seasoned entrepreneur or new to
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