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January 9, 2019

Accountants in Bournemouth

Renowned since a decade in the UK, we are a well-respected and distinguished firm of ACAs and Chartered Accountants (CA) in Bournemouth providing a numerous variety of services to businesses and contractors/freelancers. Through our Bournemouth office, we have established a various range of contacts which encloses professional and commercial businesses. As Bournemouth Accountants, our team […]

December 28, 2018

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Claim Your Office New Year Party as a Business Expense

Planning for your office New Year party? Many things must be in your mind on what to arrange for in the New Year party—food, drinks, and dance floor. Well, have you made up the office staff list in attendance? That’s a good approach to start with. After all, planning for food and drink items entails […]

December 24, 2018

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Tax Implications on Christmas Gift for Customers and Staff

Do you know customer and staff Christmas gifts which comes into the category of entertaining doesn’t incur any taxes? Isn’t great news? Exactly, as a general rule expenses incurred by a business in offering entertainment or employee gifts are not tax deductible. However, tax law does offer a number of exceptions to this where the […]

December 17, 2018

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My Christmas party costs me £160 per head: What to do now?

The Christmas festivity is in full spirits and you must be planning to throw a Christmas party to all your employees, isn’t it? What if you found that your Christmas party is landing you upto £160 per head? Worried, what to do? Just relax! As we are here to relieve all your worries as we […]

December 10, 2018

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What are allowable expenses and how can you claim tax relief on them?

Are you aware of certain business expenses which are entitled to tax relief? This is particularly true when you’re in a small business. You may be the only individual in your team, which means there’s no source of knowledge to move to when you’re required to know something. Don’t worry—we’re here to help you. Computing […]

November 2, 2018

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What are 0345 Numbers? 0345 Mobile Call Charges – Are They Free?

What are 0345 Numbers? Many large-scale businesses in the United Kingdom use 0345 numbers which are non-geographic numbers, although special and popular numbers that cannot be related to any geographical area in the UK. At present, the 0345 number prefix is amongst the most commonly used numbers of 03 Type. 0345 numbers are the variation […]

October 31, 2018

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EORI Number: A passport for trading in & outside UK

“Traders operating outside European Union should have EORI number for trading in UK and traders trading goods with countries outside the European Union should also have an EORI number” What does EORI mean? Businesses engaged in importing and exporting of goods outside the UK domicile needs to carry an EORI number (Economic Operator Registration and […]

October 30, 2018

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EORI Number – When & Who Needs an EORI Number

What does EORI mean? A person or dealer carrying out the custom activities in the European Union (EU) requires an EORI (Economic Operator Registration and Identification).This system was introduced on 1st July 2009 by all EU member states and substituted the Old Trader’s Unique Reference Number (TURN). EORI is compulsory if an individual is required […]

October 30, 2018

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Budget 2018 summary: Key changes and highlights

The chancellor Philip Hammond delivered his 72-minute speech in the third Budget on Monday October 29, 2018 at 3: 30 pm which includes the following points: Personal Taxation and Wages The threshold of personal allowance, the rate at which people begins to pay income tax at 20%, increases from £11,850 to £12,500 in April – […]

October 22, 2018

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Tax deductible home office expenses and how much can I claim?

If you’re running a business or working from home, you wish to have claim for the expenses related to the business on your tax return. Work from home tax deductions can be quite confusing to get your head around. Normally, if something you use for your business, then you wish to claim that expense back. […]