Blog archive

My Digital Marketing Apprentice role

On Tuesday 11 September 2018, I started my Digital Marketing apprenticeship at Plus Accounting. Plus Accounting is a firm of chartered accountants, registered auditors and business advisers in Brighton.

Businesses fear a no deal Brexit

Businesses large and small are starting to panic at the prospect of a no deal Brexit and the nightmare scenario that this will bring.

What does the Budget hold in store for Pensions?

With the Budget less than a week away, much of the talk is whether Chancellor Philip Hammond will once again turn to pensions to help fund the Government’s NHS spending commitments.

How is VAT calculated?

The standard rate of VAT 20%. If the goods or services you are supplying are standard rated, then the easiest way to calculate the VAT that you must add is to divide the price (excluding VAT) by 5.

When are VAT payments due?

Businesses submitting quarterly VAT returns are required to pay VAT due 1 month and 7 days following the end of the end of the VAT period.

Connect Your Business Data Webinar with Cloud9 Insight

On Tuesday 16 October, Plus Accounting collaborated with Cloud9 Insight to deliever a free online webinar on how to Connect Your Business Data and make better business decisions.

Can a UK company apply for a corporation tax extension?

A company is required to file its corporation tax return within 12 months after the end of the accounting period that it covers. A penalty will be payable if the corporation tax return is filed late.

What is a certificate of residence?

A certificate of residence is required to claim tax relief in another country if the company pays tax on its foreign income in the UK. If the company has already paid the tax it may be due a tax refund.

October Xero Apps Update

Take a look at our monthly update on the latest Xero Apps for businesses just like yours.

Guest Blog: Do it yourself, versus professional help

A while ago we wrote a blog about doing work and tasks yourself or getting in professional help. We have gone back to review it and see if we still feel the same. Do you know what, we do!

What are Research and Development UK tax credits?

Research and development tax credits are available if the company is engaged in research and development and the company makes a trading loss; either where there was a trading loss before the enhanced R&D expenditure at 230% was applied, or where a trade profit became a loss because of the R&D enhanced expenditure.

Why is Research and Development important?

For technology and software companies, research and development is important as they can be the first to market certain products or services which gives them an edge over their competitors.

Can self-assessment tax be paid in installments?

If you cannot pay your tax on time, you may be able to arrange to pay your self-assessment tax liability in installments. To do this you should contact HM Revenue & Customs on the Business Payment Support Service on 0300 200 3835 or arrange to pay in installments via your Government Gateway account.

Where do you send your self-assessment tax return?

If you are submitting a paper self-assessment tax return, you should send it to:
Self Assessment
HM Revenue & Customs

The Chancellor's Surprise Giveaway

Whether or not you believe the Chancellor is right to say that “Austerity” is coming to an end , he certainly surprised most commentators with a number of his announcements.

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