My Latest Blogs
9th December 2022
Solar Panels
With the rising costs of energy affecting both homeowners and businesses, many are looking to renewable forms of energy to reduce their costs. Harvesting solar power with solar panels is one alternative. Sites can range from the roof of your house to hundreds of acres of rural land. Grants are available for homeowners to…
7th October 2022
VAT Direct Debits – Cancelled?
Having received a copy of a letter a client has received from HMRC today, it states that due to inactivity on your VAT account your direct debit instruction has expired. If you wish to pay by Direct Debit in the future you will have to complete another Direct Debit instruction, either online or by post.…
22nd July 2022
Mustard: Could this be the answer?
With the reduction of BPS over the coming years and movement in Sustainable Farming Incentives, many farmers/growers are looking for alternatives to traditional crops. One crop that has come to my attention recently is Mustard. Through a cooperative, English Mustard Growers Ltd, mustard is being sourced throughout Norfolk, Suffolk, Cambridgeshire and Lincolnshire. The benefits…
9th February 2022
Government scheme gives discounts of up to £5,000 on accounting software
Small and medium sized businesses are critical to the UK’s economy. As part of the Chancellor’s Plan For Jobs, Help to Grow: Digital has been launched. Digital software can help build customer relationships to increase sales, manage accounts and finances digitally or make the most of selling online. Choosing the right platform to use…
5th January 2022
Home office pod: the tax pros & cons
If there is one question I have been asked by our business clients more than any other since the pandemic began, it is “How can I tax efficiently purchase a garden home office pod, to run my business from”? Unfortunately there is no simple single answer to this question, and best advice will depend…
9th December 2021
NEWS: Xero Bank Feed disruptions
Please be aware of the following current bank feed disruptions in Xero, as per Xero’s blog page, with the following banks as of 9th December 2021 : AIB (UK) (Open Banking) Currently AIB (UK) credit cards are unavailable to connect through bank feeds. We’re looking into getting this reinstated. For now please manually import…
11th November 2021
COP26: Net Zero disclosures in future statutory accounts?
Arising from the current COP26 global warming conference, Sage, The ACCA and the ICC have called on urgent action to be taken to standardise and simplify carbon reporting to help SMEs join the race to Net Zero. Their new report titled ‘Think Small First’ calls on policymakers to remove the existing administrative burdens that come…
13th October 2021
Look out! Sage 50cloud Accounts v28 update
From Monday 18th October 2021, clients using Sage50 Accounts will be sent a software update for version 28. Some of the new features of the software: New – customisable business dashboard showing you key business information, without the need to run numerous reports New – access the Sage 50cloud Accounts Help Centre directly…
24th September 2021
Covid Support: End to most measures
When COVID directly impacted upon the UK in Spring 2020, the Government introduced a range of measures specifically targeted to help SME businesses survive the expected period of financial strain. Such businesses should now be planning ahead for when this support is gradually withdrawn: 21-Jun-21 Deadline for arranging with HMRC when to repay COVID related…
4th May 2021
Sage 50 VAT ‘T’ codes
Sage50 VAT T codes (from v27.1 onwards): T0 – Zero rated transactions T1 – Standard rated transactions – Currently 20% T2 – Exempt transactions T4 – Sale of goods to VAT registered customers in EC T5 – Lower Rate – Currently 5% T7 – Zero rated purchases of goods from suppliers in EC T8…