Capital allowances on an office fit out
Great news! That shiny new office fit out as well as looking amazing can also save you some tax! Most people are aware that they get tax deductions for what is deemed a ‘repair’ and goes through their profit and loss account. But what about the extensive investment in...
What Does HMRC Know About You?
In today’s connected world, it is all too easy to retrieve information about our lives. Did you know that HMRC can check and compare information about you, which includes what you are posting on social media? If it looks like you are living a lavish lifestyle that...
Business Entertaining – VAT & Corporation Tax
Over the festive period, most businesses will have enjoyed some time out with their employees at Christmas parties. Often, such events can also involve entertaining customers and suppliers. However, there can be some confusion when it comes to claiming VAT and...
2019 – The Year in Review
And in the blink of an eye, another year has gone and somehow, we’re in 2020! 20 years since we ushered in the start of a new Millennium and 16 years since Charnwood Accountants was launched. 2019 was a busy year for us all at Charnwood Accountants and so we thought...
VAT Changes to PCP Contracts for leasing
In summary, the correct treatment of Personal Contract Purchases (PCP) and similar contracts depends upon the level of the final optional payment. If, at the start of the contract, it is set at a level where that final payment would be greater than the market value,...
ADMIN TIME STUDY
So why would we want to do a time study for the Admin/support team, after all they are a non-chargeable resource? Well, there are various reasons for doing this. The main reason is that admin carries such varied roles and is often unpredictable day to...
Debt Recovery and Cash Flow Management
As well as winning new business, cash flow should be the top priority for solicitors. Effective cash flow management is the foundation of any successful practice. As they say, “cash is king” and never has this been more relevant than in today’s volatile economic...