Flat Rate VAT Scheme – Low Cost Trader
From 1 April 2017 HMRC introduced changes to the flat VAT rate scheme. The flat rate scheme was introduced to reduce the administrative burden of small businesses. Under the scheme the business [...]
Do you receive rental income from residential property?
This is our first of two blogs about rental income from residential lettings. Our second blog will consider the tax relief restriction on mortgage interest which came into force from April 2017. [...]
In Budget, Capital Gains Tax, Employment tax, General, Individuals, Owner managed businesses, Pensions, Property, Start up, Tax planning
Posted Budget 2018 – How will you and your business be affected?
On 29 October 2018 the Chancellor presented the Autumn 2018 budget. Businesses Annual Investment Allowance (AIA) The Annual Investment Allowance (AIA) provides 100% tax relief on certain capital [...]
Tax relief at Christmas
It’s that time of year again when thoughts turn to Christmas. As a business do you know what gifts you can give your staff without incurring tax or National Insurance (NI)? Do you know what gifts [...]
Welcome
Hello Welcome to our first blog post. We are Gloucestersphere Accountants, a new accountancy practice based in Gloucestershire. We love accountancy and understand that many of you would rather [...]
