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The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and...

You need bookkeeping for your business to keep financial transactions updated and ready to be used whenever it is wanted and to maintain financial health of your business, bookkeeping plays a very essential role. It ultimately empowers business owners to make informed decisions about their...

It doesn’t matter what type of small business owner you are, when you join us at Accotax, our professional xero certified accountants are ready to help you grow through the Xero platform and help you access all the features and benefits the software has to...

Timing dividends right could help save tax Timing the date of a dividend payment from a company can determine both the amount and the due date of the tax payable. This may be a particularly useful strategy in a close- or family-owned company. The dividend allowance, which was originally introduced...

Optimising tax-free benefits in family companies Making use of statutory exemptions for certain benefits-in-kind offers an opportunity to extract funds from a family company without triggering a tax charge. The essential point to note is that to make the tax saving, the benefit itself, rather than the funds with which...

If you own a small-scale business, it can be rather overwhelming to manage your finances and oversee your company’s financial health. That’s why a system that will streamline bookkeeping and ensure proper accounting should be put in place. There are no hard and fast rules when it comes to...

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