Blog

What Expenses Can You Claim?

“Tax doesn’t have to be taxing.”  That may be true but sometimes it can certainly feel a little taxing when the lines of what you can and can’t do start to become blurred.  Before we dive into the detail we should first discuss a tax concept that HMRC uses to determine whether something can or […]

Can Your Children Save You Tax?

Among numerous advantages to starting a family business the additional tax benefits available make a compelling case for sharing your business income with your children. If you choose to do so, each child is entitled to the same £11,850 income tax personal allowance as their parents.  They also qualify for capital gains tax allowances and […]

Introducing Your Spouse to the Business

There are numerous reasons why you might want to bring your spouse in to the business, including several tax benefits. Involving your spouse can mean a split income between the two of you which enables you to minimise higher rate tax and therefore increase family take home pay.  Finally, any gifts of business assets between […]

Buying a Company Vehicle

Although company car tax can appear daunting at first, this article aims to provide some simple tax advice and information so that you can soon understand the essentials for what you really need to know. In this article we don’t need to delve into why the government provides these tax incentives but rather concern ourselves […]

Registering for VAT

A common question we hear from new business owners in Wetherby is, “Do we need to register for VAT?” In todays quick guide we aim to provide some simple tax advice and information to help you answer this very important question. Do I need to register?  As of April 2018, you are not required to […]

Making Tax Digital. What Does It All Mean?

Making Tax Digital (MTD) is HMRC’s attempt to fully take UK tax into the digital world. In effect, all our individual and company tax liability will be nudged electronically to our personal tax account (PTA) with HMRC. Originally scheduled for a date already long gone, HMRC now aims to have all unincorporated businesses with turnover […]

7 reasons why you need an accountant

7 reasons why you need an accountant Hiring an accountant to look after your business finances is a smart move. Whether you’re just starting out, or if you’re up and running but looking to expand, here are 7 reasons why you need an accountant to help your growing business. You could save money Think hiring […]

How Board View helps create a successful client

Our Board View service is 21 years old. Our most successful clients take our Board View service. Either monthly or quarterly we meet with our Board View clients to review the current performance of the business.  At the centre of the meeting sits the latest financial position, including the management accounts, cash flow, plans for […]

7 mistakes to avoid when selling your business

Selling a business can be complicated and it is easy to make some mistakes that can result in losing a lot of money.  This simple checklist will set out the 7 mistakes to avoid when selling your business. Not being fully prepared This is a common mistake with many small business owners. Selling is not […]

Making Tax Digital – key things you need to know

Are you ready to submit your accounts every 3 months to HMRC? Are you ready for Making Tax Digital?   Making Tax Digital (MTD) is a fundamental shift in the UK tax administration and the changes that will affect both taxpayers and accountants should not be underestimated. So what is Making Tax Digital? HMRC is […]

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