Tag: <span>Yorkshire Accountants</span>

Bookkeeping tasks to complete in January

January is a great time to review your bookkeeping processes and get your business’ finances organised for the new year. For many businesses, January is a quiet time of year that is best used to review performance and processes and plan and prepare for the year ahead. Complete the following bookkeeping tasks in January to…




Plans to cut corporation tax put on hold

Prime Minister Boris Johnson has announced that the planned cuts to corporation tax are to be put on hold. On 1st April 2020, corporation tax was due to fall from 19% to 17%. However, in the run up to the December general election, Conservative party leader Boris Johnson has announced that this cut to corporation…




IR35 rules to be rolled out to private sector in April 2020

Organisations in the private sector must plan and prepare now for changes to IR35 in April 2020 to avoid problems with contractors negatively affecting their performance. Changes are to be made to IR35 rules for the private sector in April 2020 to bring them in line with public sector rules. In April 2017, IR35 was…




Is your business’ payroll affecting retention rates?

Mistakes or inefficiencies in your company payroll could be having a negative effect on retention rates and employee wellbeing. A recent study conducted by an independent research firm and commissioned by Zellis, found that 21% of Brits have changed jobs after being paid late or inaccurately by their employer. The research found that a shocking…




Tax incentives for running electric commercial vehicles

Did you know that switching from petrol or diesel to electric commercial vehicles could help to save your business money? Businesses are under increasing pressure to find ways to work more sustainably and reduce their carbon emissions to help protect our planet. If your business runs commercial vehicles, making the switch to electric models can…




How to reduce the amount of capital gains tax paid on the sale of a property

When selling a property that is not eligible to private residence relief, you may still be able to reduce the amount of capital gains tax due on the profits. Capital gains tax is usually due on the profits made from the sale of any property that is not your main home. Generally, you are exempt…




Am I exempt from capital gains tax when I sell my home?

When selling your home, you won’t usually be required to pay capital gains tax providing that you meet the criteria for exemption. Capital gains tax is a tax that is paid on any profits made when selling an item that is worth more than £6,000; this includes the sale of some property. Whether or not…




What are the criteria for an employee to qualify for a workplace pension scheme?

Businesses that don’t enrol eligible employees onto a workplace pension scheme are breaking the law, make sure that you’re familiar with the criteria for enrolment. Pension auto-enrolment is a government scheme that was introduced under the Pensions Act 2008. The scheme makes it compulsory for employers to auto-enrol all eligible employees into a pension scheme…




Benefits of outsourcing your payroll to an accountant

Running payroll can be a complicated and time-consuming job, but it is nonetheless a very important part of operating a successful business. Your employees depend on you running a regular, reliable and accurate payroll for them to meet their financial commitments. Making errors with your payroll can be costly. Not only is it highly unprofessional,…




What can contractors do to avoid falling inside of IR35?

Contractors can use the tips and advice in this blog to prevent their contracts from falling inside of the IR35 legislation. IR35 is a tax legislation that was introduced to tackle tax avoidance by contractors acting as ‘disguised employees’. Contractors deemed to be outside of IR35 receive limited company tax benefits, whereas those deemed to…