Whether your business idea needs some start-up capital to get off the ground; you need a new piece of equipment or want to move premises; or you need some money in the bank to make sure you can cover all…
Find out how to take advantage of the tax exemption for employer-provided mobile phones. The tax system contains a number of exemptions, some of which are more useful than others. One of the more valuable exemptions is that for mobile…
Focal Business Group have partnered with Capital on Tap to help clients access a business credit card simply, quickly, and securely. Capital on Tap – The credit card built for businesses It’s Capital on Tap’s mission to make…
If you are running your business from home it is important to be aware of the implications of the lower CGT annual exempt amount if you are considering selling the property. The main residence exemption applies for capital gains tax…
Let’s take a look at the question, are tips taxed? The Employment (Allocation of Tips) Act 2023 sets out a new legal framework for the fair allocation of tips. A new Code of Practice is to be introduced and employers will have…
When Esther was approached to present at a local networking event, the challenge was choosing what topic to focus on. Exactly one week before her presentation she attended the Digital Accountancy show and having been inspired by the content that…
Class 2 NICs are flat-rate contributions payable by the self-employed, currently charged at a rate of £3.45 a week. Non-payment (or credit) could mean entitlement to the state retirement pension (and other contributory state benefits) will be affected unless the…
Dividends are a popular and tax-efficient way to extract profits from a personal or family company once a small salary has been paid. However, the rules surrounding dividends are strict and failure to comply may mean that HMRC will tax…
A useful update on the PSTN Withdrawal from our partners at Globe 2 Ltd. As you will already be aware, the Public Switched Telephone Network (PSTN) is being gradually withdrawn, with the intention of fully replacing it with new digital systems…
The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end on 31 March 2023. It was replaced with full expensing. As with the super-deduction, unincorporated businesses cannot benefit from full…
