when it comes to accounting, are you and your business ready for brexit?
Right now, no one really knows if we’ll leave the EU on October 31st or not. We’re in unprecedented times politically and it’s causing a great deal of uncertainty. After speaking to many of our clients, we know a lot of businesses simply don’t know what they need to do to [...]
simplified expenses for smaller businesses
Certain unincorporated small businesses may choose to use the ‘cash basis’ when calculating taxable income, under which participants are taxed on the basis of the cash that passes through their books, rather than being asked to undertake complex and time-consuming calculations designed for big businesses. Whilst easing the administrative [...]
electricity for electric cars – a tax-free benefit
The Government is keen to encourage drivers to make environmentally friendly choices when it comes to choosing a car. As far as the company car tax market is concerned, tax policy is used to drive behaviour, rewarding drivers choosing lower emission cars with a lower tax charge, while penalising [...]
Appleleaf Accountancy are delighted to welcome Emma Hutchinson to the team
Appleleaf Accountancy are delighted to welcome Emma Hutchinson to the team. As the client base continues to grow, Emma started supporting the team in spring this year and has now joined on a permanent basis working on Mondays, Wednesdays and Fridays. Emma has a background in finance and is currently [...]
Appleleaf celebrates ACCA qualification
Appleleaf Accountancy is delighted to announce that Stephanie Cornford is now a qualified member of the Association of Chartered Certified Accountants (ACCA). Anyone who has studied while working full-time will appreciate the amount of hard work, dedication and commitment that goes into gaining this recognised qualification, and we are really [...]
how tax planning could minimise the high income child benefit charge
As of 6 April 2019 the higher rate tax threshold has been increased to £50,000, which is good news for many taxpayers. However, this also is the same figure when child benefit starts being clawed back and there has been no increase in this figure since it was introduced back [...]
family companies – optimal salary for 2019/20
For personal and family companies it can be beneficial to extract some profits in the form of a salary. Where the individual does not have the 35 qualifying years necessary to qualify for the full single-tier state pension, paying a salary which is equal to or above the lower earnings [...]
