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 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 [...]

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 [...]

making tax digital – how it could affect your business

You might have heard adverts on the radio… Maybe you’ve seen stories in the news... Or maybe you’ve heard another business owner talking about it. Of course, it’s possible you haven’t heard anything about HMRC’s Making Tax Digital initiative. Like many people, you might simply be too busy dealing with all the other [...]