General News

Advisory Fuel Rate for Company Cars September 2018

These are the suggested reimbursement rates for employees' private mileage using their company car from 1 September 2018.

Note that for hybrid cars use the equivalent petrol or diesel scale charge. However, it may be more beneficial to compute the actual cost.

Where there has been a change the previous rate is shown in brackets.

Impact of First Year of Phased Reduction of Finance Cost

The first tax year that relief for finance costs will be restricted is 2017 to 2018. This example below shows the withdrawal of 25% of finance cost deduction and given as a basic rate tax reduction.

Jennifer has employment income of £25,000 and rental income from residential property of £11,000 per year. Her mortgage interest is £8,000 per year.

When Should I Set up a Property Company?

When you set up a limited company this starts the clock ticking on your statutory requirements i.e. the period for which you have to prepare accounts and the confirmation statement. We would tend to recommend that unless you need to make use of a company, that you do not set one up until you have reached that point i.e. when your offer has been accepted on your first property.

CIS - What is it and Will I Need to Register?

We have spoken to a number of clients and potential clients over the last couple of months who have been looking at developing or putting up a new build on the land of a property that has been purchased.

Digital Marketing Strategy

Over the last 10 years or so, marketing has moved more towards digital, thanks to the prevalence of fast wifi connections, smartphones, social media and data analysis. In today's hyper-connected world every business should have a digital marketing strategy.

Using Online Communities to Promote Your Business

The beauty of online marketing is that it doesn’t have to be expensive. You can even use online groups/communities to help promote your business for free. 

Online communities are groups of people who share advice, knowledge or stories related to a shared interest. They connect and share content on forums, on social media, or even on their own website or blog. 

If you want to engage with an online community in order to promote your business, you need to do a little bit of research.

GDPR - Are You Now Compliant?

Under the recently introduced GDPR regulations, all businesses in the UK must have consent from their customers in order to keep their details on a database, contact them in future and so forth. So what does this mean and what do you need to do?

Innovation - One Step at a Time

Innovation in business doesn’t necessarily mean you have to make great leaps forward. Sometimes little steps can be just as transformative. 

Innovation doesn’t necessarily have to involve massive change programmes and unsustainable levels of activity. Not every business needs a revolution. 

Make More of Social Media

Your business can use social media to deliver great customer experiences and develop deeper relationships.

Creating good content and distributing it over social media can be a very effective way to grow your business. That's why businesses like PWC, Amazon and McKinsey invest huge amounts of resources into producing great content that people want to consume.

Ask ALEXA to Contact HMRC for Help

HMRC has launched new and innovative technology to help more than 3 million customers renew their tax credits. HMRC has developed a customer-focused service through Amazon Alexa specifically for those seeking help with their tax credits renewals.