We ensure we are up to date with all current tax legislation and to ensure the best possible tax advantages are available there are certain tax tips which can help your business.
As well as the specific tax tips below, there are a wealth of other tax tips and advice that we offer and execute. Additionally, the accurate and tidy keeping of records is very important.
COVID-19
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. Lesser & Co have reviewed the guidance, translated it into a user friendly graphical format and put additional helpful interpretations to help clients navigate the support that is relevant to their individual circumstances.
Click here for information on help schemes
Company Cars 2020
Looking at company cars from a companies point of view, the car would be treated as an asset for corporation tax purposes. Click the link below to view a pdf on the latest information on Company Cars in 2020.
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Quickbooks and Receipt Bank advice and help
View videos on the latest help and advice regarding Quickbooks and Receipt Bank.
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What is involved in a set of Ltd Company Accounts
Find out more about what is involved in a set of Ltd Company Accounts and tips and the ins and out of the process.
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Ltd company v sole trader
Find out more on the difference of both types of setup in this new video explaining the benefits of being a Ltd company.
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What is a director current account?
The director current account is a summary of transactions between the director of the company and the company itself.
Click here to find out more about what is a director current account is
IR35
Am I outside IR35?
Does IR35 apply to you?
Click here to find out more on making the right decision on IR35
30-day reporting of CGT on disposals of UK residential property
7 April 2020: ICAEW’s Tax Faculty highlights HMRC’s new service for reporting and payment of capital gains tax (CGT) on disposals of UK residential property.
Few property transactions are proceeding at the moment but anyone selling UK residential property needs to be aware that CGT due now needs to be reported and paid within 30 days of completion.
Click here to read more
Electric car
Is now a good time to buy an electric company car?
The “car benefit” charge has been generally based on co2 emissions – the lower the emissions, the lower the benefit charge. The calculation is based on the “list price” of the car (which includes optional extras, VAT and delivery charges) when new, even
if the car was bought second-hand. Diesel cars potentially suffer a higher % charge than petrol cars.
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