Supporting Local Independent Businesses

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Supporting Local Independent Businesses 1 Accounts Haverhill is based on the top of the high street in Haverhill providing a service to both local and non-local businesses. Where we can we will support Haverhill businesses and we encourage our client to do the same. The Economy Not many people realise that shopping locally is great … Read moreSupporting Local Independent Businesses

Is the Jaguar i-Pace a good company car?

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Is the Jaguar i-pace a good company car?  Here at 1 Accounts in Haverhill and Cambridge we are often asked can I buy a car within the company?  The answer is of course yes. However when benefit in kind tax and class 1A National Insurance is explained our clients most likely either buy the car … Read moreIs the Jaguar i-Pace a good company car?

Making Tax Digital – Are You Ready?

Tax Building Blocks

Making Tax Digital – Are You Ready? July 2019 marks the period that you have to submit your VAT returns using HMRC’s new Making Tax Digital (MTD) regime. Already Accountants, VAT registered businesses and HMRC are struggling to cope.  Take a look at Accounting Web’s report on how HMRC’s systems were already struggling in May … Read moreMaking Tax Digital – Are You Ready?

Cloud Accounting Benefits

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Cloud Accounting Benefits If you want your business to work smarter and faster, cloud accounting software is a wise investment. Working in the cloud will give you a better overview of your finances, and improve collaboration with your team. Accounting software shouldn’t be a chore to use! Small business accounting software that’s not available via the … Read moreCloud Accounting Benefits

POSSIBLE CHANGES TO CGT PRIVATE RESIDENCE RELIEF

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POSSIBLE CHANGES TO CGT PRIVATE RESIDENCE RELIEF The government is currently consulting on important changes to private residence relief that are likely to be introduced from 6 April 2020.  The two possible changes, announced in the Autumn 2018 Budget are:  Firstly to limit to just 9 months the period prior to disposal that counts as … Read morePOSSIBLE CHANGES TO CGT PRIVATE RESIDENCE RELIEF

“RENT A ROOM” RELIEF TO CONTINUE FOR AIR BNB LANDLORDS

Toy house and hands

“RENT A ROOM” RELIEF TO CONTINUE FOR AIR BNB LANDLORDS Last year HMRC carried out a review of rent a room relief and it was proposed that the availability of this generous relief would be restricted to situations where the taxpayer was resident for at least part of the time when the “lodger” was paying … Read more“RENT A ROOM” RELIEF TO CONTINUE FOR AIR BNB LANDLORDS