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 more Supporting Local Independent Businesses
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 more Is the Jaguar i-Pace a good company car?
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 more Cloud Accounting Benefits
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 more POSSIBLE CHANGES TO CGT PRIVATE RESIDENCE RELIEF
“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
EXTRACTING PROFIT FROM YOUR FAMILY COMPANY The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers national insurance contribution (NIC) liability which means that where the company has not used … Read more Extracting Profit From Your Family Company
Automate, Automate, Automate The 21st century brings a new kind of technology that has not been around for past businesses. Online tools can help make business more streamlined, efficient and productive. 1 Accounts strive to adapt these new technologies to not only help our business but to help our clients too. With this blog I … Read more Automate, Automate, Automate
Happy New Year The 6th of April marked the first day of the financial year. This brings a few changes to individuals and businesses. The Personal Allowance The personal allowance (the amount you can earn before paying Income Tax) has increased from £11850 to £12500. This will lead to a small reduction in tax. For … Read more Happy New Year
We Need You! In my previous blog I wrote about us sponsoring this years accumulator challenge. The challenge involves receiving a £50 note and trying to raise as much money from the £50 as possible. This is all in aid of St Nicholas Hospice. I wanted to list the reasons why we think your business … Read more We Need You!
Keeping up with the Employees Unlike the Kardashians it can be extremely hard to keep up with your employees hours, especially if your business is not office based. Here is our simple solution on how we can help you ‘keep up with the employees’. The Problem: Many employees are paid by the hour and quite often … Read more Keeping up with the Employees!