Should you only take card or cash?
Cash is king – but is that the case in the post-pandemic world and should you only take card or cash? Covid-19 has changed how business is being carried out across the world. Studies say it’s unlikely the virus is transmitted through cash transactions, many businesses...
Can you claim the fifth SEISS grant?
Self-employed people affected by the Covid-19 pandemic are receiving notice to apply for the fifth SEISS grant. HMRC is currently emailing those who are eligible, although you can visit gov.uk if you haven’t received an email. Claims must be made by 30 September 2021....
Can I make pension contributions through a limited company?
One of the few remaining tax breaks for limited companies are pension contributions. As a company director – and for any employees – it is worth considering taking advantage of this tax break. Directors of limited companies can make contributions to a company...
Partners become QuickBooks Online ProAdvisors
Guidon Group partners Tony and Kathryn have successfully obtained an advanced qualification as QuickBooks Online ProAdvisors. They both took part in the programme to update their skills. They also received training on new features and functionality of the...
How to use AutoEntry
AutoEntry is the perfect solution for business owners struggling to keep track of receipts, bills, invoices and statements. In the past, you may have had a huge amount of paperwork to take care of. And many accountants will tell you about receipts being delivered in...
What you need to know about reclaiming VAT
Many owners of VAT-registered businesses are not always aware of reclaiming VAT. As a result, they risk missing out on revenue. In fact, a study earlier this year says UK businesses are losing 12 per cent of revenue through not reclaiming VAT. The findings came from a...
3 reasons to file your self-assessment early
More than 63,500 people filed their 2020-2021 self-assessment tax return on the first day of the tax year, HMRC has revealed. Figures show that the number of people filing on the first day has almost tripled in the last 5 tax years. Sending in your self-assessment tax...
What is the optimum income for directors in 2021/22?
Paying yourself can be a complicated issue for many business owners. In the UK, directors and shareholders take dividends while some take salaries. What is the best way of taking finances out of your business and your optimum income? With tax thresholds and...