Accountancy Blog

Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.

Can my company get a tax deduction for a parking fine?

Your business makes lots of deliveries by van to clients and quite often drivers have to park on double yellow lines as there is no available parking nearby. The result is quite a lot of Penalty Charge Notices (PCNs) issued by the local authority or the police. Your drivers are instructed to avoid parking in […]

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More People Paying Inheritance Tax

Latest figures from HMRC reveal a 22% increase in inheritance tax (IHT) receipts in the 2015/16 tax year. This is a significant uplift from the average 12% annual increases that have been experienced since 2010. There are several factors which have contributed to the latest increase including rising property prices and the static IHT nil […]

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Dealing with distractions

Research suggests that when we are distracted from a piece of work it takes between 10 and 15 minutes to get back to that point of focus afterwards. It is no surprise then that we often find it difficult to complete our scheduled work tasks. What can we do to manage our external distractions? Schedule […]

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Initial Interpretation of the Autumn Statement 2016

On 23 November 2016, Chancellor Phillip Hammond delivered the government’s autumn statement and announced that it will be the last of its kind. Following the Spring Budget in 2017, the Budget will be delivered in the autumn, with the first being in autumn 2017. This will give the government more time to tweak tax reforms […]

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Intellectual Property – have you protected yours?

Did you know that your ideas are a valuable asset? With all of the demands on a business owner’s time, the protection of intellectual property is often overlooked. Intellectual Property (IP) is an umbrella term for creations of the intellect such as artistic works, business names, designs, logos, inventions and slogans. Intellectual property law has […]

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