By having an Accountant who keeps up to date with changes to the tax system means you will always be kept in the 'know'. At Central Business Services we keep up to date with the legal requirements to ensure you pay the right taxes ... [Continue Reading]
Take advantage of tax exemptions for trivial benefits whilst you can!
The exemption for trivial benefits for this year will end on the 5th of April - at the end of the 2017/18 tax year. So make sure you take advantage of the enticing range of tax free perks whilst you can! What exactly are trivial benefits? "Trivial ... [Continue Reading]
Changes to buy to let tax in April 2018
2017/18 marked the start of changes linked to the restriction for tax relief on finance costs. This year, on 6 April 2018 the next set of changes are happening. In the nutshell it's all about finance costs and the associated tax relief. So who do ... [Continue Reading]
The rules on Christmas gifts and parties
Christmas is coming and every year we are asked the same questions about gifts to customers and staff. As far as HMRC is concerned there’s nothing special about Christmas! The usual direct tax and VAT rules apply to gifts. We have put together this ... [Continue Reading]
Flat rate VAT scheme
As with most tax questions, the answer to whether or not the VAT Flat Rate Scheme (known as FRS) is a good idea depends on individual circumstances. HMRC say that the VAT Flat Rate Scheme is largely neutral. This means that they believe winners ... [Continue Reading]
