Yorkshire Accountancy

BUSINESS ADVICE BLOG

Trusted Accountants for Small Businesses

Are you interested in switching accountants? Have you been looking for accountants for small businesses? Maybe you’re a sole trader who is finding the task of looking after your accounts increasingly arduous? If so, speak to Yorkshire Accountancy today. We offer a personal approach where all clients feel valued and are treated as individuals and […]

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Fully managed accounts from Yorkshire Accountancy

At Yorkshire Accountancy, we offer a range of financial services for a vast series of businesses. We pride ourselves on our professional, clear-talking approach as well as our punctuality and efficiency. We are fully committed to delivering affordable accountancy services for companies from various industries and can cater for you if you require the services […]

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What is capital allowance tax relief?

Capital allowance tax relief allows businesses to write off the costs of capital assets against their taxable profits. Through the Annual Investment Allowance, businesses can claim up to £200,000 of their annual investment in plant and machinery aside from cars. A wide range of businesses can take advantage of the AIA, though there are provisions […]

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Labour Promises New Tax Rates to Fund NHS

With the surprise general election just a matter of weeks away, all of the political parties are vying to get your vote. One of the most recent promises to come out of these campaign ideas is from Labour and, of course, it is all about taxation. Labour’s plan is to potentially bring in a 45p […]

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Residential Property Tax Has Changed

It has always been something that landlords have had to contend with – taxation. But a number of recent have been put in place, and it is worth reading up on them when possible to ensure you don’t fall foul of the law, and the tax collectors.   There includes, for example, an increase in […]

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Are The Rich Getting A Better Deal?

There have been worrying stories in the news recently about how it seems that those who are richer are getting a much better tax deal than everyone on ‘average’ incomes. The Public Accounts Committee even said that HMRC must not look as though it has one rule for the rich and another for everyone else. […]

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Ways To Cut Your Tax Bill

With just under two weeks to go until you need to have returned your 2015-2016 tax bill to HMRC, this isn’t always the most fun time of the year for many. But it still needs to be done. Take a look at some of these ways to ensure your tax bill is as low as […]

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Is It Possible To Spread Your Tax Bill Payments?

The deadline for the 2015-2016 self-assessment returns to be sent back to HMRC is 31st January 2017. On this date, you should also pay the tax that you owe. But it is possible to spread that tax bill if paying it in one lump sum is not possible. There are certain conditions attached, of course, […]

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Travel Costs: What Can You Claim?

Trading as a limited company is a great idea for many; it’s the best way to ensure that you are making the most of your business and your talents. But there can be pitfalls and confusion associated with starting a limited company (or even with a well-established one) that an accountant will be able to […]

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No More VAT FRS?

The FRS (flat rate scheme) for VAT that was introduced back in 2002 by HMRC was seen at the time as a great way to simplify the VAT system. Admin would be reduced, as would any complications regarding difficult calculations. What actually happened, however, was that companies were able to use the FRS to save […]

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Britain Is Officially Business Friendly

Britain is now tenth in the world when it comes to being business friendly in terms of tax. Well done us! The government has been striving to persuade other countries that Britain is a good place to be business, despite the (potentially) looming Brexit, and so this new rating is good news. In fact, we […]

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To VAT Or Not To VAT… That Is The Question

Some new businesses choose to register for VAT, and others don’t. Sometimes that can be a matter of choice (until the £83,000 turnover threshold is hit, of course, after which everyone (or rather, most people) will need to be registered. But for some it isn’t something that they need to worry about because they are […]

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