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Need-to-know information and honest opinion
Our blog posts are inspired by real questions from real clients, by breaking developments in tax and finance, or simply by things we need to get off our chests. You’ll find explainers, intelligent commentary and forthright opinion pieces, on everything from the Budget to the business expenses. It’s all designed to put you in the know so you can make smart decisions, or to get you thinking. And if there’s something you’re curious about that’s not covered here, drop us a line and we’ll see what we can do.
What are trivial benefits?
Giving gifts is a great way to show employees that you care, but there are some rules to be mindful of. Here’s what you need to know.
Spring Statement 2022 – 6 Key Points
In his Spring Statement, The Chancellor announced some reliefs to address the cost of living crisis, but does it go far enough?
Can you do your own books with software?
Cloud accounting is an incredible tool to get your books in order quickly and efficiently, but it’s no replacement for the expertise of an accountant. Here’s why.
Benefits of CIS gross status for contractors and subcontractors
Many contractors and subcontractors apply for gross status under the CIS. Here’s what it means for you and why you should apply, too.
5 things to think about before the end of the tax year
March is an important month in the tax calendar as it is the last time you can influence your tax bill. Here are five things to think about before we close 21-22.
Should I incorporate my buy-to-let?
What are the pros and cons of incorporating a buy-to-let? Here’s what you need to know before setting up a company.
The power of management accounts
While management accounts are not compulsory, they are powerful tools when making important business decisions. Here’s why.
4 ways to turn a good a business into a great one
From management accounts to cashflow forecasts, there are a range of tools you or your accountant can use to take your business to the next level.
I’ve had a tax penalty – how do I appeal?
Following the self-assessment deadline, you might have the unpleasant surprise of a penalty notice from HMRC. There are ways to appeal this, though.
24 Tips and Treats to Help You and Your Business – Part 3
The last part in our series to help your business thrive is here. Find out the final eight below. Tip 17 – Give a gift to your loved ones to reduce your Inheritance Tax You can give a gift to your loved ones whilst also making the most of your annual exemption for...
How do I grow my business beyond a one-man-band?
You’ve got your one-man-band business up and running, but how do you take it to the next level?
24 Tips and Treats to Help You and Your Business – Part 2
For those who are following our blogs, here is the second part of our top tips and treats you may find useful. Tip 9 - Gift some not-so trivial benefits We love some trivial benefits here at Mayflower Accountancy. What a way to thank your team by giving them a gift to...
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