Blog
Welcome to the accountancy blog from ZincBooks
We love to share the latest news, views and advice with our clients and the weekly blog gives us the ideal opportunity to do this.
Feel free to get in touch with us if you wish to discuss any of the blog topics in more detail.
ZincBooks are proactive accountants that offer fantastic services to both companies and individuals. If you are looking for something more than a traditional accountancy service then why not get in touch with us today.
Coming out of lockdown?
Make sure you have all your accounting ducks in a row post lockdown
More HMRC support for the self employed
A second, but final, grant to help you through the Coronavirus pandemic
Preparing to save tax – now’s the time!
The tax year is rapidly drawing to a close. Now is a great time to make sure all your ducks are in a row to make the most of the new 2020/21 year. Here are six tips to get you started. But don’t just depend on this list. Pick up the phone to your accountant and make sure they go through with you a comprehensive checklist of all the measures you need to be taking.
The Construction Industry Scheme – CIS – what’s it all about?
It was back in 1971 that the government introduced The Construction Industry Scheme – or CIS. The idea was - and still is - to reduce tax evasion in the construction industry. Simultaneously, construction workers would be protected from false employment. No-brainer...
Be smart with your Christmas expenses
Ebenezer Scrooge. Now there was a feller who understood how costly Christmas can be. You can be sure that he’d have had a pretty good idea too about which expenses he’d be able to claim on with HMRC. In our final blog of the decade, we have some seasonal words of...
Self-Assessment 2019 – Deadlines & Penalties
Vital tax advice for Trades and other self-employed workers Get your diary ready. There are some key tax deadlines on their way and if you miss them … you’ll be paying a small fortune. In this blog, we’re going to look at these deadlines and find out why they might...
When and how to incorporate
Over the last decade, corporation tax rates for most companies – irrespective of size - have fluctuated between 19% and 21%. The main rate of corporation tax is expected to be cut to 17% from April 2020. Current corporation tax rates are still pretty favourable and...
Save time & Make money – Just two great reasons to outsource your bookkeeping
Did you set up your own business? In the early days, did you torture yourself with those heady 25-hour days? And those sleepless nights too? Was it the excitement or the fear that kept you awake? Either way, that rollercoaster they call ‘starting your own business’ is...
VAT registration – sooner or later?
Once a business is up and running, the next major administrative area to be faced often concerns the subject of VAT. At first glance, it looks complicated - not to mention time-consuming - particularly for small businesses. However, taken one step at a time, the rules...
Just starting out
As long as HMRC can be satisfied that a business is being run on a commercial basis with a view to making a profit, they will usually allow taxpayers to claim tax relief for a trading loss in one tax year against other taxable income (for example PAYE income or a...
MTD software – what do you need?
Making Tax Digital (MTD) for VAT went live on 1 April 2019. VAT registered businesses with VATable turnover above the VAT registration threshold of £85,000 are required to comply with the requirements of MTD for VAT from the start of their first VAT accounting period...
Voluntary National Insurance contributions – should you pay?
The payment of National Insurance contributions provides the mechanism by which an individual builds up their entitlement to the state pension and certain contributory benefits. Different classes of contribution provide different benefit entitlements.
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