Business Accountant


Business Accountant is the brand we use with our Sponsors and Referral partners.

Business Accountant is also a blog whose authors are all CIMA Members in Practice.

www.business-accountant.com

Recent Posts

  • Did you know Life Cover is now classed as a business expense?
    Life Insurance is now tax-free and classified as a business expense. Offering death in service benefits to you or your employees ensures they don’t have to worry about their loved ones should the unthinkable happen. Whether you’re a company director who wants to offer it to you and your staff, or contractor who wants it for your own family, Life Insurance has always come with hefty tax implications. But that’s no longer the case. Changes mean big savings. As a director or a... Read more »
  • Three reasons why Directors love Relevant Life cover
    If you’re a Director, you may already have Life Insurance to look after your loved ones after you’re gone. In return for paying a monthly premium, it pays out a lump sum to help look after them. But many contractors are switching to a product called Relevant Life cover, because it is much more cost-effective. Here’s why. It’s classed as a business expense.   Unlike traditional Life Insurance, which you pay out of your own pocket, Relevant Life cover can be classed... Read more »
  • A Guide to Trusts and Tax Efficient Life Insurance
    When it comes to planning your family’s financial future, it makes good sense to take all steps possible to protect their standard of living. Arranging your life insurance in the right way, to give your loved ones the maximum possible benefit  is an important consideration. One option when taking out life insurance is putting the policy into a trust. And yet according to insurer Aegon, only 6% of life-insurance policies in the UK are set up in this way.  This is surprising as it can be advantageous... Read more »
  • Accountants are the key to small business success
    Steve J Bicknell Last week the ICAS reported based on IFAC research.. SMEs were shown to traditionally rely on accountants as a main source of business advice. One study identified an 8.1% average increase in sales growth and a 29% decrease in likelihood of failure for businesses using an external accountant. Also last week smallbusiness reported that 1.3 million britons want to start their own business. So when would a business need to contact an external accountant? Business Plans Budgeting and Forecasting Cash Flow Management Buy or Rent decisions Capital... Read more »
  • Life Insurance isn’t as expensive as you might think – especially if your company pays for it with Relevant Life Expert.
    The perception of how much life insurance costs is nearly 400% above the actual cost, according to a survey from Critical Research. From a poll of 1,011 people, 48% cited affordability as the main reason for not obtaining life insurance. On average, those surveyed thought £100,000 of life cover would cost £50.98 per month, and 47% said they had no idea how much life insurance really costs… Life insurance can start from as little as £6 per month and is an... Read more »
  • The plastic £5 is coming in September – what do you think? good or bad?
    Steve J Bicknell The New Fiver was unveiled at Blenheim Palace on 2 June and will be shown to the public at a number of events across the UK this summer. The New Fiver will enter circulation on 13 September. It will then take a few weeks for the notes to spread across the country to shops, businesses and banks. In May 2017 paper £5 notes will cease to be legal tender and will no longer be accepted by shops and banks. Other... Read more »
  • Are you PSC ready?
    Steve J Bicknell From the 30th June 2016 all companies will be required to prepare a PSC Register. You need to start keeping a register of your people with significant control (PSC). A PSC is someone in your company who: owns more than 25% of the company’s shares holds more than 25% of the company’s voting rights holds the right to appoint or remove the majority of directors has the right to, or actually exercises significant influence or control holds the right to exercise or actually exercises... Read more »
  • HMRC have raised over £500m in unpaid tax and penalties!
    Steve J Bicknell Taskforces are specialist teams that undertake intensive bursts of activity in specific high risk trade sectors and locations in the UK. The teams will visit traders to examine their records and carry out other investigations. HM Revenue and Customs (HMRC) taskforces have recovered more than £500 million since they were launched five years ago. The targeted bursts of enforcement activity have brought in progressively higher amounts every year, and the total now stands at more than £540 million. This... Read more »
  • www.stevejbicknell.com blog smashes through 300,000 hits!
    Steve J Bicknell http://www.stevejbicknell.com has now had over 300,000 views, nearly 200,000 unique visitors and on Sunday reached a new daily views high of 1,396 views in a single day! I think that’s pretty impressive for a Tax and Accounting Blog! We have over 7,000 followers and our most popular day is Tuesday and the best time is 1pm, which is interesting as last year it was Wednesday at 10am. Our top 3 blogs of all time are: https://stevejbicknell.com/2012/04/07/a-quick-guide-to-vat-on-sandwiches-takeaway-food-cakes-and-pasties/ https://stevejbicknell.com/2013/01/31/self-assessment-payment-shipley-or-cumbernauld/ https://stevejbicknell.com/2012/12/15/when-should-you-charge-vat-on-inter-company-recharges/ January 2016 has had the highest... Read more »
  • Photos can be bad for Business!
    Steve J Bicknell Do you think photos are important? would you use a photo like this on Linked In? What does your head shot say about you? Using a photo taken at a wedding or on holiday with a glass of wine in your hand, or one taken 20 years ago, maybe sending out the wrong message and costing you thousands in lost opportunties. Headshot mistakes from John Cassidy How you present yourself matters, with social media you are your own brand. For example... Read more »