Tax & NIC

Tax on gifts to employees...

Can directors and employees receive gifts from the company tax free?   Giving gifts to your employees can be a great way to increase engagement and raise the overall morale of your team. But how much can you…

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VAT Deferral Scheme

The VAT Deferral Scheme

VAT Deferral Scheme Have you joined the new VAT payment deferral scheme? Following a recent announcement by HMRC, it is no longer business as usual. It instigates that millions of taxpayers who deferred VAT payments in 2020 can…

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Accountant

How to Choose the Right...

How to Choose the Right Small Business Accountant Once you have decided it’s time to hire an accountant, the next question is who? Let along how! For any small business, choosing the right accountant is critical. In the…

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Debtors & Creditors

Everything you need to know...

Everything you need to know about Creditors and Debtors As much as two terms may seem simple and easy to remember, understanding the debtors and creditors concept is a quandary. Ernest & Co Accountants is here to help…

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Business After Brexit

Business after Brexit

Business after Brexit For the last couple of years, there was uncertainty over the Brexit deal. Well, the confusion is now over as it is here with us. What now? Is it business as usual? Small to medium-sized…

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Tax & NIC

Tax and NIC Thresholds for...

Tax and NIC Thresholds for 2021 As a business owner, I’m sure you have been eagerly waiting for the HMRC news on the 2021/22 thresholds for income tax, statutory payments and national insurance contributions (NIC). They are among…

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Due Diligence

Benefits of doing Financial Due...

Benefits of doing Financial Due Diligence Whether it is bidding, staffing or procurement, it is wise to seek professional advice before making a critical business decision. As a small business owner, failure to carry out reasonable due diligence…

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Budget 2021

Crucial aspects of the Budget...

The main aspects of the Budget 2021 The long awaited budget is finally out and the chancellor really knuckled down on it really hard in his desire to recoup all the government expenditure incurred through the pandemic support.…

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post covid

How Covid-19 Will Further the...

How Covid-19 Will Further the Need for Efficient Accounting From startups to large businesses, no one has been spared from the inevitable wrath of Covid-19. Evidently, most businesses have had their fair share of the roller coaster economic…

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SEISS

MORE HELP FOR SELF EMPLOYED...

The SEISS scheme introduced by the government in 2020 following the lockdown has been extended to September 2021 with a fourth and fifth grant. The self employed who will be eligible for the scheme will be contacted by…

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