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Setting your business payment terms

Healthy cash flow is important for any business. Business owners who set clear payment terms with their customers, invoice quickly, and follow up on late payment can avoid the dreaded cash flow crunch. We’ve put together some simple guidelines for setting payment terms that can help you get paid quickly and […]

Getting onto the property ladder – tax incentives

Buying a property is one of the biggest financial commitments an individual will ever make in their lifetime. A minimum deposit of 5% is typically required to secure a mortgage. To get a good mortgage interest rate, however, you’ll often need more than 20% of the home’s value as a […]

Paid promotions on Social Media

The influencer marketing industry is growing rapidly, with many brands looking to work with celebrities and those with a large number of social media followers in order to reach their target audiences. Last year we wrote a warning to Snapchat users about abiding by advertising regulations following a high profile […]

Your guide to ISAs

What is an ISA? An ISA (Individual Savings Account) is a tax-free way to save or invest. An ISA itself is not an investment in its own right; it is a tax wrapper that you place around an investment which in effect shields it from some or all of the […]

Video Games Tax Relief

Tax relief on your video game production costs Video Games Tax Relief was introduced in April 2014 to promote the UK games industry. Although many costs of the games were (and still are) eligible for R&D tax relief (such as increasingly realistic graphics, sound or playability or development of existing games to work on […]

Completing your Twitch tax interview

Have you recently become a Twitch Affiliate? Congratulations! But before you complete your Twitch tax interview, make sure you read this first to save you from potentially making costly mistakes! What is a Twitch tax interview and why do I need to complete one? In order to comply with US […]

Company Car Tax and Electric Vehicles

Company car tax Under the current rules, purchasing and owning a car via a corporate entity attracts a benefit in kind on the employee (director) who has use of the car. The company car tax calculation is based on the CO2 emissions of the car and the list price of […]

Spring Statement 2018 – Key Measures

The Chancellor’s 2018 Spring Statement earlier this month gave the government the opportunity to consider the longer-term fiscal challenges ahead of Brexit, and initiate consultations on how these can be addressed. Following this, we have put together an overview of the measures announced in the Statement, along with the key changes […]

Tax treatment of cryptocurrency

Cryptocurrency has seen an incredible surge in popularity amongst investors in recent months. The most popular of these virtual currencies by far is the bitcoin, although there are approximately 1000 others. In 2017, bitcoin rose in value by a staggering 1,600%, with a single bitcoin worth £7,641 as of 28th February 2018. […]

YouTube announces changes to Partner Program

Thousands of smaller creators have expressed their outrage this week at YouTube’s unexpected update to their Partner Program terms. The changes, effective from 17th January 2018, mean that YouTube channels will only be eligible for monetization of their videos if they have 4,000 hours of viewing time over 12 months […]