VN Accountancy & Bookkeeping Limited

If you are following our guide on starting a new business - this week, it is an easy step... ➡️ You need to set up a business bank account 🔗: https://lnkd.in/eeeisZ6n 📧: info@vnaccountancy.co.uk

💭Do you run up expenses at work that are not reimbursed? 💰You may be able to claim Income Tax relief on eligible employment expenses that have not been reimbursed by your employer 💰If you file a self assessment tax return, relief must be claimed on the employment pages 💰But for employees who do not file a self assessment, it is possible to claim tax relief using an online form (P87) 💰It will be necessary to provide evidence of the expenses incurred Expenses on which tax relief can be claimed include: 💰Working from home (if your employment contract requires you to do so) 💰Repairing or replacing a uniform or small tools 💰Travel for business journeys (not journeys to or from work) 💰Professional fees and subscriptions Every little helps! But please ensure you are eligible to claim before doing so! 🔗: https://lnkd.in/eeeisZ6n 📧: info@vnaccountancy.co.uk

With the tax/financial year end approaching, now is a good time to check that you’re making the most of the available reliefs and allowances available to you❗ 💰Savings - maximise your ISA allowance of £20,000 per year 💰Pension - consider adding to your pension 💰Capital Gains Tax - you might wish to consider bringing forward capital gains to before 6 April 2025 if you haven’t used your £3,000 CGT annual exemption for 2024/25 Please talk to us if you think any of the above affect you or to discuss any last minute options you may have. 🔗: https://lnkd.in/eeeisZ6n 📧: info@vnaccountancy.co.uk #TaxTip #YearEnd #FinancialYearEnd #Tax #Accountant

Looks like Frances and Rebecca had a fantastic time today at the Festival of Accounting & Bookkeeping. We are looking to hearing all about it tomorrow.

Starting a business is an exciting venture🤩 and last week we talked about the business structure options to choose from. 💰This week, let's talk about registering with HMRC and getting set up to pay tax All businesses must register with HM Revenue & Customs (HMRC) - whether a sole trader or a limited company... Considering tax is critical to business planning and no one wants to pay too much! 🔗: https://lnkd.in/eeeisZ6n 📧: info@vnaccountancy.co.uk

Are you thinking of getting a new vehicle for your business?🛻 🛻HMRC has published new guidance regarding a change in the interpretation of how Double-Cab Pickup (DCPU) vehicles should be classified for car benefit, capital allowances and some deductions from business profits purposes 🛻Previously, HMRC accepted that if the payload of a DCPU was 1 tonne or more, it was a goods vehicle, not a car, and therefore qualified for beneficial capital allowances and benefit in kind treatment 🛻From April 2025, HMRC will no longer apply the payload test and instead consider the vehicle’s primary suitability when it was constructed 🛻As DCPUs are ‘dual-purpose’ they are not primarily suited to carrying goods or burden and so will be classed as cars🚗 🛻So if you are considering purchasing a DCPU - ordering a DCPU prior to 6 April 2025 could ensure that the more attractive benefit in kind tax treatment that applies to goods vehicles is available for a few more years If you need advice, we are here to help! 🔗: https://lnkd.in/eeeisZ6n 📧: info@vnaccountancy.co.uk

We have loved February this year! The highlight being Frances joining the VN team and fitting right in - welcome Frances and we are sure many of our clients will love working with you!🥰 🤝We have had a whole host of year end planning meeting with clients 🤝and salary planning with Directors ready for 25/26 to ensure the level is tailored to the company and individuals circumstances 🧠We continue to ensure our CPD is relevant and up to date and have included training on Cyber Security, Making Tax Digital, Pre Year end planning and Payrolling Benefits 🎂VN Accountancy & Book-Keeping turned 3! We had a lovely celebration lunch and of course cake in the office 😋 🎟️We attended Bicester Buzz and the 2020 Innovation Spring Conference - it was great to see so many wonderful people and businesses! 🧁Vicky went cupcake decorating with her daughter - more cake! 🥰 Now into March and we are still hoping for more cake as we work on the last push to the financial year end!😉 🔗: https://lnkd.in/eeeisZ6n 📧: info@vnaccountancy.co.uk

Starting a business is an exciting venture 🤩 But it comes with financial, tax, and accounting responsibilities that you must be ready for. Understanding what you will need to do from the outset will help make sure that you don’t miss anything, avoid unnecessary costs, and position your new business for success 📈 First in this series of posts, we look at how to decide on the right legal structure for your business... Each structure has different tax and legal implications, so it pays to take enough time to make sure you make the best choice for you 🔗: https://lnkd.in/eeeisZ6n 📧: info@vnaccountancy.co.uk

The annual self-assessment tax return deadline may already seem like a distant memory, or a recent nightmare - was it a mad scramble to get it all together or did you glide through the process relatively unscathed? 🫣 Almost a third of tax-payers hadn’t submitted their tax return going into the final week before the deadline. The stress of last-minute filing may have made you determined to get it all done earlier this year. 👍 The good news is that with proactive planning, next year’s tax return can be a much smoother process. ➡️ Here are some practical steps you can take now to avoid a last-minute rush and enjoy a more relaxed 2025 ➡️ Keep following us for more advice and tips or get in touch if you need help 🔗: https://lnkd.in/eeeisZ6n 📧: info@vnaccountancy.co.uk

Thank you Joel for this review and we have enjoyed working with you! We can't wait to see your business grow - as this is exactly what we are here for - let us do the accounts, so you can focus on what you are good at! "VN Accountancy & Bookkeeping have been a game-changer for me. They simplified everything my old accountants had made overly complex, providing fast, professional, and prompt support throughout. Their efficient approach has lifted a huge burden, allowing me to focus on what’s truly important—growing my small business. Highly recommend their services!" Joel Thomas, Personal Trainer #FiveStarReview #SmallBusiness #HappyClient #Accountant #BookKeeper #SmallBusinessSupport #SMESupport #FindANewAccountant