by Jo Watson Davies | Jul 29, 2024 | XYZ explained
When we hear about bosses’ bonuses and dividends for shareholders, you could be forgiven for thinking that every company prioritises profit and that a business is only considered successful based on its profitability. Far from it. In the UK today, there are...
by Jo Watson Davies | Apr 26, 2024 | XYZ explained
(Well almost, your accountant knows the rest) You might associate the term capital allowances with business expenditure and taxation and think it has something to do with bigger businesses and those which purchase machinery and vehicles. Capital allowances are a...
by Jo Watson Davies | Mar 12, 2024 | XYZ explained
The dust is settling on last week’s budget announcements, some of which were the UK’s worst-kept secret, whilst others were largely anticipated. Few were surprised by the Chancellor’s changes to tax rules and allowances on short-term holiday lets which have...
by Jo Watson Davies | Jan 30, 2024 | XYZ explained
Strictly speaking, you don’t have to register your business for VAT until you reach the turnover threshold of £85,000 per 12-month trading period. And, turnover means your total sales, not profits, so a start-up business can quickly become liable. What every new...
by Jo Watson Davies | Nov 30, 2023 | XYZ explained
It’s getting to the time of year when procrastination is alive and thriving as the deadline for self-assessment tax return submissions looms. To be fair, clients of Rackham’s Accountants don’t tend to find themselves waking in a cold sweat over this matter. Our...
by Jo Watson Davies | Sep 27, 2023 | XYZ explained
Hundreds of retail bank branches have closed down across the UK in the past 18 months. This has left some communities with no physical banking facilities. Those in need of an over-the-counter service are forced to travel to a congested branch that may have restricted...
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