Our Accountancy Blog | Makes Sense Accountants
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Businesses which are not using the cash basis can claim capital allowances for capital items that are used in the business, such as plant and machinery, tools and equipment, and so on. Where the annual investment allowance, which gives an immediate 100% deduction against profits is...

Under the self-assessment system, a taxpayer is required to make payments on account – advance payments towards the eventual tax and National Insurance liability – where the previous year’s self-assessment bill was £1,000 or more, unless more than 80% of the tax liability is deducted at source, for example,...

The deadline for filing the 2017/18 self-assessment tax return of 31 January 2019 has now passed. You filed your return on time and paid the tax that you thought was due, but you know realise that you have made a mistake. Is it too late to correct it,...

How do you help your accountant? One way of *not* helping them is the tried and trusted method of stuffing receipts into a box or bag and dropping it off at their office once a year. Do you even know when the tax year starts and ends? It...

Here is Makes Sense Accountants Spring Update 2018 A must read for any business looking to save taxes and keep up to date with changes in legislation. Download your free copy by clicking on the link below - Make it Count - Spring 2018...

Some people start their businesses without an accountant. How simple does that sound? But not many continue to flourish without one. Copywriter Nicki Cawood says: “I'm a freelancer and have used an accountant for years. My only complaint? I didn't think to do it sooner. No looking over my shoulder wondering...