EJ Chartered Accountants

1 month 1 week ago

Less than 100 days left to file your 17/18 self assessment return.

Avoid the last minute rush to complete your 2017 to 2018 Self Assessment tax return by completing it early.

EJ Chartered Accountants

1 month 2 weeks ago

Common questions - Business Entertainment

QUESTION
I am throwing a summer party for my staff and am allowing the staff to bring a guest. I have incurred VAT on the hire of the venue, entertainment and catering. Can I claim this VAT?

ANSWER
Yes, but only the proportion of the VAT incurred that can be said to relate to the staff. The VAT incurred in regard to attendees that are not staff is restricted under the Business Entertainment rules. The VAT will therefore need to be apportioned accordingly.
However, there is an alternative which you could use to claim all the VAT you incurred on the party.
HMRC advises that entertainment is Business Entertainment when it is provided free of charge to anyone who is not an employee.
Therefore, if you were to make a small admission charge to the non-employees then the entertainment would not be provided free of charge and thus would not be Business Entertainment.
You would be required to declare VAT on the admission charges, by charging for admission you would also be able to recover all VAT incurred in throwing the party.

EJ Chartered Accountants

3 months 6 days ago

Down to earth accounting for small businesses

When it comes to running a small business, you’ve got a lot to think about - and keeping on top of your accounts can often get pushed to the bottom of your to-do list.

I’m here to help. From bookkeeping and payroll support to making sure you’re not overpaying your taxes, I can do as much or as little as you need - leaving you free to get on with growing your business.

Flexible
Whether you only need help with your tax returns or you want someone to take it all off your hands, I’ll work in whatever way suits you best.

Convenient
I can visit you or you can come to me, and there’s no need to book appointments weeks in advance. We can even talk on the phone if that’s easier for you.

Honest
All my fees will be agreed up front, with no hidden charges or surprises. I won’t charge you for every phone call or email, because I want you to talk to me if you need to.

Professional
I’m a small business specialist, and my accounting service is regulated and quality-assessed by the Institute of Chartered Accountants of Scotland.

Friendly
I’m passionate about what I do and I love seeing small businesses grow and succeed. I’ll always give 100% and be here to help in any way I can.