The pace of change in the accountancy software landscape is rapid. A high level look at the Xero App Marketplace shows over 700 apps that you can plug into Xero to help manage the finances of your business.

Most people strive to provide for their family. Pensions often form a substantial part of the mix and with a large pension, comes the potential for additional tax through the lifetime allowance and equally the potential to help minimise inheritance tax.

In the UK, value-added tax is payable on chocolate-covered biscuits – but not chocolate-covered cakes. McVitie’s classified Jaffa Cakes as cakes, which HM Revenue & Customs (“HMRC”) accepted but always had misgivings.

Everyone wants to make sure they are claiming everything they can in order to reduce their tax bill. HMRC like business expenses to be wholly and exclusively for the business so things with dual-use are usually not able to be claimed for.

The Government introduced various schemes that have supported some businesses and individuals through the COVID 19 pandemic. The big question on many people’s minds has been “How will this be paid back?”.