Blog - Holeys

14-03-2024

International Day of Mathematics – Do you need to be good at maths to be an accountant?

A very common question you hear is, “Do you need to be good at maths to be an accountant?” Many people assume there is a direct correlation

13-03-2024

Cloud accounting isn’t right for my business! We disagree.

We have come across this common misconception time and time again from business owners who want to embrace the power of cloud accounting but don’t think it’s

08-03-2024

Why do SMEs need an accountant?

If you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant. Engaging with an

06-03-2024

Government Gateway to be replaced with single login system

In a bid to simplify the way in which taxpayers and agents use online services, the Government is rolling out plans to replace Government Gateway accounts with

29-02-2024

Understanding VAT for limited companies and unincorporated businesses

For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities. Understanding VAT is

29-02-2024

Companies House is changing – are you prepared?

New rules are coming into effect on 4 March 2024 which could impact your business if you are registered in the UK and need to file with

22-02-2024

Can I claim Employment Allowance for my business?

The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow

21-02-2024

HMRC U-turns on its double cab pickups tax decision

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars

21-02-2024

Higher rate taxpayer? How to prepare for the end of the tax year

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible. For higher rate

15-02-2024

Loophole closed: Pickups are now classed as cars (NOT vans)

A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be

14-02-2024

Five Self-Assessment deductions you didn’t know you could claim

With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable expenses and deductions to their full potential.

08-02-2024

Understanding payroll responsibilities for apprentice wages

Managing payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential fines, penalties and disputes. If your organisation