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# An Accounting Gem

A Precious Service You Can Count On

## Sitemaps

- [XML Sitemap](https://www.aag-accountants.co.uk/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Witty Guide to Celebrating Midsummer Day](https://www.aag-accountants.co.uk/witty-guide-to-celebrating-midsummer-day/) - Blog Introduction: Summer has finally arrived, and there is no better way to celebrate the peak of the season than by throwing a Midsummer Day party.
- [Filing your P11Ds and P11D(b)](https://www.aag-accountants.co.uk/filing-your-p11ds-and-p11db/) - If you provided expenses & benefits to your employees during the 22/23 tax year & did not payroll those benefits, you need to tell HMRC about them on a P11D.
- [Happy National Camping Month](https://www.aag-accountants.co.uk/happy-national-camping-month/) - The month of June marks National Camping Month, and what better way to celebrate than to pack up your gear and head out into the countryside for a few days?
- [Letting a room in your home](https://www.aag-accountants.co.uk/letting-a-room-in-your-home/) - If you have spare rooms in your home, you may consider renting them out to generate additional income. This post explains the Tax exemptions & tax implications.
- [Stop Copying Your Competitors: Why Knowing Who You Are Matters More Than How You Look](https://www.aag-accountants.co.uk/stop-copying-your-competitors-why-knowing-who-you-are-matters-more-than-how-you-look/) - Stop copying competitors. Discover how brand clarity helps attract better clients, build trust and grow your business with confidence and purpose.
- [Proudly Supporting Ipswich and the Surrounding Communities](https://www.aag-accountants.co.uk/proudly-supporting-ipswich-and-the-surrounding-communities/) - Friendly local accountants in Ipswich, providing clear advice, personal support and patient guidance for businesses and individuals.
- [Your Website Should Reflect the Business You're Building](https://www.aag-accountants.co.uk/your-website-should-reflect-the-business-youre-building/) - Your website should reflect where your business is heading. Learn how aligning vision and messaging attracts better-fit clients.
- [From Vision Day to Momentum: The First 4 Weeks](https://www.aag-accountants.co.uk/from-vision-day-to-momentum-the-first-4-weeks/) - Discover how the first 4 weeks after a Vision Day turn clarity into action, helping business owners build momentum and achieve lasting growth.
- [Vision Day vs Business Coaching](https://www.aag-accountants.co.uk/vision-day-vs-business-coaching/) - Vision Day vs business coaching: discover which is right for you. Gain clarity, build a practical plan and create direction for your business.
- [When to bring in tax planning (and why timing matters)](https://www.aag-accountants.co.uk/when-to-bring-in-tax-planning-and-why-timing-matters/) - Discover why tax planning works best when it supports your wider business and personal goals. Learn when timing matters and how to plan proactively.
- [What to do when you have outgrown your business model](https://www.aag-accountants.co.uk/what-to-do-when-you-have-outgrown-your-business-model/) - Feeling stretched by your current business model? Learn the signs you’ve outgrown it and how a Vision Day can help you plan what’s next.
- [When to Say No: A Decision Framework for Business Owners](https://www.aag-accountants.co.uk/when-to-say-no-a-decision-framework-for-business-owners/) - A simple decision framework to help small business owners say no with confidence, reduce stress and stay focused on what matters most.
- [Cash Flow and Planning](https://www.aag-accountants.co.uk/cash-flow-and-planning/) - Feeling cash-tight even when the numbers look fine? Here's why profit doesn't equal cash and how to close the gap in your business plan.
- [What Does Success Mean for You in 12 Months?](https://www.aag-accountants.co.uk/what-does-success-mean-for-you-in-12-months/) - Define success in business with a simple 10-minute exercise to clarify your goals, set meaningful measures and create a practical 12-month plan.
- [From Stuck to Clear: Signs You Need a Vision Day](https://www.aag-accountants.co.uk/from-stuck-to-clear-signs-you-need-a-vision-day/) - Discover the signs you need a Vision Day. Get clarity, reset direction and build a business plan that supports your goals. Call 01473744700.
- [Lifestyle by design, building a business that fits your life.](https://www.aag-accountants.co.uk/lifestyle-by-design-building-a-business-that-fits-your-life/) - Build a business that fits your life with clear time, energy and income goals. Create sustainable growth without constant availability.
- [The 3 Questions That Put Your Purpose to Work](https://www.aag-accountants.co.uk/the-3-questions-that-put-your-purpose-to-work/) - The 3 questions that put your purpose to work so you make clearer decisions, attract better-fit clients, and build a business that supports your life.
- [Why More Turnover Is Not a Vision (and What to Aim for Instead)](https://www.aag-accountants.co.uk/why-more-turnover-is-not-a-vision-and-what-to-aim-for-instead/) - More turnover isn’t a vision. Discover what your business should fund in your life and how a Vision Day gives clarity. Call 01473 744700.
- [Claiming Expenses: What You Can (and Can’t) Claim as a Small Business Owner (UK)](https://www.aag-accountants.co.uk/claiming-expenses-what-you-can-and-cant-claim-as-a-small-business-owner-uk/) - Claiming expenses as a small business owner? Learn what you can and can’t claim, how to handle mixed use costs, and stay HMRC-compliant.Bottom of Form
- [Succession Planning: Securing the Future of Your Business](https://www.aag-accountants.co.uk/succession-planning-securing-the-future-of-your-business/) - Prepare for a smooth handover. Succession planning protects your legacy and keeps your business future-ready.
- [The Real Cost of Materials: Are You Accidentally Working for Free?](https://www.aag-accountants.co.uk/the-real-cost-of-materials-are-you-accidentally-working-for-free/) - Stop “working for free” on jobs, recover true materials and labour costs, plug hidden profit leaks and price construction work to protect your margin.
- [When Work Goes Quiet: 10 Cost-Free Marketing Ideas for Small Trades Businesses](https://www.aag-accountants.co.uk/when-work-goes-quiet-10-cost-free-marketing-ideas-for-small-trades-businesses/) - 10 simple, free marketing ideas to keep your trade business busy, attract better local customers and turn one-off jobs into steady, profitable work.
- [When Uncertainty Strikes: 10 Cost-Free Marketing Ideas for Small Trades & Local Businesses](https://www.aag-accountants.co.uk/when-uncertainty-strikes-10-cost-free-marketing-ideas-for-small-trades-local-businesses/) - 10 free, simple marketing ideas to help trades and local businesses get seen locally, win more good jobs and keep the diary full year-round.
- [Electric Cars and the 2025 Budget](https://www.aag-accountants.co.uk/electric-cars-and-the-2025-budget/) - Clear guide to new UK EV taxes, road tax and mileage rules so small businesses can budget, reimburse staff and stay on the right side of HMRC.
- [🎄 Christmas Parties and Staff Gifts: What’s Tax-Deductible?](https://www.aag-accountants.co.uk/🎄-christmas-parties-and-staff-gifts-whats-tax-deductible/) - Find out which staff parties and Christmas gifts are tax-deductible; simple HMRC rules explained for small businesses by An Accounting Gem.
- [Sole Trader or Limited Company? Choosing the Best Structure for Your Business](https://www.aag-accountants.co.uk/sole-trader-or-limited-company-choosing-the-best-structure-for-your-business/) - Unsure whether to register as a sole trader or limited company? Our guide explains the pros, cons and tax differences with expert help from An Accounting Gem.
- [Ipswich This Weekend (24–26 Oct): What’s On + How An Accounting Gem Can Help Next Week](https://www.aag-accountants.co.uk/ipswich-this-weekend-24-26-oct-whats-on-how-an-accounting-gem-can-help-next-week/) - What’s on in Ipswich this weekend (24–26 Oct). After the fun, An Accounting Gem can help next week with receipts, VAT and cash flow.
- [Why Ipswich Is a Great Place to Start a Small Business](https://www.aag-accountants.co.uk/why-ipswich-is-a-great-place-to-start-a-small-business/) - Discover why Ipswich is an ideal place to start a small business; affordable, connected and supported by a thriving local community.
- [🌟 What’s On Around Ipswich This Weekend (Fri 17 – Sun 19 October 2025)](https://www.aag-accountants.co.uk/🌟-whats-on-around-ipswich-this-weekend-fri-17-sun-19-october-2025/) - Discover exciting Ipswich and Suffolk weekend events, from park runs to live music plus how An Accounting Gem helps you start next week strong.
- [The 10 Most Overlooked Tax Deductions for Small Businesses in East Anglia](https://www.aag-accountants.co.uk/the-10-most-overlooked-tax-deductions-for-small-businesses-in-east-anglia/) - Discover 10 often-overlooked HMRC-approved tax deductions to help small businesses in East Anglia save money and reduce taxable profits.
- [🎉 What’s on in Ipswich this weekend (26–28 September 2025)](https://www.aag-accountants.co.uk/🎉-whats-on-in-ipswich-this-weekend-26-28-september-2025/) - What’s on in Ipswich this weekend? Explore music, markets and more—then let An Accounting Gem Ltd support your business on Monday.
- [🌟 The Weekend Will Soon Be Here…](https://www.aag-accountants.co.uk/🌟-the-weekend-will-soon-be-here/) - What’s on in Ipswich this weekend: park run, live music, comedy & more. Brought to you by An Accounting Gem Ltd, rest well, we’ll handle Monday.
- [Five Smart Ways Haulage Companies Can Cut Their Tax Bill](https://www.aag-accountants.co.uk/five-smart-ways-haulage-companies-can-cut-their-tax-bill/) - The haulage sector has faced plenty of challenges in recent years. Fuel costs, insurance premiums and maintenance all add up, and margins can be tight.
- [Top 5 Tax-Saving Strategies for Construction Businesses](https://www.aag-accountants.co.uk/top-5-tax-saving-strategies-for-construction-businesses/) - Running a construction business is about more than finishing jobs on time & keeping costs under control, It is also about making sure your profit is protected
- [This Weekend in Ipswich (15–17 August): Culture, Trails & Fresh Thinking](https://www.aag-accountants.co.uk/this-weekend-in-ipswich-15-17-august-culture-trails-fresh-thinking/) - Explore Ipswich this weekend with trails, workshops & wildlifethen let An Accounting Gem help your business shine on Monday.
- [Our Team – The Heart of An Accounting Gem](https://www.aag-accountants.co.uk/our-team-the-heart-of-an-accounting-gem/) - Award-winning accountants in Ipswich, dedicated to loyal, long-term client care and going the extra mile for your business success.
- [What’s On in Ipswich – Weekend of 8–10 August 2025](https://www.aag-accountants.co.uk/whats-on-in-ipswich-weekend-of-8-10-august-2025/) - Discover what’s on in Ipswich this weekend, from art trails to parkruns. Refresh, explore, and let An Accounting Gem Ltd handle Monday’s numbers.
- [What’s On in Ipswich: 1st–3rd August](https://www.aag-accountants.co.uk/whats-on-in-ipswich-1st-3rd-august/) - What's on in Ipswich this weekend? From monster trucks to live music and art trailsfind your perfect way to unwind and recharge, 1st–3rd August.
- [🎉 Weekend Events in Ipswich](https://www.aag-accountants.co.uk/🎉-weekend-events-in-ipswich/) - Unwind in Ipswich this weekend with art, photography, and fun runs. Brought to you by An Accounting Gem Ltd, your local business ally.
- [A Brilliant Win for An Accounting Gem](https://www.aag-accountants.co.uk/a-brilliant-win-for-an-accounting-gem/) - Award-winning service! An Accounting Gem wins 2025 Accountancy Firm of the Year—celebrating team excellence and trusted client support.
- [Events in Ipswich This Weekend](https://www.aag-accountants.co.uk/events-in-ipswich-this-weekend/) - Discover top events in Ipswich this weekend: music festivals, family adventures and art trails.
- [How to Scale Your Business Without Losing Control](https://www.aag-accountants.co.uk/how-to-scale-your-business-without-losing-control/) - Strategic business planning meetings to help you scale with clarity, structure and confidence without losing control of your business.
- [This Weekend in Ipswich: Community, Culture & Canines!](https://www.aag-accountants.co.uk/this-weekend-in-ipswich-community-culture-canines/) - Explore Ipswich this weekend with hares, dogs, concerts & markets. An Accounting Gem Ltd supports your balancein life and business.
- [The Weekend Is Nearly Here – Ipswich Events Roundup (20–22 June 2025)](https://www.aag-accountants.co.uk/the-weekend-is-nearly-here-ipswich-events-roundup-20-22-june-2025/) - Ipswich weekend events: jazz, BBQs, kids shows & community fun (20–22 June). Unwind with An Accounting Gem Ltd's weekly local roundup.
- [This weekend in Ipswich](https://www.aag-accountants.co.uk/this-weekend-in-ipswich/) - Find out what's happening in Ipswich this weekend – from markets and live music to family events and local festivals, there's something for everyone to enjoy.
- [Budgeting Tips That Actually Work (Even If You Hate Numbers)](https://www.aag-accountants.co.uk/budgeting-tips-that-actually-work-even-if-you-hate-numbers/) - Simple budgeting tips for small businesses in Ipswich and East Anglia. Practical advice to stay in control, save for tax and plan for growth.
- [How to Cope with Rising Prices When Your Income Isn’t Budging](https://www.aag-accountants.co.uk/how-to-cope-with-rising-prices-when-your-income-isnt-budging/) - Simple, realistic tips to help you manage rising costs and make the most of your money – without sacrificing your sanity.
- [Tax Planning Tips for Small Business Owners](https://www.aag-accountants.co.uk/tax-planning-tips-for-small-business-owners/) - Tax planning tips to help small business owners in Ipswich and East Anglia save money and avoid HMRC stress from An Accounting Gem Ltd.
- [Is Your Business Financially Fit?](https://www.aag-accountants.co.uk/is-your-business-financially-fit/) - Keep your business financially fit with regular health checks. Spot issues early, boost cash flow, and plan with confidence.
- [How to Increase Profitability in a Small Business](https://www.aag-accountants.co.uk/how-to-increase-profitability-in-a-small-business/) - Increase your small business profits with smart pricing, cost control and better planning. Simple steps that make a big difference.
- [Business Planning That Powers Growth](https://www.aag-accountants.co.uk/🚀-business-planning-that-powers-growth/) - Plan your business growth with confidence. Tailored business planning meetings in Ipswich to help you focus, grow and stay in control.
- [Landlords and the Self-Employed: Get Ready for Making Tax Digital for Income Tax – Coming April 2026](https://www.aag-accountants.co.uk/landlords-and-the-self-employed-get-ready-for-making-tax-digital-for-income-tax-coming-april-2026/) - Landlords & sole traders earning £50k+ must follow MTD rules from April 2026. Find out what it means and how to prepare in our latest blog.
- [Big Tax Changes for UK Businesses – What You Need to Know from HMRC’s Spring 2025 Update](https://www.aag-accountants.co.uk/big-tax-changes-for-uk-businesses-what-you-need-to-know-from-hmrcs-spring-2025-update/) - Spring 2025 UK tax changes: cash basis default, IR35 updates, CGS simplification and more. What it means for small businesses.
- [Don’t Overpay Tax in July 2025: Could You Reduce Your Self-Assessment Payment on Account?](https://www.aag-accountants.co.uk/dont-overpay-tax-in-july-2025-could-you-reduce-your-self-assessment-payment-on-account/) - "Find out how to reduce your July 2025 Self-Assessment payment on account if your income has dropped. Avoid overpaying tax and stay HMRC compliant."
- [What Is an Overdrawn Directors’ Loan Account – And Why Does It Matter?](https://www.aag-accountants.co.uk/what-is-an-overdrawn-directors-loan-account-and-why-does-it-matter/) - Overdrawn directors’ loan accounts can trigger major tax charges. Learn what they are, why they matter, and how to stay on the right side of HMRC.
- [NMW and NLW update](https://www.aag-accountants.co.uk/nmw-and-nlw-update/) - Minimum wage rates have increased from 1 April 2025. Update payroll, check staff pay by age, and stay compliant to avoid costly penalties.
- [Setting the 2025/26 salary](https://www.aag-accountants.co.uk/setting-the-2025-26-salary/) - How to pay yourself tax-efficiently as a company director in 2025/26 and secure a qualifying year for your State Pension. Salary and dividend tips inside.
- [MARCH 2025 The end is nigh – 5 April 2025](https://www.aag-accountants.co.uk/march-2025-the-end-is-nigh-5-april-2025/) - Make the most of your tax allowances before 5 April 2025. Smart year-end tips on income, pensions, ISAs, and more to help you save tax.
- [Late payment of taxes](https://www.aag-accountants.co.uk/late-payment-of-taxes/) - Avoid HMRC penalties—learn about late payment fines for Income Tax, VAT, PAYE, and Corporation Tax. Stay compliant and set up a Time to Pay plan.
- [Payroll Reporting Deadlines: Key Dates for the 2024/25 Tax Year](https://www.aag-accountants.co.uk/payroll-reporting-deadlines-key-dates-for-the-2024-25-tax-year/) - Stay HMRC compliant with key payroll deadlines for 2024/25. Get FPS, P60, and P11D reporting dates, plus updates on Benefits in Kind reporting changes.
- [How to Save Tax in the UK: Best Tax Planning Tips for 2024-25](https://www.aag-accountants.co.uk/how-to-save-tax-in-the-uk-best-tax-planning-tips-for-2024-25/) - Looking to save tax in the UK for the 2024-25 tax year? Discover essential tax planning tips and strategies to cut your tax bill before 5 April 2025.
- [Small Company Dividend Strategies](https://www.aag-accountants.co.uk/small-company-dividend-strategies-2/) - As the tax year-end approaches, it’s the perfect time for small company directors and shareholders to take charge of their finances.
- [Tax Planning Dividend Strategies](https://www.aag-accountants.co.uk/small-company-dividend-strategies/) - As the end of the tax year approaches, company directors and shareholders should take proactive steps to minimise their tax liabilities on dividend payments.
- [Understanding the New Tax Changes for Pick-Up Trucks Effective April 2025](https://www.aag-accountants.co.uk/understanding-the-new-tax-changes-for-pick-up-trucks-effective-april-2025/) - For businesses, this change means that double-cab pick-ups will now be subject to higher BIK charges, similar to those applied to company cars.
- [Celebrating 20 Years of Excellence: An Accounting Gem Ltd's Journey and Vision](https://www.aag-accountants.co.uk/celebrating-20-years-of-excellence-an-accounting-gem-ltds-journey-and-vision/) - An Accounting Gem Ltd is thrilled to celebrate its 20th anniversary, marking two decades of dedicated service and growth.
- [NIC increases from April 2025](https://www.aag-accountants.co.uk/nic-increases-from-april-2025/) - The Autumn Budget 2024 introduced significant updates to employer National Insurance contributions and the Employment Allowance, effective from 6 April 2025.
- [VAT – register or de-register?](https://www.aag-accountants.co.uk/vat-register-or-de-register/) - As a trader, navigating VAT obligations can be a challenge, particularly when understanding when to register or de-register.
- [Need time to pay your January 25 tax bill?](https://www.aag-accountants.co.uk/need-time-to-pay-your-january-25-tax-bill/) - If you’re struggling to pay your self-assessment bill, don’t wait until the deadline passes. Proactively setting up a Time to Pay arrangement.
- [Tax-free vehicle fuel and running cost reimbursements](https://www.aag-accountants.co.uk/tax-free-vehicle-fuel-and-running-cost-reimbursements/) - The car fuel scale charge is a taxable benefit arising when an employer provides fuel for an employee's private use in a company car.
- [Payroll reporting December 24. Are you paying staff early this month?](https://www.aag-accountants.co.uk/payroll-reporting-december-24-are-you-paying-staff-early-this-month/) - Paying employees earlier than usual in December can inadvertently affect their benefit entitlements. To mitigate such issues, HMRC has provided guidance.
- [Tax-free Christmas celebration](https://www.aag-accountants.co.uk/tax-free-christmas-celebration/) - As the festive season approaches, many employers look to host Christmas parties to show appreciation for their staff.
- [Tax deadlines December 2024](https://www.aag-accountants.co.uk/tax-deadlines-december-2024/) - As we approach December, it's crucial to be aware of the upcoming tax filing and payment deadlines to ensure compliance and avoid potential penalties.
- [Reviewing minimum wage payments](https://www.aag-accountants.co.uk/reviewing-minimum-wage-payments/) - To comply with the law while maintaining their tax planning strategy, directors in this position may need to reassess their remuneration structures.
- [Tax on savings interest](https://www.aag-accountants.co.uk/tax-on-savings-interest/) - Many clients are confused by the special rules that govern tax payments due, if at all, on interest received from savings.
- [New-business challenges 2024/25](https://www.aag-accountants.co.uk/new-business-challenges-2024-25/) - Setting up a new business is not a project for the faint of heart. A detailed business plan is the key to making a success of your new business.
- [Pre-budget planning options - Considering possible tax planning opportunities before the 30th of October budget announcements](https://www.aag-accountants.co.uk/pre-budget-planning-options-considering-possible-tax-planning-opportunities-before-the-30th-of-october-budget-announcements/) - Pre-budget planning options - Considering possible tax planning opportunities before the 30th of October budget announcements
- [Registering for Pension Credits - The importance of registration winter 2024, searching for the 880,000.](https://www.aag-accountants.co.uk/registering-for-pension-credits-the-importance-of-registration-winter-2024-searching-for-the-880000/) - Registering for Pension Credits - The importance of registration winter 2024, searching for the 880,000 who have not applied and maybe due this benefit.
- [VAT Registration - Do you need to register?](https://www.aag-accountants.co.uk/vat-registration-do-you-need-to-register/) - If you supply services or sell goods that are subject to VAT you will need to register for VAT if your annual turnover exceeds £90,000.
- [Tax increases on the way -The Chancellor’s veiled announcement](https://www.aag-accountants.co.uk/tax-increases-on-the-way-the-chancellors-veiled-announcement/) - In her announcement to parliament, the Chancellor, Rachel Reeves, confirmed a £22bn deficit in the UK’s finances, She hinted that taxes would need to rise.
- [Tax relief for pension contributions](https://www.aag-accountants.co.uk/tax-relief-for-pension-contributions/) - Tax relief for pension contributions - At present, tax relief can be claimed on individuals’ contributions at their highest rate of income tax.
- [New government elected - Expected tax changes](https://www.aag-accountants.co.uk/new-government-elected-expected-tax-changes/) - We have a new government, elected with a landslide majority, and so we can expect changes as the new broom sweeps away the cobwebs.
- [Overpaying student loans - Action to take if you pay back more than you owe](https://www.aag-accountants.co.uk/overpaying-student-loans-action-to-take-if-you-pay-back-more-than-you-owe/) - Have you paid back more student loan than you owe? Has your employer had you on the wrong repayment plan? Was your annual income below the threshold?
- [Savings Interest and Tax](https://www.aag-accountants.co.uk/savings-interest-and-tax/) - Savings in tax-free accounts like Individual Savings Accounts (ISAs) and some National Savings and Investments accounts do not count towards your allowance.
- [When to incorporate your business](https://www.aag-accountants.co.uk/when-to-incorporate-your-business-2/) - Are thinking of setting up a business, do you already operate as a sole trader? you may be considering whether to incorporate your business and if so when?
- [Reporting 2023-24 taxable benefits - Reminder to deal with any reporting to HMRC before the July deadline](https://www.aag-accountants.co.uk/reporting-2023-24-taxable-benefits-reminder-to-deal-with-any-reporting-to-hmrc-before-the-july-deadline/) - Employers need to report taxable expenses and other benefits that they provide to their employees before the July 2024 filing deadline.
- [Why business planning is imperative 2024/25](https://www.aag-accountants.co.uk/why-business-planning-is-imperative-2024-25/) - The best way to stay conscious of developments, changes, and challenges is to actively review progress regularly, call An Accounting Gem today on 01473 744700.
- [Company dividends - Tax consequences 2024-25](https://www.aag-accountants.co.uk/company-dividends-tax-consequences-2024-25/) - Directors who run their own limited company will be well versed in the NIC saving strategy of taking their remuneration as a small salary and the majority of their earnings as dividends.
- [Making Tax Digital – the transition to quarterly tax returns for Self Assessment](https://www.aag-accountants.co.uk/making-tax-digital-the-transition-to-quarterly-tax-returns-for-self-assessment/) - From April 2026, self-employed individuals and landlords with an income of more than £50,000 will be required to keep digital records and provide quarterly updates to HMRC through MTD-compatible software. Those with an income of between £30,000 and £50,000 will need to do this from April 2027.
- [Changes to Paternity Leave & Pay - More flexibility from April 2024](https://www.aag-accountants.co.uk/changes-to-paternity-leave-pay-more-flexibility-from-april-2024/) - HM Government has amended how Paternity Leave and Pay can be claimed and taken. The new arrangement will make it more flexible for fathers and partners.
- [VAT Registration changes](https://www.aag-accountants.co.uk/vat-registration-changes/) - The 12-month taxable turnover threshold determining whether a business must be registered for VAT will increase from £85,000 to £90,000 from 1st April 2024.
- [Why tax planning is a worthwhile investment 2024-25](https://www.aag-accountants.co.uk/why-tax-planning-is-a-worthwhile-investment-2024-25/) - Tax planning offers an opportunity to reduce the amount of tax that you pay and make a positive contribution to outpace the economic downturn and emerge financially secure.
- [Furnished holiday lettings-Abolition of special tax regime](https://www.aag-accountants.co.uk/furnished-holiday-lettings-abolition-of-special-tax-regime/) - The FHL special tax regime will be abolished from 6th April 2025. From that date, FHLs will be taxed in the same way as other residential lets.
- [Tax breaks if working from home 2024-25](https://www.aag-accountants.co.uk/tax-breaks-if-working-from-home-2024-25/) - If you are choosing, or required to work from home, you may be able to benefit from several tax breaks.
- [High-Income Child Benefit Charge 2024/25 Changes](https://www.aag-accountants.co.uk/high-income-child-benefit-charge-2024-25-changes/) - The High-Income Child Benefit Charge is a tax charge that claws back child benefit where the claimant and/or their partner has adjusted net income over £50,000.
- [National Minimum and Living Wage - Changes](https://www.aag-accountants.co.uk/national-minimum-and-living-wage-changes/) - Employers are required to pay workers at least the National Living Wage or National Minimum Wage for their age. The rates are increased from 1st April 2024.
- [March 2024 Budget - Key announcements](https://www.aag-accountants.co.uk/march-2024-budget-key-announcements/) - Highlights of the key changes in the Spring Budget including Child Benefit reforms, Increase in the VAT registration threshold.
- [Companies House Reforms - March 2024 changes](https://www.aag-accountants.co.uk/companies-house-reforms-march-2024-changes/) - New rules concerning registered office addresses come into effect from 4th March 2024.
- [Undeclared dividends - HMRC targets company owners](https://www.aag-accountants.co.uk/undeclared-dividends-hmrc-targets-company-owners/) - HMRC’s latest one-to-many letter targets company owners who they believe may have failed to declare dividend income on the shareholder's personal tax return.
- [Reduce your tax bill Year-End tax planning](https://www.aag-accountants.co.uk/reduce-your-tax-bill-year-end-tax-planning/) - As the end of the 2023/24 tax year approaches, consider whether you can reduce your tax bill by taking advantage of allowances and exemptions .
- [Extracting company profits - Options for 2023-24](https://www.aag-accountants.co.uk/extracting-company-profits-options-for-2023-24/) - If you run a family or personal company, you will need to consider how best to extract profits from your company. An Accounting Gem can help you.
- [Mileage allowances - Are you due an NIC refund?](https://www.aag-accountants.co.uk/mileage-allowances-are-you-due-an-nic-refund/) - Under the NIC rules, payments of ‘relevant motoring expenditure’ are disregarded in calculating earnings for NIC purposes up to the qualifying amount.
- [Extracting profits from your company](https://www.aag-accountants.co.uk/extracting-profits-from-your-company/) - If you operate your business as a personal or family company, you will need to extract profits if you want to use them to meet personal expenditures.
- [File your 2022/23 Self-Assessment Tax Return](https://www.aag-accountants.co.uk/file-your-2022-23-self-assessment-tax-return/) - If you need to file a Self-Assessment tax return for 2022/23 you will need to file your return online by midnight on 31st January 2024 to avoid a penalty.
- [Upcoming deadlines - Key dates January 2024](https://www.aag-accountants.co.uk/upcoming-deadlines-key-dates-january-2024/) - Taxpayers must undertake various tasks, such as filing returns and paying tax, by certain dates. If these deadlines are missed, HMRC may charge penalties
- [When to incorporate your business](https://www.aag-accountants.co.uk/when-to-incorporate-your-business/) - If you are thinking of setting up a business, or if you already operate as a sole trader, when is the best time to incorporate your business?
- [Why tax planning is a worthwhile investment 2023-24](https://www.aag-accountants.co.uk/why-tax-planning-is-a-worthwhile-investment-2023-24/) - Tax planning offers a unique opportunity to reduce the amount of tax you pay to outpace the current economic downturn and emerge financially more secure.
- [Christmas parties and gifts](https://www.aag-accountants.co.uk/christmas-parties-and-gifts/) - If you hold a Christmas party every year, you may be able to take advantage of the tax exemption for annual parties and functions.
- [Check your state pension today](https://www.aag-accountants.co.uk/check-your-state-pension-today/) - To receive a full single-tier state pension (available to individuals reaching state pension age on or after 6 April 2016), you need 35 qualifying years.
- [Autumn Statement 2023](https://www.aag-accountants.co.uk/autumn-statement-2023/) - Reducing debt, cutting tax and rewarding hard work, backing British business, building domestic and sustainable energy and delivering a world-class education.
- [Electric vehicles tax breaks - 2023-24](https://www.aag-accountants.co.uk/electric-vehicles-tax-breaks-2023-24/) - If you provide an employee with a company car that is available for the employee’s private use, the employee is taxed on the resulting benefit.
- [World Savings Day 31st October](https://www.aag-accountants.co.uk/world-savings-day-31st-october/) - World Savings Day was originally conceived to promote thriftiness worldwide. Interestingly, it was initially known as World Thrift Day!
- [Student Loan Repayments](https://www.aag-accountants.co.uk/student-loan-repayments/) - Self-Assessment tax returns must be filed by midnight on 31st January following the end of the tax year to which the return relates.
- [Dormant companies - Tell HMRC](https://www.aag-accountants.co.uk/dormant-companies-tell-hmrc/) - If you have a dormant company, you may receive a letter from HMRC asking you to confirm that no tax is due, even if you have already told them.
- [HMRC Deadlines - October 2023](https://www.aag-accountants.co.uk/hmrc-deadlines-october-2023/) - Taxpayers must undertake various tasks, by certain dates. If these deadlines are missed, HMRC may charge late filing and late payment penalties.
- [The Advantages of Staff Members Using Personal Vehicles](https://www.aag-accountants.co.uk/driving-success-together/) - In today's dynamic business landscape, finding innovative ways to enhance productivity and employee satisfaction is paramount.
- [File your 2022/23 tax return now](https://www.aag-accountants.co.uk/file-your-2022-23-tax-return-now/) - Although the deadline for filing your 2022/23 Self-Assessment tax return online is not until 31st January 2024, there are benefits to filing early.
- [National Dog Day on August 26th](https://www.aag-accountants.co.uk/national-dog-day-on-august-26th/) - Get ready to mark your calendars and shower your furry companions with love and treats because National Dog Day is just around the corner!
- [Overlap relief - Claim it or lose it](https://www.aag-accountants.co.uk/overlap-relief-claim-it-or-lose-it/) - Claims for overlap relief for 2023/24 tax year must be made in the Self-Assessment tax return for that year, which must be filed by midnight on 31 January 2025.
- [International Cat Day - 8th August ](https://www.aag-accountants.co.uk/international-cat-day-8th-august/) - Cats have established themselves as cherished members of countless households. Their warm presence has therapeutic effects on their human counterparts.
- [Key dates in August 2023 - Deadlines](https://www.aag-accountants.co.uk/key-dates-in-august-2023-deadlines/) - Taxpayers must undertake certain tasks, such as filing returns and paying tax, by certain dates. If these deadlines are missed, penalties may be charged by HMRC
- [Check your State Pension Forecast](https://www.aag-accountants.co.uk/check-your-state-pension-forecast/) - The state pension provides a foundation for your retirement finances, and it's essential to have a clear understanding of what you can expect from it.
- [Home Responsibilities Protection (HRP)](https://www.aag-accountants.co.uk/home-responsibilities-protection-hrp/) - Home Responsibilities Protection (HRP) reduced the number of years that a person in receipt of child benefit needed in order to qualify for full state pension.
- [New employees - taking on a new employee](https://www.aag-accountants.co.uk/new-employees-taking-on-a-new-employee/) - HMRC will be contacting employers from 12 July 2023 onwards to provide guidance and support on dealing with new employees.
- [Upcoming deadlines - Key dates in July](https://www.aag-accountants.co.uk/upcoming-deadlines-key-dates-in-july/) - Taxpayers must undertake certain tasks, such as filing returns and paying tax, by certain dates. If these deadlines are missed, HMRC may charge penalties.
- [Diesel company cars - key letters](https://www.aag-accountants.co.uk/diesel-company-cars-key-letters/) - It is important that you use the correct key letter to let HMRC know if the car is a petrol or diesel car, and whether the 4% supplement applies.
- [Claim Child Benefit using the HMRC app](https://www.aag-accountants.co.uk/claim-using-the-hmrc-app/) - This note explains the nature of the child benefit, how to claim, and the impact of the High Income Child Benefit Charge.
- [Work-related expenses - Tax relief](https://www.aag-accountants.co.uk/work-related-expenses-tax-relief/) - Many employees incur expenses in undertaking their job. However, the rules that govern tax relief for employment expenses are notoriously strict.
- [Fuel benefit charge- Make good by 6 July](https://www.aag-accountants.co.uk/fuel-benefit-charge-make-good-by-6-july/) - A fuel benefit tax charge arises when the employer meets the cost of fuel for private journeys in a company car. However, this charge can be avoided.
- [Understanding Dividends](https://www.aag-accountants.co.uk/understanding-dividends/) - When it comes to distributing profits in a business, dividends play a significant role. we will explore how dividends work in small businesses & limited companies.
- [Approaching employer deadlines - P60, P11D and P11D(b)](https://www.aag-accountants.co.uk/approaching-employer-deadlines-p60-p11d-and-p11db/) - After tax year end, employers need to provide certain information to employees & to HMRC as regards both pay & deductions & taxable expenses & benefits.
- [Benefits of filing your tax return early](https://www.aag-accountants.co.uk/benefits-of-filing-your-tax-return-early/) - Filing your tax return early has a number of benefits. Firstly, filing early can help you avoid potential mistakes, it can also help you get your refund sooner.
- [Small Businesses - avoid late payments](https://www.aag-accountants.co.uk/small-businesses-avoid-late-payments/) - Late payments can be a major problem for small businesses, as they can disrupt cash flow & make it difficult to pay bills and meet other financial obligations.
- [Everything you need to know about VAT](https://www.aag-accountants.co.uk/everything-you-need-to-know-about-vat/) - VAT is a tax that is added to goods & services at various stages of production & distribution. In this guide, we will discuss everything you need to know about VAT & being registered.
- [Gift Aid - Carrying back relief](https://www.aag-accountants.co.uk/gift-aid-carrying-back-relief/) - The Gift Aid scheme allows the charity to reclaim 25p for every £1 that you donate, and you are able to benefit from tax relief on your donation.
- [Simple Assessment - Don't pay twice](https://www.aag-accountants.co.uk/simple-assessment-dont-pay-twice/) - HMRC has issued paper copies of Simple Assessments. If you have paid digitally you do not need to pay again on receipt of a paper assessment.
- [Moving to MTD for VAT](https://www.aag-accountants.co.uk/moving-to-mtd-for-vat/) - If you use the Annual Accounting Scheme for VAT, from 15 May 2023, you will not be able to use your existing VAT Online account to file your annual VAT return.
- [CGT - Tax Free Gains 2023-24](https://www.aag-accountants.co.uk/cgt-tax-free-gains-2023-24/) - Review all the assets you own that are currently worth less than you paid for them. Should you dispose of them and make use of the capital losses?
- [Record keeping for Dividends](https://www.aag-accountants.co.uk/record-keeping-for-dividends/) - A dividend is a distribution made from a company’s retained profits. The dividend must be properly declared.
- [Extracting Profits- Optimal salary level](https://www.aag-accountants.co.uk/extracting-profits-optimal-salary-level/) - Directors of personal & family companies will need to extract profits from their company if they wish to use them for their personal use.
- [Tax Planning for Individuals 2023-24](https://www.aag-accountants.co.uk/tax-planning-for-individuals-2023-24/) - As announced in the Autumn Statement 2022, most of the personal tax & NIC rates & allowances are to be frozen at current levels until April 2028.
- [Corporation tax increases-1st April 2023](https://www.aag-accountants.co.uk/corporation-tax-increases-1st-april-2023/) - Corporation tax is being reformed from 1 April 2023. The changes may affect how much corporation tax you pay & how you calculate your corporation tax liability.
- [Tax Relief for R&D - April 2023 Changes](https://www.aag-accountants.co.uk/tax-relief-for-rd-april-2023-changes/) - Companies that undertake research and development (R&D) may be able to benefit from targeted tax reliefs. There are two schemes - SME R&D and RDEC.
- [What is an Associated Company?](https://www.aag-accountants.co.uk/what-is-an-associated-company/) - If you are within the scope of corporation tax, you may be aware that the rules are changing from 1st April 2023.
- [Beat the 5th April ISA deadline](https://www.aag-accountants.co.uk/beat-the-5th-april-isa-deadline/) - The Bank of England again increased the base rate on 23/3/2023 – by 0.25% to 4.25%. You may want to consider opening an ISA for 2022/23 to shelter your savings interest from tax.
- [Changes to capital allowances from April 2023](https://www.aag-accountants.co.uk/changes-to-capital-allowances-from-april-2023/) - The capital allowances super-deduction for companies is replaced by full expensing from 1 April 2023. Please note, the changes will only affect companies.
- [National Minimum Wages From 1st April 2023](https://www.aag-accountants.co.uk/national-minimum-wages-from-1st-april-2023/) - By law, employers must pay the National Minimum Wage (NMW) as a minimum. The rate will be dependent on the age of the employee, or if they're an apprentice.
- [Spring Budget 2023 - Pension tax regime](https://www.aag-accountants.co.uk/spring-budget-2023-pensions-tax-regime/) - The pension lifetime allowance is scrapped from 6 April 2023 and the pension annual allowance is increased from the same date.
- [Problem solving - Why keeping in touch is important](https://www.aag-accountants.co.uk/problem-solving-why-keeping-in-touch-is-important/) - Based on our experience of problem-solving for numerous business owners in previous years, we have a wealth of experience available to help you.
- [Directors National Insurance - Annual Recalculation](https://www.aag-accountants.co.uk/directors-national-insurance-annual-recalculation/) - Company directors have an annual earnings period for National Insurance contributions. This may necessitate an annual recalculation at the end of the tax year.
- [Tax-Free Childcare - How to get tax-free help](https://www.aag-accountants.co.uk/tax-free-childcare-how-to-get-tax-free-help/) - The Government’s childcare scheme allows working parents to set up an online account to pay their childcare costs & receive a tax-free top-up.
- [Holiday Homes - Meeting your tax obligations](https://www.aag-accountants.co.uk/holiday-homes-meeting-your-tax-obligations/) - HMRC sent letters to individuals who they believe have undeclared income from letting holiday homes & short term lets on sites such as Airbnb & Booking.com
- [Child Benefit - High Income Charges](https://www.aag-accountants.co.uk/child-benefit-high-income-charges/) - Some/all of your child benefit may be clawed back by the High Income Child Benefit Charge, if you or your partner have adjusted net income in excess of £50,000.
- [Making Tax Digital for Income Tax - Start date delayed](https://www.aag-accountants.co.uk/making-tax-digital-for-income-tax-start-date-delayed/) - Making Tax Digital for Self Assessment was due to be introduced in April 2024. The start date has been delayed, it will now be phased in from April 2026
- [Self-assessment tax - How to pay your self-assessment bill](https://www.aag-accountants.co.uk/self-assessment-tax-how-to-pay-your-self-assessment-bill/) - Tax returns for 2021/22 must be filed online by midnight on 31 January 2023. Interest is charged whe tax is paid late, and penalties may also apply.
- [Tax Planning for Individuals - 2022-23](https://www.aag-accountants.co.uk/tax-planning-for-individuals-2022-23/) - In the Autumn Statement 2022, most of the personal tax and NIC rates and allowances are to be frozen at current levels for a further two years until April 2028.
- [Voluntary National Insurance Contributions](https://www.aag-accountants.co.uk/voluntary-national-insurance-contributions/) - Before making voluntary contributions, check your National Insurance record. You can do this online by visiting www.gov.uk/check-national-insurance-record.
- [Energy Bills Discount Scheme - What you need to know](https://www.aag-accountants.co.uk/energy-bills-discount-scheme-what-you-need-to-know/) - The EBDS applies from 1 April 2023 until 31 March 2024. It replaces the EBRS, this ends on 31 March 2023. It is given automatically there is no need to apply
- [Business Tax Review 2022-23](https://www.aag-accountants.co.uk/business-tax-review-2022-23/) - As a quick fix, you could transfer between 15% and 20% of your monthly profits to a deposit account to reserve for this liability.
- [Business Profits Review 2022-23](https://www.aag-accountants.co.uk/business-profits-review-2022-23/) - The checklist that follows this introduction is relevant for any business structure: sole trader, partnership, or limited company.
- [Which way to turn? Coping with financial challenges](https://www.aag-accountants.co.uk/which-way-to-turn-coping-with-inflation-recession-and-other-financial-challenges/) - This update sets out some of the business and personal financial challenges for 2023-24, and a few ideas for countering these challenges.
- [HMRC Penalties - The impact of taxpayers behaviour](https://www.aag-accountants.co.uk/hmrc-penalties-the-impact-of-taxpayers-behaviour/) - If a penalty has been charged & you do not think that it should have been, you can appeal against the penalty within 30 days of the date of the penalty notice.
- [HMRC - Responses by SMS text messages](https://www.aag-accountants.co.uk/hmrc-responses-by-sms-text-messages/) - Since 19 January 2023, HMRC have been trialling sending an SMS text message response to some callers to their income tax helpline
- [Super Deductions ends on 31st March 2023](https://www.aag-accountants.co.uk/super-deductions-ends-on-31st-march-2023/) - The super deduction scheme was a temporary tax relief scheme designed to encourage businesses to invest in plant and machinery ending on 31st March 2023
- [Season’s Greetings - A few ideas to improve your Christmas and New Year’s break](https://www.aag-accountants.co.uk/seasons-greetings-a-few-ideas-to-improve-your-christmas-and-new-years-break/)
- [Self-assessment tax return deadlines - File your tax return on time](https://www.aag-accountants.co.uk/self-assessment-tax-return-deadlines-file-your-tax-return-on-time/)
- [Mini-Budget U-turns](https://www.aag-accountants.co.uk/mini-budget-u-turns/)
- [We will be closed Monday 19th September](https://www.aag-accountants.co.uk/we-will-be-closed-monday-19th-september/)
- [New government support with energy bills - Government announces new Energy Price Guarantees](https://www.aag-accountants.co.uk/new-government-support-with-energy-bills-government-announces-new-energy-price-guarantees/)
- [Cost-of-living crisis - Coping with rising costs](https://www.aag-accountants.co.uk/cost-of-living-crisis-coping-with-rising-costs/)
- [Filing your VAT return - Have you signed up to MTD for VAT?](https://www.aag-accountants.co.uk/filing-your-vat-return-have-you-signed-up-to-mtd-for-vat/)
- [Recovery loan scheme extended for a further two years](https://www.aag-accountants.co.uk/recovery-loan-scheme-extended-for-a-further-two-years/)
- [Problem solving with An Accounting Gem - Why staying connected will help us, help you](https://www.aag-accountants.co.uk/problem-solving-with-an-accounting-gem-why-staying-connected-will-help-us-help-you/)
- [Tax-free Childcare - How to Claim Tax-free Help Towards Childcare Costs](https://www.aag-accountants.co.uk/tax-free-childcare-how-to-claim-tax-free-help-towards-childcare-costs/)
- [National Insurance Contributions - Have you updated the Class 1 primary threshold?](https://www.aag-accountants.co.uk/national-insurance-contributions-have-you-updated-the-class-1-primary-threshold/)
- [Reduce tax payments for 31 July 22? It may be possible if your income for 2021-22 was lower than the previous year, read on...](https://www.aag-accountants.co.uk/reduce-tax-payments-for-31-july-22-it-may-be-possible-if-your-income-for-2021-22-was-lower-than-the-previous-year-read-on/)
- [Tax Returns 2021-2022 - Filing sooner is better than later](https://www.aag-accountants.co.uk/tax-returns-2021-2022-filing-sooner-is-better-than-later/)
- [Landlords and MTD challenges](https://www.aag-accountants.co.uk/landlords-and-mtd-challenges/)
- [We are looking for our new Apprentice.](https://www.aag-accountants.co.uk/are-you-ready-to-become-a-world-class-accountant/)
- [Business planning for 2022](https://www.aag-accountants.co.uk/business-planning-for-2022/)
- [How to access current Government grants](https://www.aag-accountants.co.uk/how-to-access-current-government-grants/)
- [Available tax breaks this Christmas](https://www.aag-accountants.co.uk/available-tax-breaks-this-christmas/)
- [Kickstart Scheme deadline fast approaching](https://www.aag-accountants.co.uk/kickstart-scheme-deadline-fast-approaching/)
- [Attention landlords - Tax saving tips](https://www.aag-accountants.co.uk/what-you-can-write-off-against-tax-for-replacement-of-domestic-items-in-your-rented-properties/)
- [Why tax planning is a sound investment](https://www.aag-accountants.co.uk/why-tax-planning-is-a-sound-investment/)
- [Budget 2021](https://www.aag-accountants.co.uk/budget-2021/)
- [Making Tax Digital for Income Tax Self-Assessment](https://www.aag-accountants.co.uk/making-tax-digital-for-income-tax-self-assessment/)
- [30 days to pay capital gains tax](https://www.aag-accountants.co.uk/30-days-to-pay-capital-gains-tax/)
- [Customer Spotlight: Spartan IT Systems](https://www.aag-accountants.co.uk/customer-spotlight-spartan-it-systems/)
- [Filing deadlines and tax saving tips for 2020-21](https://www.aag-accountants.co.uk/filing-deadlines-tax-saving-tips/)
- [What are the new National Minimum Wage rates?](https://www.aag-accountants.co.uk/what-are-the-new-national-minimum-wage-rates/)
- [Will HMRC contact me about SEISS payments?](https://www.aag-accountants.co.uk/will-hmrc-contact-me-about-seiss-payments/)
- [Can I claim the fourth and fifth SEISS payouts during 2021?](https://www.aag-accountants.co.uk/can-i-claim-the-fourth-and-fifth-seiss-payouts-during-2021/)
- [How do I move my business forward after lockdown?](https://www.aag-accountants.co.uk/how-do-i-move-my-business-forward-after-lockdown/)
- [How will budget changes affect me?](https://www.aag-accountants.co.uk/how-will-budget-changes-affect-me/)
- [How I can I avoid late penalty charges for self-assessment taxes?](https://www.aag-accountants.co.uk/how-i-can-i-avoid-late-penalty-charges-for-self-assessment-taxes/)
- [Will the CIS Reverse Charge affect me?](https://www.aag-accountants.co.uk/will-the-cis-reverse-charge-affect-me/)
- [What is Pay As You Grow (PAYG)?](https://www.aag-accountants.co.uk/what-is-pay-as-you-grow-payg/)
- [Tax planning for landlords](https://www.aag-accountants.co.uk/tax-planning-for-landlords/)
- [Income Tax – avoiding higher rates of tax](https://www.aag-accountants.co.uk/income-tax-avoiding-higher-rates-of-tax/)
- [Dealing with VAT arrears](https://www.aag-accountants.co.uk/dealing-with-vat-arrears/)
- [Tax return late filing fine deferred for one month](https://www.aag-accountants.co.uk/tax-return-late-filing-fine-deferred-for-one-month/)
- [What is the VAT Reverse Charge?](https://www.aag-accountants.co.uk/vat-reverse-charge/)
- [What tax do I need to pay by 31st January 2021?](https://www.aag-accountants.co.uk/tax-deadline-31january/)
- [National lockdown and increased government support](https://www.aag-accountants.co.uk/national-lockdown-and-increased-government-support/)
- [Claim back when working from home](https://www.aag-accountants.co.uk/claim-back-when-working-from-home/)
- [Furlough Scheme extended to April 2021](https://www.aag-accountants.co.uk/furlough-extended-april-2021/)
- [How Xero can help your business](https://www.aag-accountants.co.uk/how-xero-can-help-your-business/)
- [Your top tax tips for Christmas 2020](https://www.aag-accountants.co.uk/christmas-tax-tips/)
- [Considering staff redundancies?](https://www.aag-accountants.co.uk/considering-staff-redundancy/)
- [Making the most of extended retail hours](https://www.aag-accountants.co.uk/extended-retail-hours/)
- [Are you ready for 1st January 2021?](https://www.aag-accountants.co.uk/brexit-1st-january-2021/)
- [Furlough claims from 1st November 2020](https://www.aag-accountants.co.uk/furlough-claims-changes/)
- [Start preparing for Post-Brexit VAT](https://www.aag-accountants.co.uk/post-brexit-vat/)
- [Coronavirus Bounce Back Loan – Top Up](https://www.aag-accountants.co.uk/bounce-back-loan/)
- [Extension to furlough: Here's what we know so far](https://www.aag-accountants.co.uk/furlough-extended/)
- [Changes To Commercial Vehicle Rules](https://www.aag-accountants.co.uk/changes-to-commercial-vehicle-rules/)
- [Cashflow](https://www.aag-accountants.co.uk/healthy-cashflow/) - Cash flow forecasts are a standard stage of business development, most often used to make important business decisions or secure investment or financing.
- [Changes to the Local Restriction Support Grants](https://www.aag-accountants.co.uk/changes-to-the-local-restriction-support-grants/)
- [Changes to the Self Employed Income Support Scheme](https://www.aag-accountants.co.uk/changes-to-the-self-employed-income-support-scheme/)
- [Changes to the Job Support Scheme](https://www.aag-accountants.co.uk/changes-to-the-job-support-scheme/)
- [Importance Of Fee Protection](https://www.aag-accountants.co.uk/importance-of-fee-protection/)
- [Kickstart Scheme](https://www.aag-accountants.co.uk/kickstart-scheme/)
- [Follow Your Dreams – Starting Your Own Business](https://www.aag-accountants.co.uk/follow-your-dreams-starting-your-own-business/)
- [Ways To Increase Resilience During A Recession](https://www.aag-accountants.co.uk/ways-to-increase-resilience-during-a-recession/)
- [Importance Of Marketing During A Recession](https://www.aag-accountants.co.uk/importance-of-marketing-during-a-recession/)
- [Beat the budget.](https://www.aag-accountants.co.uk/beat-the-budget/)
- [Automate your bookkeeping with Xero and Receipt Bank to unlock more time.](https://www.aag-accountants.co.uk/automate-your-bookkeeping-with-xero-and-receipt-bank-to-unlock-more-time/) - SPECIAL OFFER if you sign up with An Accounting Gem today!
- [Construction Reverse VAT Charge Scheme – Now to commence on 1st March 2021](https://www.aag-accountants.co.uk/construction-reverse-vat-charge-scheme-now-to-commence-on-1st-march-2021/)
- [Coronavirus Bounce Back Loan Scheme](https://www.aag-accountants.co.uk/coronavirus-bounce-back-loan-scheme/)
- [Off-payroll working rules known as IR35 delayed to April 2021](https://www.aag-accountants.co.uk/off-payroll-working-rules-known-as-ir35-delayed-to-april-2021/)
- [Benefits of Bookkeeping Software](https://www.aag-accountants.co.uk/benefits-of-bookkeeping-software/)
- [Covid 19 and redundancy - a guide to the UK Government’s Coronavirus Job Retention Scheme and making roles redundant](https://www.aag-accountants.co.uk/covid-19-and-redundancy-a-guide-to-the-uk-governments-coronavirus-job-retention-scheme-and-making-roles-redundant/)
- [Part Time Furlough – Flexible Furlough Started 1st July](https://www.aag-accountants.co.uk/part-time-furlough-flexible-furlough-started-1st-july/) - The Coronavirus Job Retention Scheme (CJRS), launched following strict nationwide lockdowns in response to the outbreak of coronavirus, managed to help one million employers protect the jobs and livelihoods of more than eight million workers.
- [How To Make Your Workplace Covid-Secure](https://www.aag-accountants.co.uk/how-to-make-your-workplace-covid-secure/) - Following a nationwide lockdown designed to curb the spread of coronavirus, the government announced on 10 May 2020 that the country would begin reopening on a phased basis. At the time of writing, we are currently in phase three, meaning that the majority of businesses are now looking at how to get their workplaces in order, so as to be able to return to work.
- [Why We’re Backing Local Start-ups And Why You Should Have Us On Your Team](https://www.aag-accountants.co.uk/why-were-backing-local-start-ups-and-why-you-should-have-us-on-your-team/)
- [5 Reasons Why Outsourcing Bookkeeping & Accounting Is Always Better For SMEs](https://www.aag-accountants.co.uk/5-reasons-why-outsourcing-bookkeeping-accounting-is-always-better-for-smes/) - It’s almost always better for a business owner to outsource their bookkeeping and accounting rather than manage the responsibility themselves. Of course, we have a vested interest in promoting that belief so we wanted to share with you the five most significant ways that an accounting firm adds value to your business.
- [What Help As A Small Business Is Available During The Coronavirus?](https://www.aag-accountants.co.uk/what-help-as-a-small-business-is-available-during-the-coronavirus/) - For small businesses, the coronavirus pandemic has created an environment of severe uncertainty and financial hardship that is constantly changing.
- [How Does Your Business Survive During The Coronavirus?](https://www.aag-accountants.co.uk/how-does-your-business-survive-during-the-coronavirus/) - By now, businesses are starting to understand the impact that coronavirus is going to have on our economy, and on various sectors. For some that impact is already being keenly felt, such as in the hospitality and leisure industries. For others, it is only a matter of time.
- [What Is Wage Push Inflation?](https://www.aag-accountants.co.uk/what-is-wage-push-inflation/) - Wage push inflation is an idea that economists and governments often use as a reason that it could be difficult to increase minimum wage in a country. But what does it actually mean?
- [How To Find Investment](https://www.aag-accountants.co.uk/how-to-find-investment/) - For new businesses, finding investment can be the most nerve-wracking part of getting set up. With thousands of start-ups springing up every year, investors receive dozens of pitches every day, and it will take something special to convince them that yours is the right company to choose.
- [Exit Strategy - Why Do You Need One?](https://www.aag-accountants.co.uk/exit-strategy-why-do-you-need-one/) - An exit strategy is the preparation made by a business owner to leave their company on a permanent or semi-permanent basis.
- [What Is An Entrepreneur?](https://www.aag-accountants.co.uk/what-is-an-entrepreneur/) - Broadly speaking, you can define an entrepreneur as someone who sets up and runs businesses in potentially lucrative unexploited or underexploited niches. The money needed to launch the business will be drawn from their own finances or finance they have raised from other sources.
- [The Advantages And Disadvantages Of Employing Staff](https://www.aag-accountants.co.uk/the_advantages_and_disadvantages_of_employing_staff/) - If you’re a business in the UK, hiring staff can be a big decision. Before taking on employees – whether on a full-time, part-time or self-employed basis – it’s important you have a good reason for adding to your workforce and understand the legal responsibilities that comes with employing new members of staff.
- [How To Sell Your Business](https://www.aag-accountants.co.uk/how-to-sell-your-business/) - Whatever your reasons, there are a number of factors involved in selling your business, that you need to be aware of so that you can sell your business for what it is worth and make the best return on your investment.
- [Ways To Improve Your Staff’s Mental Health](https://www.aag-accountants.co.uk/ways_to_improve_your_staffs_mental_health/) - Mental health issues in the workplace can cause employees to suffer from feelings of nervousness, unease and anxiety, leading to a significant impact on their ability to work effectively.
- [Why Should Self-Employed Taxi Drivers Use Our Service?](https://www.aag-accountants.co.uk/why_should_self-employed_taxi_drivers_use_our_service/) - If you work as a self-employed taxi driver, HMRC require you to file a self assessment tax return each year.
- [Changes to VAT for CIS contractors](https://www.aag-accountants.co.uk/changes_to_vat_for_cis_contractors/) - New VAT rules are about to come into play, which will have an impact on the cash-flow of thousands of small and medium-sized businesses in the UK construction industry, specifically those who are registered with the Construction Industry Scheme (CIS).
- [Marginal Gains, What Are They And Why Do They Make Massive Gains On Your Profits?](https://www.aag-accountants.co.uk/marginal_gains_what_are_they_and_why_do_they_make_massive_gains_on_your_profits/) - Marginal gains theory describes the idea that by making a number of small changes to the way you run your business or organisation
- [Why Use Your Accountant’s Office As Your Registered Address](https://www.aag-accountants.co.uk/why_use_your_accountants_office_as_your_registered_address/) - An Accounting Gem considers, advantages and disadvantages of using your accountant’s office as your company’s registered address
- [VAT Cash Accounting Versus Standard VAT Accounting](https://www.aag-accountants.co.uk/vat_cash_accounting_versus_standard_vat_accounting/) - Describes what VAT is and when you need to register for it and different VAT schemes you can apply to join
- [Small Businesses Owners Join the Challenger Banks Revolution](https://www.aag-accountants.co.uk/small_businesses_owners_join_the_challenger_banks_revolution/) - A challenger bank is one that has no branches. Transactions and payment authorisations are processed digitally using app-based technology
- [Helping Charities and Sports Clubs – Are there Tax Implications?](https://www.aag-accountants.co.uk/helping-charities-and-sports-clubs-what-are-the-tax-implications-for-your-business/) - Philanthropy in business is always a good thing with many small and medium enterprises viewing charity donations and sponsorship as a way of giving back to the people and the areas in which they are based. 
- [Tax planning for the self employed](https://www.aag-accountants.co.uk/tax-planning-for-the-self-employed/) - As a self-employed person it is up to you to work out your tax, take off expenses and then pay it before the deadline each year. Here’s how,
- [Benefits of taking on an apprentice](https://www.aag-accountants.co.uk/benefits-of-taking-on-an-apprentice/) - An apprenticeship is where you take on a trainee to work under you in paid training, combining studying at an educational institution with learning on the job to train them up to a more skilled level.
- [CIS scheme explained](https://www.aag-accountants.co.uk/cis-scheme-explained/) - The 'Construction Industry Scheme (CIS)', brought in by HMRC in 1971 to help minimise evasion and to protect construction workers from being employed illegally.
- [Benefits of advertising on social media](https://www.aag-accountants.co.uk/benefits-of-advertising-on-social-media/)
- [What is a members voluntary liquidation?](https://www.aag-accountants.co.uk/what-is-a-members-voluntary-liquidation/)
- [Why are business plans so important for your business?](https://www.aag-accountants.co.uk/why-are-business-plans-so-important-for-your-business/) - To make your business a success you must have a business plan , this articles summarises the best way to make the most out of your plan.
- [What’s the latest on making tax digital?](https://www.aag-accountants.co.uk/whats-the-latest-on-making-tax-digital/) - HMRC are implementing Making Tax Digital, with the aim to make all tax processes fully automated in the next couple of years. Find out more here:
- [The Profit Diversion Compliance Facility](https://www.aag-accountants.co.uk/the-profit-diversion-compliance-facility/) - This article delves in the what and why's of The Profit Diversion Compliance Facility
- [Tax Return Penalty Appeals](https://www.aag-accountants.co.uk/tax-return-penalty-appeals/) - Missed the deadline for submitting your tax return? This article examines the penalty process and walks you through how to appeal.
- [History of Self Assessment](https://www.aag-accountants.co.uk/history-of-self-assessment/) - Remember when HMRC were responsible for calculating your tax liability? This article delves into the past, present and future of Self Assessments.
- [Requirement to Correct](https://www.aag-accountants.co.uk/requirement-to-correct/) - This article examines the 5Ws of the RTC legislation and the implications this will have to taxpayers who still have offshore tax liabilities.
- [Disguised Remuneration Schemes](https://www.aag-accountants.co.uk/disguised-remuneration-schemes/) - This article examines the new legislation coming into force regarding disguised remuneration schemes and what to do if you think you may have been affected.
- [Death of buy to let](https://www.aag-accountants.co.uk/death-of-buy-to-let/) - Buy to let mortgages have seen a rapid decrease in recent years. This blog delve's into why this may be happening and what can be done to combat this.
- [Benefits of a limited company vs sole trader](https://www.aag-accountants.co.uk/benefits-of-a-limited-company-vs-sole-trader/) - Becoming self employed means you must weigh up a variety of factors. This article delves into the differences of a limited company vs a sole trader.
- [Why use an accountant, and the benefits of using an accountant](https://www.aag-accountants.co.uk/why-use-an-accountant-and-the-benefits-of-using-an-accountant/) - Many small businesses consider an accountant a luxury not a necessity. This article examines the benefits businesses gain by hiring a professional accountant
- [Marriage allowance versus family shareholders](https://www.aag-accountants.co.uk/marriage-allowance-versus-family-shareholders/) - Are you aware of the ways to reduce your tax bill in a family business? An Accounting Gem can advise and implement these schemes so you keep more of your cash
- [Making Tax Digital – the countdown has begun](https://www.aag-accountants.co.uk/making-tax-digital-the-countdown-has-begun/) - Making Tax Digital is the biggest change in financial reporting to hit the UK for decades. We explain what it is and what you need to do, and how we can help.
- [IR35 coming to the private sector](https://www.aag-accountants.co.uk/ir35-coming-to-the-private-sector/) - IR35 is designed to narrow the ways businesses and suppliers can work with each other in a tax efficient way. IR35 in the private sector is coming, be prepared
- [Is someone undercutting your prices?](https://www.aag-accountants.co.uk/is-someone-undercutting-your-prices/) - Has a competitor started undercutting your prices? Are your clients deserting you, are your sales people unsettled and is your revenue dropping because of this?
- [Gross pay pension scheme](https://www.aag-accountants.co.uk/tax-tip/) - If you pay in to a pension scheme the government will top up your pension with tax relief, giving you a free bonus for saving for retirement!
- [New Office Opens](https://www.aag-accountants.co.uk/new-office-opens/) - We now have a second office on the Norwich Road in Ipswich
- [Attention Landlords](https://www.aag-accountants.co.uk/attention-landlords/) - The rules have changed on tax relief for mortgages on buy-to-let properties. We can help you complete the property pages of your personal tax return

## Pages

- [Homepage](https://www.aag-accountants.co.uk/) - We are an Ipswich based, family run firm of accountants and bookkeepers that have been helping local businesses since 1988
- [About Us](https://www.aag-accountants.co.uk/about-us/) - Trusted accounting service provider, dedicated to assisting individuals, sole traders, and limited companies, in the regions of Ipswich, Suffolk, and Essex.
- [Testimonials](https://www.aag-accountants.co.uk/about-us/testimonials/) - Client feedback is very important to our business. We strive to offer every client an individual service and pride ourselves on our positive feedback
- [Privacy Policy & Cookies](https://www.aag-accountants.co.uk/privacy-policy-cookies/)
- [Contact](https://www.aag-accountants.co.uk/contact/) - We would love to hear from you. Contact An Accounting Gem
- [Making Tax Digital](https://www.aag-accountants.co.uk/tax/making-tax-digital/) - We are cloud accounting specialists and we will help you make the transition to digital accounting as straightforward as possible
- [Capital Gains Tax](https://www.aag-accountants.co.uk/tax/capital-gains-tax/) - Capital Gains Tax results from gains made when selling, giving away or disposing of assets you own that have increased in value. Minimise your liability with a tax plan
- [Bookkeeping](https://www.aag-accountants.co.uk/services/bookkeeping/) - Whether starting up for the first time or running an established business, bookkeeping is a vital part of the management process
- [Social Media](https://www.aag-accountants.co.uk/social-media/) - We like to be social. Please see our social media posts and feel free to follow and like us
- [Tax](https://www.aag-accountants.co.uk/tax/) - Just a selection of the taxation topics we can help you with
- [Services](https://www.aag-accountants.co.uk/services/) - Just a selection of the services offered by An Accounting Gem
- [News](https://www.aag-accountants.co.uk/news/) - Our blog will help you keep up to date with latest news and events
- [VAT Returns](https://www.aag-accountants.co.uk/tax/vat-returns/) - Our tax accountants will be happy to help you with sound VAT planning and timely preparation and submission. We’ll even deal with HMRC disputes on your behalf
- [Annual Accounts Preparation](https://www.aag-accountants.co.uk/services/annual-accounts-preparation/) - We don't just file and forget, we use your annual accounts to highlight the health of your business and the areas where we think you can improve
- [Payroll](https://www.aag-accountants.co.uk/services/payroll/) - Payroll processing can seem straightforward but the administration behind it is considerable, so let us carry the burden for you
- [Business Emergency](https://www.aag-accountants.co.uk/business-emergency/) - We can help with the 'panic areas' that our clients may have. But we don’t want to keep all this information to ourselves – we like to help as much as possible!
- [Corporate Tax](https://www.aag-accountants.co.uk/tax/corporate-tax/) - An Accounting Gem have got every base covered. As well as managing the tax compliance obligations of companies, we also provide a corporate tax advisor service
- [Management Accounts](https://www.aag-accountants.co.uk/services/management-accounts/) - We can help you to monitor your business effectiveness with management accounts
- [Fee Protection](https://www.aag-accountants.co.uk/tax/fee-protection/) - We have an excellent record dealing with tax enquiries and can provide you with a comprehensive service
- [Company Secretarial](https://www.aag-accountants.co.uk/services/company-secretarial/) - We can provide all-year-round company secretarial functions to keep your trading compliant, wherever you’re doing business
- [Business Start-Up Support](https://www.aag-accountants.co.uk/services/business-start-up-support/) - We can help you decide the best structure for your business and help you through the process step by step. We’ll do the admin leg-work for you so you can focus on getting your new company up and running
- [Business Plan](https://www.aag-accountants.co.uk/services/business-plan/) - Business plans are decision-making tools. There is no fixed content for a business plan – rather the content and format of the business plan is determined by the goals
- [Self Assessment](https://www.aag-accountants.co.uk/tax/self-assessment/) - Our tax advisers can save you a lot of time, worry, and money by handling your self-assessment for you
- [Personal Tax](https://www.aag-accountants.co.uk/tax/personal-tax/) - We can offer expert advice on your tax affairs and strategies for minimising your liabilities
- [Meet Xero](https://www.aag-accountants.co.uk/tax/meet-xero/) - Xero launched in the UK in 2008 after seeing huge success in its native New Zealand. Its usage has grown exponentially and is now the go-to choice for cloud accounting
- [Construction Industry Scheme (CIS)](https://www.aag-accountants.co.uk/tax/construction-industry-scheme-cis/) - Whether you are a contractor or subcontractor, here at An Accounting Gem we can help make sure you abide by CIS regulations, avoiding any unwelcome penalties

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