Blog – Page 4 – Defacto-FD
Brexit Trading

First steps for UK businesses trading with the EU post Brexit

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This year the 31st of October is set to bring the UK much more than pumpkins and treats. Instead, this year’s Halloween has been hijacked by the Brexit deadline day. Which is sure to still bring the chance of a few frights. Brexit has been something nobody has been able to avoid, despite some best efforts.…

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HMRC phone scams

Beware of ‘HMRC’ phone scams

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Beware of ‘HMRC’ phone scams HMRC phone scams demanding £1,000s in unpaid taxes on the increase If like myself, I’m sure most of you have had heard the horror stories revolving the never-ending types of bogus callers & email scammers out there – trying to get their hands on your hard-earned money. Unfortunately, there seems…

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Advisory Fuel Rates from 1 September 2019

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Advisory Fuel Rates 2019 Advisory Fuel Rates are governmental rates for reimbursing businesses and their employees for the fuel costs of company cars. The most recent update from HMRC on these rates was made at the end of 2018. As such, these rates apply from 1 September 2019, so please make sure to check the…

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10 things you need to know when starting a business

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Starting a business is one of the most exciting moments in your professional career. For many people, it represents a new beginning and an opportunity to be in control of your own life. But it’s not all a walk in the park. Nearly half of all businesses fail within the first year and many more…

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7 Ways to Prevent an HMRC Tax Investigation

7 Ways to Prevent an HMRC Tax Investigation

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How to Prevent an HMRC Tax Investigation Tax investigations may sound like something that only happens in exciting Scandinavian crime-thrillers, but the sad reality is that they are real pain for UK businesses. On average, an HMRC investigation lasts just under 1.5 years and can cost thousands of pounds in accounting fees. And that’s just…

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6 ways sole traders pay less tax

6 Ways Sole Traders Can Pay Less Tax

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How Can Sole Traders Pay Less Tax? Most of the businesses we work with all highlight one key value-add that we help them with: paying less tax. Knowing what steps you can take to reduce your tax bill has a huge impact on the longevity of your business. This blog focuses on some of the…

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7 Ways to Prevent Bad Debt

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How to Prevent Bad Debt At the beginning of the year, reports emerged that insolvencies in the UK were now at an all-time high. The amount of people that had to announce their insolvency hit a seven-year high in 2018. Bad Debts can have a devastating impact on small businesses, quite literally forcing them to…

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The Biggest Advantage of Cloud Accounting

The BIGGEST Advantage of Cloud Accounting

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The BIGGEST advantage of Cloud Accounting I recently had an accident while on a skiing holiday and ended up breaking my ankle. I’m sure many business owners will agree that sitting at home all day with your leg in a cast is no fun, but it would be even more frustrating if it meant you…

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Advisory Fuel Rates from 1 December 2018

 1024 683 Fiona Purves

Advisory Fuel Rates 2019 Advisory Fuel Rates are governmental rates for reimbursing businesses and their employees for the fuel costs of company cars. The most recent update from HMRC on these rates was made at the end of 2018. As such, these rates apply from 1 December 2018, so please make sure to check the…

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Scottish Budget: What does it mean for you?

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What does the Scottish Budget mean for you? We recently wrote a blog on the UK budget, which included the highlights and our opinions on several key matters. As a result, we’ve decided to do the same thing with the Scottish Budget, which makes for some interesting comparisons between Scotland and the rest of the…

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