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Corporation Tax Changes Ahead | What Are The New Corporation Tax Changes | Help with Corporation Tax

Corporation tax changes ahead

 Corporation tax changes ahead 758 513 Stepping Stones Accountancy

The 1st of April 2023 will see a substantial increase to corporation tax for UK businesses. The current rate stands at 19% for all businesses no matter what their size, however this will be increasing to 25% for companies with profits above £50,000 from next year. All companies whose profits fall below this threshold will…

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Should Office Parties Get A Tax Break | Business Tax Advice | Tax Savings for Business

Should office parties get a tax break?

 Should office parties get a tax break? 758 513 Stepping Stones Accountancy

As the festive season is fast approaching many companies have finalised their plans for a little fun and laughter choosing to bring back the traditional office party. The key question many are asking is, can they get a tax break? It appears that the simple reason for asking is that companies want to further encourage…

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What Happens Behind The Closed Doors Of An Accountancy Practice | Why Use An Accountant | Accountant in Bristol

What happens behind the closed doors of an accountancy practice

 What happens behind the closed doors of an accountancy practice 758 513 Stepping Stones Accountancy

Most businesses only think about hiring an accountant once a year when it is time to complete their tax return and they’re struggling. But an accountant can add so much more value to your business. Naturally, they can help with your tax return, but their knowledge and skills can be a true asset to your…

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Capital Gains

 Capital Gains 150 150 Stepping Stones Accountancy

In the animated video we provide some key facts as to what you need to know in relation to Capital Gains.

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A New VAT Threshold for the Hospitality Sector | New VAT Threshold | What is VAT Threshold | Are the Different VAT Rates

A new VAT threshold for the hospitality sector

 A new VAT threshold for the hospitality sector 758 513 Stepping Stones Accountancy

On 1st October a new VAT rate of 12.5% was introduced for the hospitality industry, this temporary rate now means certain businesses will have to deal with four different rates of VAT. These consist of 0%, 5%, 12.5% and 20%. Fortunately, this will only be for a short period of time as the 12.5% scheme…

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Why do we need quarterly updates with Making Tax Digital (MTD) | Tax Advice MTD | Advice on Making Tax Digital

Why do we need quarterly updates with Making Tax Digital (MTD)?

 Why do we need quarterly updates with Making Tax Digital (MTD)? 758 513 Stepping Stones Accountancy

As the Making Tax Digital (MTD) scheme continues to gather momentum there are many business owners still unsure of their commitments. However, the requirements can be broken down into 4 key measures which determine why taxpayers (even those who may have a small turnover as little as £10k) are required to provide a breakdown of…

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Bounce Back Loan & What To Expect

 Bounce Back Loan & What To Expect 150 150 Stepping Stones Accountancy

This animated video provides details on what options are available now that Bounce Back loans are due to be repaid.

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Struggling to Repay Your Bounce Back Loan | Advice on Bounce Back Loan | Help with Bounce Back Loan Repayments

Struggling to repay your Bounce Back Loan?

 Struggling to repay your Bounce Back Loan? 758 513 Stepping Stones Accountancy

When Bounce Back Loans were introduced in March 2020, they were hailed as a lifeline for many businesses whilst the growing pandemic crisis was impacting their business. The loans enabled businesses to secure funding of up to £50,000 without providing a personal guarantee and in addition there was nothing to pay for 12 months. Many…

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Claiming VAT on Mileage | Advice on Business Mileage VAT | Help with VAT Claims on Business Mileage

Claiming VAT on mileage

 Claiming VAT on mileage 758 513 Stepping Stones Accountancy

Those drivers who utilise their own vehicle for work purposes, excluding their normal commute, can claim money back against the approved mileage allowance payment rate (AMAP). The eligible amount is dependent on several factors which are dictated by HMRC. For example, an employee using a private vehicle such as a van or car for work…

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Employing or Outsourcing?

 Employing or Outsourcing? 150 150 Stepping Stones Accountancy

In our latest animated video we explore what the pro’s and con’s of employing or outsourcing new staff are.

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