Edward Brainchild

Have you paid enough tax to ‘cover’ your Gift Aid donations? A client asking why they are being taxed on their gift aid-donation got me to ask, “Have you paid enough tax to ‘cover’ your Gift Aid donations?” HMRC are very keen to ensure that Gift Aid donors are paying enough tax. In recent times, … Read more

‘Bounce back loans’ – help for small businesses  Most high street banks have all got their Bounce Back Loan top-up systems live, however as predicted many people are experiencing all manner of problems trying to top up their loans. These Banks are Paying Top-Ups Those of you wondering, these are the banks that are now … Read more

Accountants for Dropshipping Businesses: Work with accountants who understands your business. We know the dropshipping model inside and out. See how we can help your dropshipping business today. What is dropshipping? Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product using … Read more

Spending Review 2020: National living wage to increase by 2.2% this April The national living wage will rise from £8.72 to £8.91 an hour and will be extended to workers aged 23 and over from April 2021, the Chancellor has announced. Rishi Sunak confirmed the increase in his Spending Review 2020, which was set out … Read more

How to charge and account for VAT on takeaway food business, chicken or kebab shop, fish and chips, eatery or restaurant, bar or cafe VAT accounting For businesses that are runny a cafe, restaurant, bar, chicken shop, eatery or just a bar and cafe, accounting for the regular take away business VAT charge can be … Read more

Don’t get caught out on UK Gift Aid Rules: When a gift not a gift? In general terms a ‘gift’ is something freely given, with no expectation of anything in return. If something is received in return, either contractually or as a reciprocal benefit, the ‘gift’ is not actually a gift or no longer qualifies … Read more