Our website uses cookies to enhance the visitor experience (what's a cookieCookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

Blog

Intriguing online training offered by Google

I have just discovered what I think is a fairly new service from Google. It’s completely free and it looks like it could make a real difference to me – and to quite a few of my clients. The service is called ‘The Digital Garage’ and it’s online training software designed to improve your effectiveness[...] Read more »

Price wars between Quickbooks and Xero – good news for small businesses

On the day that Xero have increased their pricing plans, Quickbooks have launched a 4-day price drop. This could be the ideal time to sign-up to this online accounting software. A package which includes unlimited invoices and automatic importing of transactions from your bank costs just £5.00 plus VAT for the next 6 months. Quickbooks[...] Read more »

Tax Cuts for Limited Companies

A piece of good news has arisen as a result of the vote to leave the European Union. George Osborne has promised to cut corporation tax in order to continue encouraging business investment. As part of his plan to build a “super-competitive economy” the likelihood is that the chancellor will reduce corporation tax by 5%[...] Read more »

QuickBooks and GoCardless integration makes accounting even easier!

One of the keys to being an efficient business is ensuring that managing your financial information is as simple and painless as possible.  The more integrated your systems, the smoother the transition from invoice, to payment, to financial recording. Here at Coastal Tax we are working very closely with QuickBooks, and so it is great[...] Read more »

Now that the dust has settled on the Budget 2015…

What does it actually mean for individuals? The Minimum Wage The current rate for people over 21 is £6.50 p/h.  The new rate in 2016 will be the ‘living wage’ for those over 25 and will be set at £7.20 from April 2016 rising to £9.00 by 2020. At this stage it is unclear how[...] Read more »

Cloud accountancy is on the rise.

Since its first roots in 2005 cloud accounting has really taken off, with key companies like Xero, Clearbooks, Sage and Quickbooks all offering online services that can make the life of small business owners considerably easier. Xero in particular has been lauded as it recently achieved 500,000 clients. Michael Wood of Receipt Bank, in his[...] Read more »

HMRC self assessment late returns fines amnesty

If you are one of the nearly 900,000 individuals who sent in their self-assessment tax return after the January 31st 2015 deadline, you may have had a lucky escape from the £100 fine. A report in the Telegraph newspaper says that tax officials at HMRC have been instructed not to make any checks on appeals[...] Read more »

Getting your tax return done is a numbers game

When it’s this late in January and you haven’t yet submitted your self-assessment tax return, it can feel like HMRC is breathing down your neck.  It’s not too late to get your figures to the taxman but you do need to be quick and thorough to avoid the automatic £100 fine. Remember; even if you[...] Read more »

Iron (things out) while the strike is hot!

The Public and Commercial Services Union is on strike.  This might not be good news if you are in a hurry for a passport, but it has had one positive side effect for the millions of people who need to renew their applications for Working Tax Credit.  Due to the timing of the strike HMRC[...] Read more »

No accounting for charity cycle ride.

When a good friend of mine mentioned that they were doing a cycle ride for the local charity ‘Albion in the Community’ (AITC) I was at a point in my life where I felt I needed a new challenge beyond the work of my accountancy business ‘Coastal Tax and Accountancy’. I  looked into the work[...] Read more »