CIMA Accountant Members in Practice.

Did you know Life Cover is now classed as a business expense?

Life Insurance is now tax-free and classified as a business expense. Offering death in service benefits to you or your employees ensures they don’t have to worry about their loved ones should the unthinkable happen. Whether you’re a company director who wants to offer it to you and your staff, or contractor who wants it ... Read more

Three reasons why Directors love Relevant Life cover

If you’re a Director, you may already have Life Insurance to look after your loved ones after you’re gone. In return for paying a monthly premium, it pays out a lump sum to help look after them. But many contractors are switching to a product called Relevant Life cover, because it is much more cost-effective. ... Read more

A Guide to Trusts and Tax Efficient Life Insurance

When it comes to planning your family’s financial future, it makes good sense to take all steps possible to protect their standard of living. Arranging your life insurance in the right way, to give your loved ones the maximum possible benefit  is an important consideration. One option when taking out life insurance is putting the policy into a trust. And yet ... Read more

Accountants are the key to small business success

Originally posted on Steve J Bicknell:
Last week the ICAS reported based on IFAC research.. SMEs were shown to traditionally rely on accountants as a main source of business advice. One study identified an 8.1% average increase in sales growth and a 29% decrease in likelihood of failure for businesses using an external accountant. Also last week ... Read more

Life Insurance isn’t as expensive as you might think – especially if your company pays for it with Relevant Life Expert.

The perception of how much life insurance costs is nearly 400% above the actual cost, according to a survey from Critical Research. From a poll of 1,011 people, 48% cited affordability as the main reason for not obtaining life insurance. On average, those surveyed thought £100,000 of life cover would cost £50.98 per month, and ... Read more

The plastic £5 is coming in September – what do you think? good or bad?

Originally posted on Steve J Bicknell:
The New Fiver was unveiled at Blenheim Palace on 2 June and will be shown to the public at a number of events across the UK this summer. The New Fiver will enter circulation on 13 September. It will then take a few weeks for the notes to spread ... Read more

Are you PSC ready?

Originally posted on Steve J Bicknell:
From the 30th June 2016 all companies will be required to prepare a PSC Register. You need to start keeping a register of your people with significant control (PSC). A PSC is someone in your company who: owns more than 25% of the company’s shares holds more than 25% ... Read more

HMRC have raised over £500m in unpaid tax and penalties!

Originally posted on Steve J Bicknell:
Taskforces are specialist teams that undertake intensive bursts of activity in specific high risk trade sectors and locations in the UK. The teams will visit traders to examine their records and carry out other investigations. HM Revenue and Customs (HMRC) taskforces have recovered more than £500 million since they ... Read more blog smashes through 300,000 hits!

Originally posted on Steve J Bicknell: has now had over 300,000 views, nearly 200,000 unique visitors and on Sunday reached a new daily views high of 1,396 views in a single day! I think that’s pretty impressive for a Tax and Accounting Blog! We have over 7,000 followers and our most popular day is ... Read more

Photos can be bad for Business!

Originally posted on Steve J Bicknell:
Do you think photos are important? would you use a photo like this on Linked In? What does your head shot say about you? Using a photo taken at a wedding or on holiday with a glass of wine in your hand, or one taken 20 years ago, ... Read more