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What is the reverse charge for the building and construction industry?

From 1 March 2021, the domestic reverse charge must be used for most building and construction services supplies. This does not include building materials. Therefore, if your business only [...]

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What is CIS?

CIS stands for Construction Industry Scheme.  Under the scheme, contractors make deductions from their payments to subcontractors. They then pay the amounts they deduct over to HMRC, and they [...]

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How do I transfer shares in my company?

This is a task that we see carried out all the time – and rarely is it done properly with the correct planning and considerations. And usually, price conscious people will try to do it [...]

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What should my accountant do for me?

Something that’s largely misunderstood by people who need an accountant is what the accountant is actually expected to do for them. Accountancy is such a huge remit – and can cover many [...]

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Claiming costs for mileage

Claiming mileage for travelling you do in your job is a fairly normal thing to do. Most employers choose to pay the full tax free amount per mile to their employees which is 45p per mile. This [...]

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Claiming costs for working from home

Working from home has become the latest craze borne out of necessity, with some (like me) doing it only when I absolutely have to and others relishing the opportunity to balance their work and [...]

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Why should I donate to charity?

The pros and cons of donating to charity aren’t exactly what we’re here to advise on. We’re more focused on the tax advantages of doing so – and the disadvantages because sometimes it’s not [...]

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Why would I want to incorporate my business – and why not?

As accounts for small businesses, we understand that there are some really detailed advantages and disadvantages to incorporating a small business. In this blog we’ll cover some of the more [...]

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How do self assessment payments on account work?

Being experienced year end accountants, a frequently occurring issue we see with our clients is where they go from paying one self assessment tax amount in January each year, to one in January [...]

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Xero discount codes and how to get them

We’re proud Xero Accountant specialists, having been their first accounting firm partner in Leicester when MNE began. We’ve been implementing Xero systems and migrating clients from systems like [...]