As accountants, one of the most common questions we get asked by business owners is, “Can I reclaim VAT on gifts for clients or staff?” The short answer is: yes. However, like with all things when it comes to HMRC, it depends on a range of factors and, of course, adhering to specific HMRC guidelines. […]
Can I reclaim VAT on gifts for clients or staff? Read More »
Ever looked at your tax bill and thought, “Where does all this money go?” If so, you’re not alone. You work hard, you pay your taxes, but what does HMRC do with it all? Here’s a breakdown so you can see exactly how your contributions are spent. First, what taxes are you paying? Before we
What does HMRC do with all the tax I pay? Read More »
Summer is a time when many of us take our holidays and slow down, leading to a natural lull for many businesses. While this might seem like a challenging period, it’s actually a fantastic opportunity to supercharge your productivity and get ahead of the game. We’ve compiled a list of actionable tips to help you
5 summer productivity hacks for business owners Read More »
At Zen, we have been passionate about embracing change, particularly in the realm of technology, as we navigate a changing business landscape. We have utilised technology to optimise our processing time, allowing us to spend more time with our clients. We’ve been a paperless practice for around ten years. When the recent pandemic arrived, it
Let’s be honest, running a business is already full-on. The last thing you need is the added stress of managing payroll. It’s not just about making sure everyone gets paid on time (although that’s important!). It’s the admin, the ever-changing tax rules, the deductions…and it all adds up, causing one giant payroll headache. So what
The benefits of outsourcing your payroll process Read More »
Ah, summer, the season of sunshine, BBQs, and… staffing nightmares?! If you run a business, you’ll know what we’re talking about: that summer often brings its unique challenges. For some businesses, summer means a surge in demand but not enough staff to manage it. For others, it’s a seasonal slowdown that leaves them paying a
Tackling Staffing Challenges During the Summer Months Read More »
As a business owner, one of the most efficient ways to reduce your Corporation Tax bill—and extract value from your company—is through pension contributions. Not only do employer contributions reduce your company’s taxable profits, but they can also help you save on National Insurance and build long-term personal wealth. This article explores how contributing to
Best Way to Lower Your Corporation Tax Bill: Contribute to a Pension Read More »
Running a profitable, cash-generative business is a strong position to be in; however, holding onto too much surplus cash can lead to missed opportunities. With inflation eroding value and tax considerations at play, it’s worth exploring smart, strategic ways to use that capital more effectively. Here are some of the most effective options for UK
What to Do With Excess Business Cash Read More »
Thinking about buying a business? While it’s an exciting opportunity to take charge of your future and step into being your own boss, before you jump in, it’s worth taking a step back to make sure you’re making the right move. An established business can come with great perks like a ready-made customer base and
Buying a business? Here are 5 things you need to do first Read More »
Let’s be honest; most of us stick with the same accountant for years, even when the service isn’t great. Why? Because it feels like the path of least resistance. What if we were to tell you though, that switching accountants is actually super easy? Staying with the wrong accountant could be costing you time, money,
5 signs that it’s time to change accountants (plus how!) Read More »