01234 355300
December 17, 2014
When your property is fully furnished you can claim a wear and tear allowance (10% of the net rents), each year to cover the cost of replacing furniture and furnishings such as carpets and curtains. You can only claim capital allowances for furniture used inside a property which is let out commercially as furnished holiday…Read More
December 11, 2014
If you let out residential property you need to know whether you can receive a tax deduction for the cost of replacing or repairing furniture and fittings provided inside that property. The cost of equipment used to maintain the outside of a property, or used in the communal areas of a building containing multiple dwellings,…Read More
November 27, 2014
We are delighted to announce the winner of our Hamper Draw from the Beds SME Expo is Elena Ramos of Bedford Language Centre. The Bedford Language Centre provides an active way of learning a language to people across the community, for both pleasure and business. Presently offering small group lessons in French, Italian, Spanish and…Read More
November 19, 2014
Most businesses will use an accountant at some stage. Whether it’s at the very start when they are putting a business plan together and forming the company, or when the tax returns need completing or the payroll needs setting up, accountants can help at any stage in a business. Here is our guide to help…Read More
November 14, 2014
A great day had at the Beds SME Expo yesterday. Many thanks to all that came to see us.
November 5, 2014
Cowley Holmes Accountants will be exhibiting at the Beds SME Expo on Thursday 13th November 2014 at Centre Parcs, Woburn Forest, Millbrook MK45 2HZ. Come and meet Barry and some of the team anytime between 9.30am to 1.30pm for a chat and to find out more about us and how we can help you. A…Read More
October 30, 2014
As your business grows, you may find that you need to bring in some serious financial expertise. That means one thing: an accountant. But how should you go about picking one? Your business relationship with your accountant is one of the closest you’ll make. This person will be responsible for making sure your business is…Read More
October 16, 2014
How can I easily calculate a total amount to claim for the self-employed business I run from my home, for example the total amount of usage for rent, gas, insurance, council tax, internet usage and broadband? There is an easy way to calculate the deductible amount of your home expenses, you simply record how many…Read More
October 3, 2014
When you sell services to businesses in other countries, the sale will generally be outside the scope of UK VAT. You don’t charge VAT on your invoice, but you need to report the value of that sale as part of the total in box 6 on your VAT return. There are exceptions to this general…Read More
August 26, 2014
A recent case before the Tax Tribunal reminds us that where the right to dividends is waived this can create a “settlement” for income tax purposes such that some or all of the dividend waived may be taxed on the person waiving his right to the dividend. Mr Donovan and Mr McLaren each owned 40%…Read More
July 21, 2014
Do you sell digital services such as: music or software downloads, e-books or online videos? If so, do you know where your customers are, and whether they are businesses or individuals? From 1st January 2015, when you sell digital services across international borders you will have to collect information about your customers to determine if…Read More
July 1, 2014
Another controversial measure is being proposed by the Government to give HMRC the power to recover unpaid tax over £1,000 from taxpayers’ private bank accounts. We are told that this new power will only be used where the taxpayer has ignored several demands for payment and the taxpayer’s bank account should not be reduced below…Read More
June 27, 2014
The team had a fantastic evening as finalists at the FSB Beds Awards, Thursday 26 June 2014.
June 18, 2014
With a full launch of the Google Wallet app due in the UK soon, many businesses are starting to consider how they might use the technology to attract new customers and make life more convenient for existing ones. So what is it and how does it work? The technology essentially allows your smartphone to take…Read More
June 5, 2014
Cowley Holmes are delighted to announce they have been chosen as finalists in the Bedfordshire FSB Business Awards 2014 for Employee of the Year. The team will be attending the Gala Awards Final at Luton Hoo on Thursday 26th June.
Click here to see how easy it is to switch to Cowley Holmes
Claim your FREE Essential Guide to Understanding your accounts