As an individual, there are several decisions which can affect your personal life and your career – one of these decisions being whether to choose a company or self-employment. At BVS accounting we hope to provide an insight on what path is right for you. What is a company or self-employment? A company is a complex business structure which is … Read More
Why are Business Health Checks Important?
As we get older, we tend to take more health checks to maintain our good health. Likewise, as a company grows and develops it’s important for the company to take business health checks after periods of time, so that business owners are able to recognise a company’s current status and whether the company is able to grow further. What are … Read More
Why Should You Consider Payrolling Benefits In Kind?
Payrolling benefits in kind is an incredible way of assuring that tax deductions will be accurate with both the employee and the employer being at an advantage. What are benefits in kind? Benefits in kind, simply, are non-monetary benefits which are provided by an employer to an employee, as well as their salary or wages. Examples of benefits in kind … Read More
Charging interest on Late/ unpaid invoices
Can I Charge? Yes. This piece of insight will allow you to learn the rules and practices on how to charge for your customers on late or unpaid invoices to ensure that you will learn better ways to deal with your difficult customers. Things to get right before charging for being late. BVS advice you to check whether you’ve got … Read More
Special Purpose Vehicle (SPV)
What is a SPV? SPV is also called as SPE (Special purpose entity) which will be a legal entity who will operate for a limited of defined purpose. SPVs are mostly setup as Limited liability companies, how ever SPVs can also being setup as any other type of business such as public limited company (PLC), Limited Liability Company (LLP) etc. … Read More
Business Mileage
Who and how much can be claimed as business mileage as per the HMRC regulations? You are being a sole trader or the director of your own company will surely spend regular mileage on your business for day today activities. In calculating your tax payable can you deduct these expenses regarding the business mileage? How much you can deduct ? … Read More
Be the Perfect Landlord
Regulatory framework which should be complied by Landlords are keep changing constantly. This makes new Landlords as well as experienced Landlords a hazel to dealt with when they are letting or renewing the agreements with the tenancies. For easy reference we have listed the 9 essential steps which you should ensure before you go let your property. Step … Read More
