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Archive for July, 2016

How far can our Cowley Holmes Bags Travel this Summer…

Los Boliches, Spain!  July 2016 If you are a client of Cowley Holmes, and you don’t already have one of our Accounts For Life Bags, please just let us know and we’ll send you one in the post. You can use these to bring your records in to us, go shopping, or anything else you[…] Read more »

Trivial Benefits In Kind Now Exempt

Employees are no longer taxable on trivial benefits in kind, provided the cost to the employer is less than £50. This must not be cash or vouchers or a reward for past or future services but is intended to cover gifts of flowers on a birthday or a turkey at Christmas. For more information on[…] Read more »

Should I use the VAT Flat Rate Scheme for my Small Business?

The VAT Flat Rate Scheme is intended to simplify VAT accounting and reporting for small businesses, and some may even find that they pay less VAT than using normal VAT accounting. To join the scheme your VAT turnover must be £150,000 or less (excluding VAT), and you must apply to HMRC to use the scheme.[…] Read more »

Self-Employed or Starting a Small Business?

Did you know that almost one in seven people in the UK are self-employed? Approximately 13,500 businesses employ 0 to 49 employees and accounted for nearly 98% of the total number of businesses in 2014. This is an increase of 35% in the number of small and micro businesses since 2009. So why start a[…] Read more »


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