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We like to keep ahead of the curve wherever we can – whether that’s technological advances, legislation, or just what’s happening in accounting. Then share it all as free advice on our blog page.

View Understanding Power Of Attorney

Understanding Power Of Attorney

There are two types of power of attorney that you can grant: Firstly, to appoint someone you trust to make decisions about your health and wellbeing if you become incapacitated, and Secondly, to appoint someone you trust to make decisions about your finances if you cannot manage your financial affairs. You can choose to make…

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View VAT On Commercial Vehicles | What You Need To Know

VAT On Commercial Vehicles | What You Need To Know

When you buy a new commercial vehicle, you will pay 20% VAT on the purchase price and in most cases, this VAT can be reclaimed. This assumes of course, that the motor trader selling you the vehicle is VAT registered. Second-Hand Commercial Vehicle VAT If you purchase a second-hand commercial vehicle there are three VAT…

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View Vat Advice For The Construction Industry

Vat Advice For The Construction Industry

Here at Bracey’s, our in-house VAT expert is often travelling the country providing VAT advice to individuals and organisations within the construction industry. However, over the last few months, a few key examples of firms and individuals falling foul of VAT rules has come to our attention. VAT For Property Alterations or Renovations We’ve spoken…

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View Small Business Saturday 2018 | Support & Advice

Small Business Saturday 2018 | Support & Advice

Did you know that there is going to be a Small Business Saturday on 1 December 2018? We have reproduced below some of the help that will be available. Access finance available to support small businesses Are you and your business looking to start up, scale up or stay ahead? Start-Up Loans of up to £25,000 can…

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View Is Your Business Brexit Ready?

Is Your Business Brexit Ready?

March 2017 set the date the UK was to exit from the EU. This set the deadline for our national drawbridge to be raised on the rest of Europe on 29 March 2019. This is the first time we have separated ourselves from our largest trading partner since the UK joined the Common Market –…

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View Did Philip Hammond Save The High Street?

Did Philip Hammond Save The High Street?

In his Autumn Budget delivered 29 October 2018, Philip Hammond made a number of promises. One of these were measures to improve the lacklustre retail sector in our city centre areas. Online Shopping There is no doubt that the major online retailers, Amazon and the like, have caused a major shift in the way we…

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View Up To £1m Tax Break For Investment In Qualifying Assets

Up To £1m Tax Break For Investment In Qualifying Assets

The Chancellor picked out business investment as his preferred give-away to the business sector in his Autumn Budget 2018. Increased Allowance The Annual Investment Allowance is being increased from 1 January 2019, to £1m from the present base level set some years ago of £200,000. The increase is due to be available for two years,…

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View Xero Gold Partner | Cloud Accounting Experts

Xero Gold Partner | Cloud Accounting Experts

We are delighted to announce that, due to the hard work and expertise of our team, we are now a Xero Gold Partner.   What Does It Mean?  As Making Tax Digital has become a reality, more and more customers are looking at the best cloud accounting software to suit their business. Having had years of…

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View Registering A Trading Name

Registering A Trading Name

Is it possible to register a trading name for an existing business? Sole traders and partnerships You can trade under your own name, or you can choose another name for your business. You don’t need to register your name. You must include your name and business name (if you have one) on official paperwork, for…

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