Blog

Welcome to the accountancy blog from ZincBooks

We love to share the latest news, views and advice with our clients and the weekly blog gives us the ideal opportunity to do this.

Feel free to get in touch with us if you wish to discuss any of the blog topics in more detail.

ZincBooks are proactive accountants that offer fantastic services to both companies and individuals. If you are looking for something more than a traditional accountancy service then why not get in touch with us today.

Responding to a personal data breach

Responding to a personal data breach

The Information Commissioner’s Office has a simple guide that explains what you need to do in the 72 hours following a data breach.

The seven step approach advocated is set out below:

Step one: Don’t panic

It’s

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The new Chancellor’s first speech

The new Chancellor’s first speech

The Chancellor has promised to take immediate action to fix the foundations of the economy, rebuild Britain and make every part of the country​ better off.

In her first speech as Chancellor, Rachel Reeves pledged to

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Labour win landslide election result

Labour win landslide election result

As had been widely predicted, the results at the polls have seen the Labour Party back in power after 14 years in opposition. Labour have swept into power with their second-largest majority whilst the Conservative Party

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Company filing obligations

Company filing obligations

It is important that anyone responsible for the accounts and tax filing regime for private limited companies is aware of their obligations.

After the end of its financial year, a private limited company must prepare

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Restarting a dormant company

Restarting a dormant company

HMRC must be informed when a non-trading or dormant company restarts trading and becomes active for Corporation Tax purposes. Companies can use HMRC Online Services to supply the relevant information.

When a company

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Business VAT responsibilities

Business VAT responsibilities

The taxable turnover threshold that determines whether businesses should be registered for VAT is currently £85,000. Businesses with turnover below this level can also apply for a voluntary VAT registration.

Businesses

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Are mega sized marshmallows zero-rated?

Are mega sized marshmallows zero-rated?

In the UK most basic food stuffs are zero rated. However, the definition of ‘basic’ is not straightforward and many of the foods are zero rated as a result of historical legislation dating back to the introduction of VAT

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Inheritance and tax

Inheritance and tax

As a general rule, an individual who inherits property, money or shares is not liable to pay tax on the inheritance. This is because any Inheritance Tax (IHT) due should be paid out of the deceased’s estate before any

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New government

New government

Our new government, and in particular, Rachel Reeves, the new Chancellor, will be responsible for raising the funds that our new government requires to finance its activities.

The government has already declared that it

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Exit plans

Exit plans

Exit can be seen as quitting, especially if the exit discussed is your business interests.

But actually, business exit planning is an essential part of general business planning. In some respects, it is the most

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Statutory redundancy pay

Statutory redundancy pay

If you have been in the same job for two years or more and are made redundant you will usually be entitled to redundancy money. The legal minimum that you are entitled to receive is known as ‘statutory redundancy pay’.

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