Category Archives: Breakground

What does my tax code mean?

Tax code header

Getting paid is lovely isn’t it? And of course it’s good practice to check your payslip, to see that everything is correct etc. I know you’ll be fully on it, checking if your hours are correct, the pay rate is right, that your pension contribution has gone through … But are you quite so clued […]

The Accountancy Jargon Cheat Sheet

The-Accountancy-Jargon-Cheat-Sheet

Too many accountants use words and jargon that business owners just don’t understand (and don’t really need to!).  So we’ve put this cheat sheet together so you know what they mean! CT600  = Corporation tax computation. This is the tax return that has to be completed for HMRC, breaking down your accounts and working out […]

Tax and VAT implications on gifts

Tax and VAT implications on gifts

It’s that time of year again when we all start to think about the dreaded “C” word and plan our festive season. For some businesses, it is a time where they like to take the opportunity to acknowledge, thank or reward some of their customers and/or employees by giving gifts. But what are the tax […]

How to hold your own client review meetings

How to hold your own client review meetings

In a previous blog, we talked about why we at Pink Pig hold annual review meetings with you guys.  For us, having these more informal-style chats allows us to get to know each other on a more personal level, to understand your goals, and to tailor what we do to be the best we can […]

What are Depreciation and Capital Allowances?

Depreciation & Capital Allowance

As I talk you through your accounts you will see depreciation in the statutory accounts for Companies House, but when it comes to the corporation tax computation for HMRC it is disallowed, why’s that?   When a company purchases a fixed asset (ie machinery, computer equipment, furniture, vehicles etc) HMRC and Companies House will deal with […]

Can I pay my personal tax bill through my limited company?

Can I pay my personal tax bill through my limited company?

We often get asked this question, and the official answer is you should either save up personal funds to pay your tax bill, or withdraw the funds from your business as a dividend.  Then pay your tax bill to HMRC from your personal account. However, we do know in reality this is a bit of […]

How to deal with VAT invoices when you’re not VAT registered

How to deal with VAT invoices when not VAT registered

When you set up a business you don’t have to register for VAT too, you can be an unregistered business (as long as you’re not over the turnover threshold – see below for more!).  Other businesses that you work with – suppliers or customers will be VAT registered.  We talk alot about how things work […]

Buying a home & getting a mortgage as a business owner

Buying a home & getting a mortgage as a business owner

Reaching your goal of buying a new home, possibly your dream home, or a holiday home is a fantastic achievement, and one you should totally be celebrating and enjoying.  However we also know it can be one of the most stressful events in your lifetime (although many of us move more than once, so it […]

Why do we need to file confirmation statements?

Confirmation Statements

You may have had an email from us with either a reminder to complete your confirmation statement or us asking you to sign off the one we have prepared for you (depending on which services you have selected) but what is the purpose of a confirmation statement, when should it be completed and what will […]

Vision, Purpose & Values Webinar

Vision, Purpose & Values Webinar

Vision, purpose, and values are three cornerstones of a strong workplace culture. They help to align thinking throughout the business and can provide a solid foundation for growth. At our complimentary webinar, we’ll teach you how to develop your vision, purpose, and values to maximise your results. Join us on Tuesday 9th November at 10am […]