Sinclair Day Acct

Ever wondered why you need an accountant? One of the most important aspects within any business are the numbers and being on top of these is essential in so many respects, which is where we come in! Read our 7 reasons at ow.ly/UcVg50KFrYe #accountancy #xeroaccountants

🎂Birthday cakes are tax-free, but decorated novelty cakes, maybe not A plain sponge with icing = cake = zero-rated. But if shaped like Peppa Pig and seen as a “confectionery item”? Congrats, it’s taxable. Yes, your child’s unicorn cake is legally “luxury goods.” #accountancy

Friday’s here 🎉 The happiest day of the week with all its joys… #accountancy #FridayFeeling #accountantswithadifference

Friday’s here 🎉 The happiest day of the week with all its joys… #accountancy #FridayFeeling #accountantswithadifference

New employee starting, get the tax code right Setting up the correct tax code when a new employee starts is essential, as even small payroll errors can lead to unnecessary tax overpayments and avoidable complica... #PayrollBasics #PAYE #EmployerDuties tinyurl.com/mwu4u3xb

Friday’s here 🎉 The happiest day of the week with all its joys… #accountancy #FridayFeeling #accountantswithadifference

Selling a business, do not miss out on BADR Business Asset Disposal Relief (BADR) can significantly reduce the Capital Gains Tax due when selling a business or shares, but with higher rates coming from Ap... #CapitalGainsTax #BusinessExit #TaxPlanning tinyurl.com/4ce5xk4m

Self-employed, are you claiming the right travel costs? If you are self-employed, it is important to understand which car and travel costs can be claimed. #SelfEmployed #BusinessExpenses #TaxRelief tinyurl.com/4vrrk55f

LLP members, could you be treated as salaried for tax? The salaried member legislation applies to certain members of a Limited Liability Partnership (LLP) whose terms of membership are more like an employee... #LLPTax #SalariedMemberRules #TaxPlanning tinyurl.com/3b3rmfvw

Selling a company car, get the VAT right The question of whether or not you are required to charge VAT when selling a company car depends on how the vehicle was bought and whether VAT was recovered at the time.... #VATmatters #CompanyCars #TaxPlanning tinyurl.com/yabrmzc9

UK property income, when it counts as a business The income generated from land or property in the UK is treated as arising from a UK property business. The underlying legislation defines this broadly to include all a... #PropertyTax #Landlords #UKTax tinyurl.com/3hxv2pyd

New 40% First Year Allowance explained The new 40% First Year Allowance came into force from 1 January 2026. This marks an important development for businesses investing in plant and machinery. The n... #CapitalAllowances #BusinessInvestment #TaxPlans tinyurl.com/4mk4anje

Friday’s here 🎉 The happiest day of the week with all its joys… #accountancy #FridayFeeling #accountantswithadifference

Welsh Final Budget 2026–27 highlights The Welsh Final Budget for 2026-27 was published on 20 January 2026. The Budget sets out the Welsh government’s revenue and capital spending plans, including detailed port... #WelshBudget #IncomeTax #DevolvedTaxes tinyurl.com/3ux6ccyb

MTD for Income Tax starts April 2026 If you have not yet checked if and when you need to use Making Tax Digital (MTD) for Income Tax, you should do so as a matter of urgency. This is because from April 202... #MakingTaxDigital #SelfEmployed #Landlords tinyurl.com/ytk4mjvu

Check your National Insurance record It is recommended to check your National Insurance record as this can affect your future entitlement to the State Pension and other benefits. #StatePension #NationalInsurance #FinancialPlan tinyurl.com/4j2n2puf

Scottish Budget 2026–27 key points Scotland’s Finance Secretary, Shona Robison delivered her third Budget statement to the Scottish parliament on 13 January 2026. This is the final Budget before the Holyroo... #ScottishBudget #IncomeTax #DevolvedTaxes tinyurl.com/ymwv42h2

PAYE changes for umbrella companies From 6 April 2026, significant changes to PAYE rules will affect umbrella companies, recruitment agencies, and end clients, increasing shared responsibility for payroll com... #UmbrellaCompanies #PAYE #EmploymentTax tinyurl.com/32jjnaj3

CIS fraud rules tighten from April 2026 Tackling fraud in the Construction Industry Scheme (CIS) was one of the measures addressed in the recent Budget. The changes are intended to allow faster interv... #ConstructionIndustryScheme #CIS #TaxCompliance tinyurl.com/bdh8ftyh

🍦Frozen yoghurt = no VAT. Ice cream = VAT. HMRC had a whole debate over whether frozen yogurt was just… ice cream in disguise. One court said nope, it’s different enough. So froyo? Zero-rated. Ice cream? VAT. Pay extra to be basic. #accountancy #VAT #accountantswithadifference

Friday’s here 🎉 The happiest day of the week with all its joys… #accountancy #FridayFeeling #accountantswithadifference