Do I Need a Bookkeeper, an Accountant, or Both?
If you run a business, chances are you’ve heard the terms bookkeeper and accountant thrown around—but do you really need both? And what’s the difference anyway? Whether you’re a sole trader, landlord, or small business owner in Bracknell, understanding the distinction between these two roles can help you stay compliant, save time, and make smarter…
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Xero vs Sage: Which One’s Right for Your Business?
Choosing the right cloud accounting software can save you hours every month and take the stress out of your financial admin. There’s no one-size-fits-all solution—what works brilliantly for one business might not suit another. At Cubic, we support Xero and Sage clients in Bracknell and across the UK, and I’ve worked with both across different…
Read MoreMileage Records
Importance of Keeping Mileage Records Whether you are and employee of a company or a sole trader it is important that you keep accurate records of your business mileage. These records should be kept in case of a PAYE compliance visit by HM Revenue & Customs or an investigation into your tax return of you…
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Research & Development Tax Credit
HMRC have started writing letters to some companies that have been making claims for Research and Development (R&D) relief suggesting that they may be fraudulent. This is the result of the system being abused by some spurious claims, but the tone of the letter may alarm some recipients. The HMRC Fraud Investigations Services unit has…
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Plan B
Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you!Prime Minister confirms move to Plan B in EnglandThe Prime Minister confirmed last week that England will move to Plan B following…
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Latest Business News
Inflation, tax rises – and the family budgetApart from the human cost, covid has cost us all a great deal. In the first year of the pandemic, from April 2020 to 2021, the government borrowed £299bn, the highest figure since records began in 1946. Another £200bn will be needed this year, and as taxpayers, we…
Read MoreMTD (Making Tax Digital) Delayed
The quarterly digital reporting for landlords and the self-employed was due to start in 2023, but it will be pushed back by 12 months, the second delay to the digitisation programme. ‘The government recognises the challenges faced by many UK businesses and their representatives as the country emerges from the pandemic over the last year.…
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September 2021 Newsletter
SEPTEMBER IS THE LAST MONTH FOR CJRS “FURLOUGH” GRANTS The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the…
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Fifth SEISS Grant is Open
HMRC has confirmed that applications for the fifth grant for Self Employment Income Support Scheme is now open for online submissions The fifth grant can be claimed if you think that your business profit will be impacted by coronavirus between 1 May 2021 and 30 September 2021. The scheme closes on 30 September. The application…
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Paying Your Tax By Direct Debit Monthly
People owe debt to HMRC for a variety of reasons and the best payment solution differs from individual to individual. HMRC takes its responsibility seriously to make sure that people who can pay do so on time, whilst providing extra, bespoke support to people facing financial hardship or in personal difficulty. If you’re facing difficulty…
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