Image Via Pallant Digital Pallant Digital is a web design and digital marketing agency in Chichester and Brighton with over 20 years experience. They became a client in 2020 and made this decision to switch to Plus Accounting “for a number of reasons”. Founder, Simon Batchelar had met some of the Plus Accounting team at various networking events and found that he got on with us very well. On top of that, our knowledge of digital marketing agencies provided him with the confidence that we would know how his business worked and help provide tax planning advice on areas such as, R&D tax cl ..read more

Well done to James Hooper who has achieved a Distinction in his Marketing & Digital Strategy module as part of the CIM’s Level 6 Diploma in Digital Marketing course. James achieved the top grade by getting 72% in his assignment which was submitted earlier this year. James has now moved onto his second module which is on Digital Optimisation. Keep up to date with the Plus Accounting team inside and outside the office with our Team News section. The post James achieves Distinction in Marketing & Digital Strategy! appeared first on Plus Accounting ..read more

Employed: Tax Relief on your Pension Contributions Typically, when an individual is in employment, they will make regular pension contributions to an occupational pension scheme. This is usually dealt with entirely through the payroll of the employer. Tax relief on contributions to an occupational pension scheme is obtained by way of a ‘net pay arrangement’. This is where an employee’s pay, after deduction of occupational pension contributions, is subject to PAYE. Therefore, the more an employee contributes to the pension scheme, the less tax will be deducted under PAYE. For example, a basic r ..read more

On Wednesday (31 May), we bid an emotional farewell to David Wallace who is retiring after 26 years at Plus Accounting Chartered Accountants. David joined the firm on the 6 May 1997 when we were known as Feist Hedgethorne and he now departs 26 years on. We would like to thank David for his hard work and diligence over the years and wish him the best in his retirement. Keep up to date with the Plus Accounting team inside and outside the office with our Team News section! The post We bid farewell to David Wallace after 26 years at Plus Accounting appeared first on Plus Accounting ..read more

Get to know Maja Morey in 10 questions. Maja joined Plus Accounting in April 2023 as Xero Advisor with over 10 years of bookkeeping experience. Maja lives locally and enjoys spending free time with her family and friends. Meet the rest of our team! The post Welcome to the team Maja Morey! appeared first on Plus Accounting ..read more

We are proudly sponsoring the Shaun by the Sea Art Trail in support of Martlets Hospice this autumn! In 2016, Snowdogs descended on Brighton, followed by Snails in 2018 and after 5 years another Martlets Art Trail beckons! The Shaun by the Sea Art Trail launches on 9 September, and will run throughout the autumn until 5 November. Recently, we headed to a ‘Meet the Artist’ event where we met the artist of our sheep, Sara Pope. Read more from the event in the Argus here. “I’m thrilled to be involved in the Shaun by the Sea initiative, and grateful to Plus Accounting for choosing my design” Sara ..read more

The way in which HM Revenue & Customs taxes sole traders and partnerships is changing. You may have seen these changes referred to as ‘basis period changes’. Currently, businesses are taxed on the profits arising for the accounting year ending in a particular tax year. For example, a business with an accounting year-end of 31 December 2022 will be taxed on those profits in the 2022/23 tax year, i.e., the tax year ended 5 April 2023. However, under the new rules, a business will be taxed on profits arising in the tax year, not the accounting year. This means that the new rules will only aff ..read more

After attending Accountex conference in London yesterday, I thought I would share some of the key takeaways I gathered from the talk on personal branding. Personal branding is important for all fee earners. Regardless of your role in the accounting firm, personal branding is crucial. It’s important to establish a brand that represents your values and expertise in the industry. Your personal brand should also align with the brand of your accounting firm. Be true to yourself when speaking to your audience. When creating content or presenting to clients, it’s important to be authentic and true to ..read more

Attending the Accountex conference in London yesterday was a busy and insightful experience. Working in a growing firm,  I was particularly interested in the discussions around how transforming client experience can give us a competitive edge in the accounting sector. Here are some of the key takeaways I gathered from the event: Technology, AI, and automation are causing shifts in demand. As with many industries, accounting is being affected by technological advancements. Automation and AI are becoming more prevalent, and clients are expecting accountants to be able to leverage these tool ..read more

The old Xero Profit and Loss report is being retired from the platform from July 2023 and they have recently introduced a new Profit and Loss report, allowing the user much more flexibility to create the right report for their business. Xero’s Profit and Loss report is a really useful tool to use as it highlights your income and expense accounts, which in turn shows you the net profit your company is making. This report is located within your dashboard under the Accounting tab and you can either choose ‘Reports’ or go directly to the Profit & Loss report from here. Once in the report, you ..read more