Well done to Tommy Reed who has passed his Business Planning Taxation and Business Strategy and Technology exams! Tommy achieved a mark of 72% in Business Planning Taxation (BPT) and 74% in Business Strategy and Technology (BST). Good work Tommy ? Keep up to date with the Plus Accounting team inside and outside the office with our Team News section! The post Well done Tommy Reed on passing your BPT and BST exams! appeared first on Plus Accounting ..read more

Congratulations to Preston Stewart for passing his Audit and Assurance and Financial Accounting & Reporting exams! Preston achieved 84% in the Financial Accounting and Reporting exam whilst passing Audit and Assurance with 64%. Good work, Preston! ? Keep up to date with the Plus Accounting team inside and outside the office with our Team News section! The post Celebrating Preston Stewart’s Exam Achievements! appeared first on Plus Accounting ..read more

If you’re reading this, chances are you’ve benefitted from the incredible cryptocurrency surge in March 2024. Congratulations on your success! However, with great gains come important tax responsibilities. This blog will guide you through assessing your personal tax position and ensuring you meet all your obligations. The Impact of the Crypto Boom The cryptocurrency market experienced a significant boom in March 2024, leading to substantial gains for many investors. Dog coins were back in full force and this time it was those on the Solana blockchain that made some big gains. If you traded in ..read more

Journey to Exit: Unlocking the True Value of Your Business ​Are you a high-growth business owner considering selling your company or planning an exit due to retirement? ​Don’t miss the upcoming Journey to Exit event, designed specifically to help you unlock the true value of your business. ​Join us to gain invaluable insights from a panel of leading experts who will provide you with the knowledge and strategies needed to maximise the value of your life’s work, regardless of the stage you are at in your decision-making process. ​Our expert panel includes: ​Kristina Pereckaite, Founder and Mana ..read more

Get to know Lucy Flynn in 10 questions. Lucy Flynn joined the firm in July 2024 as a Reception/Admin Assistant after previously working as Cabin Crew for 5 years. She then spent 3 years travelling in Australia and 6 months in Africa teaching English and volunteering throughout 9 African countries. Lucy loves volunteering, long walks, music, and socialising! Welcome to the team Lucy! ? Meet the rest of our team! The post Plus Accounting welcomes Lucy Flynn to the team! appeared first on Plus Accounting ..read more

The HM Revenue and Customs (HMRC) has intensified its scrutiny on gifting rules, recovering £624 million from nearly 2,000 individuals who mistakenly believed they had reduced the value of their estates through gifts, only to have inheritance tax relief revoked. Inheritance tax (IHT) is charged at 40% on individual estates worth more than £325,000, a threshold that can double for married couples. Various allowances and exemptions can increase this threshold or reduce the IHT rate. One significant relief is the seven-year rule, which allows people to give away assets to lower their estate’s va ..read more

Effective cash flow management is the lifeblood of any successful business, and law firms are no exception. In the legal sector, where the timing of revenues and expenses can be unpredictable, maintaining a healthy cash flow is crucial for sustainability and growth. At Plus Accounting, we understand the unique financial dynamics of law firms and offer tailored advice to help you manage your cash flow efficiently. Why Cash Flow Management is Crucial for Law Firms Ensures Financial Stability Operational Continuity: A healthy cash flow ensures that your firm can meet its daily operational expens ..read more

Congratulations to Dan Mayers who has become ACCA qualified after passing a total of 13 exams! Well done Dan, your hard work and dedication has truly paid off! Keep up to date with the Plus Accounting team inside and outside the office with our Team News section! The post Dan Mayers Achieves ACCA Qualification! appeared first on Plus Accounting ..read more

Get to know Mason King in 10 questions. Mason is a chartered tax advisor and accountant, sharing his tax expertise to businesses and individuals in areas such as R&D tax relief, EIS/SEIS investment reliefs and capital allowances. His specialism is in the creative and technology sectors, particularly with crypto and video games tax. Outside of work, Mason is a keen runner and is continuously aiming to beat his personal best at his local park run. Welcome to the team Mason! ? Meet the rest of our team! The post Meet Mason King: Our New Senior Corporate Tax Manager! appeared first on Plus Ac ..read more

Big changes are coming to Xero with the launch of a new line-up of plans for UK customers, as well as changes to pricing for current Xero business plan subscriptions in the UK. As from 12th September, Xero will introduce a new simplified structure with plans named Xero Ignite, Xero Grow, and Xero Comprehensive. These will replace the current Starter, Standard, and Premium plans. You do not need to take any action as Xero will automatically transition subscribers in phases by 25 March 2025. The new plans offer more features for the same or even lower prices for most businesses. New pricing for ..read more