Onyx Accountants and Business Advisors

The Annual Investment Allowance could allow eligible businesses to deduct the full cost of qualifying plant and machinery from their taxable profits.

Depending on the circumstances, qualifying assets can include:
🔧Machinery
🖥️Equipment
🔨Tools & Business Equipment
⚙️Certain plant and machinery

Planning an investment? Speak to the Onyx team before you make the purchase

VAT registration just got a lot more interesting! Did you know you might reclaim VAT on some costs from before you were even registered? It could mean reclaiming VAT on goods bought up to four years prior and services up to six months earlier, but only if they're linked to your current business. Intrigued? Find out why this could impact your next VAT return and what special rules might affect you.

Recovering VAT on pre-registration costs Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services purchased before VAT registration. There are specific time limits for claiming pre-registration VAT.

Spotted a mistake on your Self Assessment tax return?

The sooner you act, the smoother the process. Not sure where to start? Drop us a message 📩

Alert: Mileage rates for work journeys have changed! Car and van rates jump to 55p per mile for the first 10,000 miles. Curious how this affects you or a colleague? Find out why thousands could be missing out on tax-free relief and what to check with your employer. Read on to make sure you're claiming what's rightfully yours.

Claiming the correct tax relief for work mileage Employees who use their own vehicle for business journeys may receive Mileage Allowance Payments (MAPs) from their employer. These payments can be made tax-free up to HMRC’s approved amount,

Do I really need an accountant?

It’s a question we hear all the time.

We’re proud to support our clients with more than just compliance - providing proactive advice, peace of mind and support as their businesses grow ☘️

Urgent update for new employers! If you're starting to pay staff or subcontractors, there's a must-do step before payday. Missing it could complicate your payroll. Find out why registering as an employer matters for your business now.

Does your business need to register as an employer? If you are starting to employ staff or engaging subcontractors for construction work, you will generally need to register as an employer with HMRC. This obligation extends even to individuals who are

Alert: Could your commercial property be unlocking hidden tax relief?

Many miss out on a valuable allowance linked to building and renovation costs. Find out why this matters now and what to check to make sure you're claiming all you're entitled to.

Read on to explore the potential benefits waiting in your property investments.

Latest News Latest News - Onyx Accountants in Birmingham - Contact: 0330 043 1909