The Amas Blog…

R&D Case Study – Food Industry

06.08.19

Our clients, a company in the food industry, were struggling to meet demand due to aged management and production processes which had been in place since incorporation in 2013. Until consultation with Amas, our client...

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Electricity Can Save Your Business Money

19.07.19

    Recently we discussed the taxable benefits of having an electric company car, reducing the benefit-in-kind tax for employers and employees. However, there are yet further savings to be realised beyond reduced P11d charges....

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R&D Case Study – Optometry Industry

17.07.19

Our client, a company in the optometry industry, recently received Research and Development Tax Credits due to projects they carried out on their own internal processes. The client was struggling with internal HR, communication and...

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Optimising Your Salary and Dividend Mix

27.06.19

It is important that shareholders/directors have regular reviews of their salary and dividend mix to ensure they are receiving the greatest benefit. There are several key factors to note covering NIC, Income Tax and Dividends:...

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R&D Case Study – Services Industry

17.06.19

One of our clients in the services industry were looking to replace an outdated job tracking system. The tyre retreading company has been trading for two decades. They were unaware the research and development (R&D)...

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Company Electric or Hybrid Vehicles Offer Both Tax and Environmental Benefits

17.06.19

A Benefit-In-Kind (BIK) arises when employees or directors receive benefits excluded from their salary. One of the more typical taxable benefits are company cars, which become taxable if there is allowance for private use. Only...

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7 Myths About R&D Tax Credits

07.06.19

There is a common misconception in business that R & D does not apply to my business, we have outlined the seven most common myths surrounding claiming R & D tax credits. 1. You must...

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Digitisation – The Benefits To Your Business

27.05.19

What is Digitisation? Digitisation of your business involves automating many processes which would previously be manual, such as data entry and bank reconciliations, through use of cloud accounting software such as Xero. The end result...

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Why Management Accounts? Greater Staff Efficiency

20.05.19

As previously discussed there are an array of benefits to implementing Management Accounts. So far, we have showed how their use can: improve decision-making show when to purchase or manufacture and; allow budgets and forecasts...

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Start Your Digital Compliance Journey Today

09.05.19

As a leading digital accountancy practice, our aim is to make sure that you are given the best advice to understand what is required to make sure your business is digitally compliant. To achieve this,...

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