Author Archives: Alan Young

About Alan Young

MD and owner of the Woodhurst Group, including Praxis Accountancy Limited and Blue Sky Recreation Limited. Also Commercial Director of The Sky visor Group

Employing Family Members In The Business

In an earlier post, in September 2013, we looked at just what sort of expenses we could claim, when working from home. Some 60% of UK businesses are family owned, and many of those do, actually, work from home, so, … Continue reading

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HMRC Increases Annual Investment Allowance Again To Encourage ‘Investing In The Future’

With effect from April this year, Annual Investment Allowance has been increased to £500,000, a figure that will remain in force until December 2015. This has been done as a means of attempting to encourage businesses to invest in their … Continue reading

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Praxis YouTube Channel Receives A Revamp

Way back in 2008, YouTube replaced Yahoo as the second most popular search engine. Although, since then, the likes of Bing have gained massive popularity, YouTube remains one of most popular search engines available, and it is a media we … Continue reading

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HMRC Introduces New Webinar For The Newly Self Employed

Last month, HMRC produced a new 20 minute video webinar designed to give an all encompassing guide for those considering starting out on the road to self employment. The guide covers the basics of business structures, registering with HMRC, types … Continue reading

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Dave Flatley Joins The Praxis Team

As of this week, Praxis Accountancy are pleased to welcome Dave Flatley, as head of media and online promotion. Praxis are very much about ‘getting the word out’ to small business owners, and those looking to grow their business beyond … Continue reading

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Deadline For Manual Self Assessment Tax Returns Just Weeks Away

HM Revenue and Customs (HMRC) has issued a reminder to anyone filing a Self Assessment tax return this year – from 2008, the is a 31 October deadline for paper returns, and it’s only weeks away. Previously, both paper and … Continue reading

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Home Business Mortgages. The Basics

Often, when we work from home, our house will have a dual purpose, as both a business premises, and a personal residence, so how does this affect our mortgage? The simple answer is that, in most cases, it won’t. Although … Continue reading

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Tax Credits. Are They For Me?

Everyone has heard of Tax Credits. We’ve all seen the Inland Revenue publicity, but the usual reaction is; “That won’t apply to me. I earn too much” or “It’s not worth applying. The Government never give anything to people like … Continue reading

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Working From Home. What Can We Claim?

  In these times of the dreaded credit crunch, the more money we can save on our tax, the better. One thing that any small business owner will need to know is; “What expenses can I claim for running my … Continue reading

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When Do We Need To Register For VAT?

There are many misconceptions, amongst new business owners, as to when they should register for VAT. There is, however, no legal requirement to do so, until the business turnover exceeds the registration threshold (currently £79,000). It is possible to register for … Continue reading

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