Blog
Accountants for construction and building companies
23 Jan, 2024 | Blog, Business Accounting
Here at Passman Leonard, as accountants for construction and building companies, we are aware of all of the variables involved in this industry. Building and construction...
Accountants for hospitality businesses
23 Jan, 2024 | Blog, Business Accounting
As accountants for hospitality businesses, we are always looking for our clients to make a good return on their investments, and that includes their investment into working with...
Post Probate Accountants
20 Dec, 2023 | Blog, Property Tax, Tax Advice
As tax advisors after probate, we deal with death tax returns on behalf of families and aid legal professionals with probate accounts The passing of a loved one is always a...
Hybrid Rate Capital Allowances
11 Nov, 2023 | Blog, Tax Advice
Maximising Tax Savings with Capital Allowances For businesses, capital expenditure is an integral part of growth and expansion. What many business owners may not realise is that...
Capital allowances on garden offices
10 Nov, 2023 | Blog, Property Tax
Maximising tax benefits when working at home In recent years, the concept of working from home has gained significant popularity, leading to a surge in the demand for garden...
How to create a Government Gateway Account
3 Oct, 2023 | Blog, Business Accounting, Tax Advice
Streamline Your Tax Matters with a Government Gateway Account A Government Gateway account is an online service provided by the government that allows individuals and businesses...
Accounting services for small businesses
2 Oct, 2023 | Blog, Business Accounting
How Passman Leonard can support your business Running a small business is no small feat. The responsibilities are numerous, and among them, managing your finances is paramount....
Buy to lets as a limited company
15 Aug, 2023 | Blog, Business Accounting, Property Tax
What are the tax liability advantages vs disadvantages Investing in residential property as a buy-to-let venture has become increasingly popular, attracting both private...
Accountant for Capital Gains Tax
9 Aug, 2023 | Blog, Business Accounting
Maximising profits and minimising tax liabilities when selling a second home or investment property Selling a second home or investment property can be lucrative, but it also...
Things to do before the end of the tax year
15 May, 2023 | Blog
When we are heading towards the end of the tax year, it's time to take stock of your finances to make sure you're making the most of any tax reliefs efficiencies available to...
National insurance and pensions
15 May, 2023 | Blog
Will I miss out on my State Pension? At Passman Leonard, we understand the importance of planning for your future and ensuring that you receive all the benefits that you are...
Can I deregister for VAT?
15 May, 2023 | Blog
Government statistics reveal that the UK threshold of £85,000 enables approximately 3.55 million small businesses to operate without being Value Added Tax (VAT) registered. If...
Should you do a tax return if you are PAYE?
15 May, 2023 | Blog
I am a full-time employee, do I still have to fill in Self-Assessment tax return If you're an employee earning income through the PAYE (Pay As You Earn) system, you may wonder...
How to notify HMRC that a company has ceased trading
20 Feb, 2023 | Blog, Business Accounting
If you are a director or owner of a limited company that has ceased trading, you will need to notify HM Revenue & Customs (HMRC) and Companies House. In this blog, we will...
Accountants for ecommerce
6 Feb, 2023 | Blog, Business Accounting
With the convenience of setting up an online store and the ability to reach a global audience, it's no wonder that many entrepreneurs are turning to ecommerce as a means of...
Accounting for estate agents
6 Feb, 2023 | Blog, Property Tax
Passman Leonard understands that running a successful estate agents office, or offices, means there will be not enough hours in the day. Dealing with accounting principles can...
Penalty for late filing of VAT return and late payment of VAT
12 Jan, 2023 | Blog, Tax Advice
HMRC have implemented a new system of penalty points for the late filing of VAT returns and late payment of VAT from 1st January 2023. The new process has been put in place to...
Accountants for startups
5 Dec, 2022 | Blog, Start-Up Support
We have a wealth of experience as accountants for startups here at Passman Leonard and provide tailored services to support new businesses on their route to success with holistic...
How to get started with Xero, Receiptbank and Dext Training
17 Aug, 2022 | Blog, Business Accounting
Are you working in the office or on your mobile app out or about viewing your receipts and invoices in real time? Regardless, it’s important that everything to do with the...
What is a CIS return and how we can help?
13 Jul, 2022 | Blog, Tax Advice
CIS stands for Construction Industry Scheme (CIS). They help regulate the payments construction contractors make to subcontractors who carry out work for them. CIS contractors...
What is Making Tax Digital for Income Tax?
13 Jun, 2022 | Blog, Tax Advice
We look at HMRC’s MTD ITSA From 6 April 2026, self employed sole traders, businesses and landlords with an annual business or property income of above £50,000 will need to make...
How do you declare Capital Gains Tax on the sale of a residential property in the UK?
25 May, 2022 | Blog, Property Tax
Capital Gains Tax on the sale of residential property UK Capital Gains Tax (CGT) is a tax on the profit gained from the sale of valuable items or assets. The most common capital...
IT Consultant Accountant
20 Apr, 2022 | Blog, Business Accounting
At Passman Leonard Certified Accountants, we specialise in working closely with our IT Consultant clients, so we understand the speed at which tech moves. In this industry, you...
Accounting for Architectural Firms
1 Apr, 2022 | Blog, Business Accounting
Building sound business finances Why is accounting for an architectural firm different to any other business? All businesses deal with common financial matters such as managing...
What is a chartered certified accountant?
28 Mar, 2022 | Blog, Business Accounting
Accountancy professionals The title of a chartered certified accountant is given to a person who has trained and qualified with ACCA (the Association of Chartered Certified...
What is XERO software?
25 Mar, 2022 | Blog, Business Accounting
No More Spreadsheets What is XERO software? Every business needs to manage its finances. Large businesses have whole departments of experts dedicated to that process. For small...
Why outsource payroll processing services?
23 Mar, 2022 | Blog, Business Accounting
Money matters Payroll is the process of calculating the amount of money to be paid to an employee taking into account any deductions for income tax, national insurance, pension...
Getting the best from property investment
31 Jan, 2022 | Blog, Property Tax
Property investor accountants Income from investment property is taxed differently depending on why it is owned, whether owned as a development project or for long term rental...
Filing Accounts
24 Jan, 2022 | Blog, Tax Advice
Do sole traders have to file accounts? Small businesses can take a variety of legal forms including sole trader, partnership, Limited (Ltd) company and And Limited Liability...
Tax Efficiency
17 Jan, 2022 | Blog, Tax Advice
Why tax planning is important? Tax planning is important when thinking about your future financial well-being. When creating any form of a financial plan, you need to factor in...