BLOGS
Financial Insights and Expert Advice
Join us as we explore the intricacies of accounting, taxation, financial planning, and more. Let’s embark on this journey together
![The Cycle to Work Scheme](https://pi-accountancy.co.uk/wp-content/uploads/2023/04/The-Cycle-to-Work-Scheme-400x284.png)
The Cycle to Work Scheme
The Cycle to Work scheme helps employees purchase bicycles and equipment through a ...
![What is the Lower Earnings Limit?](https://pi-accountancy.co.uk/wp-content/uploads/2024/07/What-is-the-Lower-Earnings-Limit-400x284.png)
What is the Lower Earnings Limit?
The Lower Earnings Limit (LEL) is the minimum amount an employee must earn to ...
![What is Maternity Allowance?](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/Maternity-Allowance-400x284.png)
What is Maternity Allowance?
Maternity Allowance supports pregnant women and new mothers who do not qualify for ...
![What is Personal Allowance?](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/What-is-Personal-Allowance-400x284.png)
What is Personal Allowance?
Personal Allowance refers to the amount of income each individual in the UK can earn ...
![What is Self-Assessment?](https://pi-accountancy.co.uk/wp-content/uploads/2023/04/Self-Assessment-400x284.png)
What is Self-Assessment?
HMRC uses the Self-Assessment system to collect Income Tax and requires taxpayers to ...
![Does Tax Apply to Marketable Securities?](https://pi-accountancy.co.uk/wp-content/uploads/2024/07/Does-Tax-Apply-to-Marketable-Securities-400x284.png)
Does Tax Apply to Marketable Securities?
Yes, tax does apply to Marketable Securities. Marketable securities ...
![What is Football Transfer Tax?](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/What-is-Football-Transfer-Tax-400x284.png)
What is Football Transfer Tax?
Football Transfer Tax refers to the tax implications and regulations surrounding ...
![Tax Bands and Rates for 2024/25](https://pi-accountancy.co.uk/wp-content/uploads/2023/04/Tax-Bands-and-Rates-v2-400x284.png)
Tax Bands and Rates for 2024/25
This blog aims to break down the current tax bands and rates, personal ...
![Holiday Accrual on SSP](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/Holiday-Accrual-on-Statutory-Sick-Pay-400x284.png)
Holiday Accrual on SSP
When employees are unable to work due to sickness, they may be eligible for Statutory Sick ...
![What is a P11D?](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/What-is-a-P11D-400x284.png)
What is a P11D?
The P11D form is used by employers to report expenses and benefits provided to directors and ...
![What is the VAT Flat Rate Scheme?](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/VAT-Flat-Rate-Scheme-400x284.png)
What is the VAT Flat Rate Scheme?
The VAT Flat Rate Scheme (FRS) simplifies the way small businesses manage their ...
![What is Corporation Tax?](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/Corporation-Tax-400x284.png)
What is Corporation Tax?
Corporation Tax applies to the profits of limited companies and other organizations, ...
![Student Loans](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/Student-Loans-400x284.png)
Student Loans
Student loans are primarily provided by the government to help cover the cost of higher education. ...
![Marriage Allowance Transfer](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/Marriage-Allowance-Transfer-400x284.png)
Marriage Allowance Transfer
Marriage Allowance transfer allows one spouse to transfer a portion of their Personal ...
![What is Marriage Allowance?](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/Marriage-Allowance-400x284.png)
What is Marriage Allowance?
Marriage Allowance is a government initiative aimed at reducing the tax burden for ...
![Trivial Benefits](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/Trivial-Benefits-400x284.png)
Trivial Benefits
A trivial benefit is a small gift or perk provided to an employee that costs £50 or less. To ...
![Tax on Tips and Gratuities](https://pi-accountancy.co.uk/wp-content/uploads/2024/05/Tax-on-Tips-and-Gratuities-400x284.png)
Tax on Tips and Gratuities
All tips and gratuities, whether received in cash directly from the customer or added ...
![High Income Child Benefit Charge](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/High-Income-Child-Benefit-Charge-400x284.png)
High Income Child Benefit Charge
If you or your partner earn over £60,000 annually, you may be subject to the ...
![What are Dividends?](https://pi-accountancy.co.uk/wp-content/uploads/2024/06/What-are-Dividends-400x284.png)
What are Dividends?
Dividends represent a portion of a company's profits that the company distributes to its ...
![What is Net Profit?](https://pi-accountancy.co.uk/wp-content/uploads/2024/05/Net-Profit-400x284.png)
What is Net Profit?
Net Profit is the amount of money that remains from a business' revenues after all operating ...
![What is Gross Profit?](https://pi-accountancy.co.uk/wp-content/uploads/2024/05/Gross-Profit-400x284.png)
What is Gross Profit?
Gross Profit refers to the total revenue subtracted by the cost of goods sold (COGS). These ...
![What is Construction Industry Scheme (CIS)?](https://pi-accountancy.co.uk/wp-content/uploads/2024/05/Construction-Industry-Scheme-400x284.png)
What is Construction Industry Scheme (CIS)?
The Construction Industry Scheme (CIS) is a tax deduction system in ...
![Payments on Account (2023/2024)](https://pi-accountancy.co.uk/wp-content/uploads/2022/01/Payments-on-Account-400x284.png)
Payments on account are advance payments towards your tax and, where relevant, your Class 4 National Insurance bill. Read More
![7th June VAT Deadline](https://pi-accountancy.co.uk/wp-content/uploads/2024/05/7th-June-VAT-Return-Deadline-400x284.png)
7th June VAT Deadline
The 7th June marks the due date for VAT returns and payment for the quarter ending 30th ...