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Below you can get the financial information you need for your business. You can search for a topic, or select from the list of categories to make it easier to find the information you need.
MTD IT FAQ: Everything You Need to Know
What is MTD IT? Making Tax Digital for Income Tax (MTD IT) is part of HMRC’s plan to modernise the tax system. It requires self-employed individuals and landlords to keep digital records of their income and expenses and submit quarterly updates to HMRC using...
What is MTD IT, and will it affect me?
The UK tax system is evolving, and if you're self-employed or a landlord, these changes could significantly impact how you manage your finances. Making Tax Digital for Income Tax Self-Assessment (MTD IT) is set to modernise the way you report income and expenses,...
Can I Take Money Out of My Business for Personal Use? Implications for Sole Traders and Limited Companies
Running a business comes with many responsibilities, including understanding how to manage its finances. One of the most common questions business owners in the UK ask is, "Can I take money out of my business for personal use?" The answer depends on the structure of...
The 2024 Budget and the Double-Cab Pick-Up Reclassification: What It Means for Businesses and Individuals
The 2024 UK Budget introduced a noteworthy reclassification that’s set to affect a significant segment of businesses and drivers. Starting from April 2025, double-cab pick-ups (DCPUs) will be treated as cars rather than commercial vehicles for several tax purposes....
ABOUT US
Welcome to Figure Fairy Ltd - Chartered Accountants Bodmin, Cornwall. We provide accountancy and bookkeeping services to businesses in Cornwall and beyond, including Bodmin, Camelford, Callington, Launceston, Liskeard, Looe, Lostwithiel, Newquay, Saltash, St Austell, St Blazey, Torpoint, Truro, Wadebridge and Slough.
We are Xero specialists, but are happy to work with other accounting packages, such as Quickbooks & FreeAgent.