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Ridgefield Consulting bring you exciting new audio articles covering the most talked about topics from our website. The articles, read by our very own team, provide an insight into the hot topics our clients often ask about, in an easy to listen format that you can take anywhere! For more content, we regularly update the 'advice and news' page on our website with the latest accounting news.
36 Episodes
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Welcome to Ridgefield Consulting’s Accounting Advice podcast. We’re an independent firm of Chartered Accounts and our team have created this podcast to share free expert advice, provide practical tips to save on tax and offer explainer guides so you can take control of your own tax and accounting matters. In this episode, Simon explains how to use the Seed Enterprise Investment Scheme (SEIS) for your limited company. He’ll cover the entire process from beginning to end, as well as explain why you may want to apply for Advance Assurance and how investors will benefit and why they may want to use SEIS to invest in your company. For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/
In this episode, we will be covering everything you need to know about what a benefit in kind is to how to calculate what tax you will need to pay on it. If you receive any other benefits as part of your employment in addition to your salary, it may be the case that you are receiving a benefit-in-kind also known as a BIK for short. You might see it as a workplace perk, or sometimes they’re referred to as fringe benefits, but what you need to be aware of, is that although they can seem like a nice added bonus, they may not necessarily come for free.Access the full article which is regularly updated:https://www.ridgefieldconsulting.co.uk/tax-guides/tax-benefits-in-kind/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In the episode, Shameem explains everything you need to know about capital gains tax. Starting with what capital gains tax is to how to reduce your capital gains tax bill.Capital Gains Tax or CGT for short is a tax charged in the UK when you make a gain as a result of disposing of belonging or asset. The term ‘disposal’ is used because you can incur CGT not only when you sell something but also when you give it away as a gift, swap it for something else of higher value or receive compensation for it due to loss, theft, or damage. Access the full article which is regularly updated:https://www.ridgefieldconsulting.co.uk/tax-guides/capital-gains-tax/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In this episode, Caroline will be covering everything you need to know about how to register yourself as self-employed with HMRC. She will begin by discussing what being self-employed means to how and when you need to register yourself as self-employed.Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/register-as-self-employed-with-hmrc/ For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In this episode, Nisali is discussing how VAT works. She covers everything from what VAT is to how and what VAT is charged on. If you are unsure if and when you might need to pay VAT this episode should help clear everything up. If you are still unsure after listening please don't hesitate to get in contact. Access the full article which is regularly updated:https://www.ridgefieldconsulting.co.uk/tax-guides/how-does-vat-work/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In this episode of Ridgefield Consulting's Accounting Advice podcast, Tim talks through everything there is to know about buying a car for your business. We cover everything from buying a car for personal use to buying a pool car or company car for your business. It's a jam packed 8 minutes so take a seat and get ready to learn all you need to know about buying a company car through your own business.Access the full article which is regularly updated:https://www.ridgefieldconsulting.co.uk/tax-guides/company-car-or-personal-car/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In the episode Kizzy explains everything you need to know about claiming tax relief when working from home. Whether you're a sole trader, company director or employee, there are tax reliefs available if you work from home to help cover the additional costs incurred. So, grab a drink and settle down for the next episode of Ridgefield Consulting's Accounting Advice podcast - claiming tax relief when working from home.Access the full article which is regularly updated:https://www.ridgefieldconsulting.co.uk/tax-guides/different-ways-to-claim-tax-relief-when-working-from-home/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In this episode, Simon Thomas, Ridgefield Consulting's Managing Director, sits down with our Innovation Funding Lead, Bryn Richards to discuss everything that's going on in the world of R&D tax credits.Now more than ever, businesses need all the financial support they can get with the economy trying to recover from the impact of Covid-19. Many business are facing hard times but still aren't aware of the financial aid thats available to most businesses in the form or R&D tax relief.So, take 20 minutes and grab a tea or coffee to listen to Simon and Bryn giving some practical advice on how to harness this tax relief scheme from the government to maximise your businesses investment in research and development.For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/
Listen to our updated podcast on 10 ways to reduce your corporation tax here: https://www.buzzsprout.com/1373647/episodes/11074633Every business registered in the UK will have to pay Corporation tax on their profits but there lots of ways to reduce your tax liability, legally. In this episode, Nisali covers our top ten ways to reduce your corporation tax bill, whether you are the businesses only employee or is you have hundreds of employees.At Ridgefield Consulting, we pride ourselves on supporting our clients to make sure they pay the correct tax whilst making use of all the relevant tax reliefs so they do not have to over pay.We regularly share the latest tax and accounting advice on our website. The full article from this audio article can be found on our 'advice and news' page linked below:For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/
Benefits in kind are often additional incentives that an employer may offer their employees alongside their basic salary. However, not everyone knows that these benefits can be taxable if they don't meet certain criteria.In this episode of Ridgefield's Consulting's Accounting Advice, Nisali talks through everything you need to know about benefits in kind as either an employer or an employee.For more content like this, check out our other audio articles or visit our 'Advice and News' page on our website: https://www.ridgefieldconsulting.co.uk/advice-and-news/
In this episode, Shameem explains how to use R&D tax credits together with grants.R&D is an important part of many company's business plans as they look to develop a unique advantage over your competition. However, many people get confused when trying to claim R&D tax credits alongside business grants so we've taken some time to explain in this audio article.For more articles like this, check out the 'tax guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/
If you've been investing in research and development for the past few years, or you're considering a research and development project for the first time, then be aware of the big changes that came about in 2023. Not only did the Chancellor change the process of applying, he's also changed how much you can claim and on what. In this episode, Lauren will cover the key changes. Access our full article which is updated regularly: https://www.ridgefieldconsulting.co.uk/tax-guides/2023-rd-tax-credits-changes/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
Could you really make more rental profit by owning investment through a limited company? Well, the answer is, it depends. In this episode, Ellie weighs up the different scenarios and explains in what instances you could make a lot more through owning your property portfolio through a limited companies, as well as warns you of some potential downfalls. Access the full article which is updated regularly: https://www.ridgefieldconsulting.co.uk/tax-guides/buying-property-through-a-limited-company/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
For any aspiring entrepreneurs, listen to this episode for a step by step guide on everything you need to know on how to set up your own limited company. Ellie will go through the different options available to you as well as share essential need-to-know information for before you get started. Access the full article which is regularly updated here: https://www.ridgefieldconsulting.co.uk/tax-guides/how-to-set-up-your-own-limited-company/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
Want to find out how you can lower your corporation tax bill whilst keep your employees happy? Did you know that there are select salary sacrifice schemes which are approved by HMRC which means they do not attract P11d tax unlike other workplace benefits? In this episode, Kizzy goes over the different available schemes you can use and how they benefit both your business and your employees. Access the full article which is regularly updated here: https://www.ridgefieldconsulting.co.uk/tax-guides/how-to-use-salary-sacrifice-for-your-business/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
If you're thinking about whether you can afford to hire employees for your business, then listen to this episode to find out about employment allowance. Kizzy explains how it works and how much you could claim. Access the full article which is regularly updated here: https://www.ridgefieldconsulting.co.uk/tax-guides/how-to-claim-employment-allowance/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
There are pros and cons to becoming VAT registered, but ultimately, if you're looking to grow your business then learn how you can take advantage through voluntary VAT registration. Lauren explains how. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/voluntary-vat-registration/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In this episode, Ellie shares 10 tips on why there are advantages to completing your tax early. From practical advantages such as avoiding fines, maximising tax strategies, and securing a mortgage, to more personal benefits such as not feeling stressed, having to waiting on a call queue and being able to budget better. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/advantages-of-completing-tax-return-early/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In this episode Nisali helps you understand what will happen if you miss the tax deadline. She'll cover issues such as automatic penalties, how you can appeal to do, what to do if you cannot afford to pay as well as some tips on how to avoid missing the tax deadline again. Please note that our article versions are regularly updated so you may want to check for the latest rates, thresholds and allowances: https://www.ridgefieldconsulting.co.uk/tax-guides/what-to-do-if-you-miss-the-tax-deadline/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
In this episode, Kizzy explains the different ways you can split up your income tax bill throughout the year to help you pay for the total bill come 31st January. Spreading out the costs can make paying for your tax much more manageable. Learn about the ones that you can arrange yourselves, and the ones that HMRC will automatically enrol you onto so that you're not caught out. Please note that our article versions are regularly updated so you may want to check for the latest rates, thresholds and allowances: https://www.ridgefieldconsulting.co.uk/tax-guides/how-to-spread-out-your-personal-tax-bill-payments/For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guides/Sign up to our email newsletter for the latest tax and accounting articles: https://www.ridgefieldconsulting.co.uk/#newsletter
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