If your business is VAT registered, you can usually reclaim VAT on many of the goods and services you buy for business purposes. However, many businesses fail to claim everything to which they are entitled and may be able to recover more VAT. You can normally reclaim VAT on business purchases through your VAT return, provided you hold
More...Not every hobby becomes a taxable business, but it is important to be aware when this can happen. This can apply even if you are making some money from your hobby. HMRC looks at a range of factors to decide whether an activity is a genuine trade, including whether there is a business intention behind it or whether it remains a personal
More...Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the threshold in certain circumstances. The VAT registration threshold is currently £90,000. The threshold applies to the value of taxable supplies made by a business. A business must register for VAT if
More...Artificial intelligence (AI) is no longer just for large organisations. Many small businesses are now using affordable AI tools to reduce administration, improve customer service and free up valuable time to focus on growing their business. The key is to use AI as a business assistant rather than a replacement for human judgement. One
More...Cyber-crime is no longer a problem faced only by large organisations. Small businesses are increasingly being targeted because criminals often assume they have fewer security measures in place. A successful cyber-attack can disrupt operations, damage customer confidence and result in significant financial losses. Many attacks begin with
More...If you are self-employed, claiming all of your allowable business expenses can reduce your taxable profit and, in turn, the amount of Income Tax you pay. Allowable expenses are costs that are incurred wholly and exclusively for the purposes of your business. Typical business expenses that can be claimed include office costs such as
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Cameron Baum Hollander
Chartered Accountants & Registered Auditors
Business & Tax Advisers
Family Business Specialists
Cameron Baum Hollander is the trading name of Cameron Baum Hollander Limited. Cameron Baum Hollander Limited is a limited liability company.
Company Number: 04631085
Registered Office: Suite A, 1-3 Canfield Place, London, NW6 3BT
ICAEW Number: C001006629
VAT Number: 814 8108 39
Cameron Baum Hollander
Suite A
1-3 Canfield Place
London
NW6 3BT
partners@cbh.co.uk
020 7724 8824
https://cbh.co.uk/