Yes, you can only use the SAYE option plan and the SIP if all employees receive the shares or options. However, this does not apply to those who have not completed their probation period. Specifically, the probation period is up to 18 months for a SIP and up to 5 years for a SAYE option. Consequently, employees who have not met these requirements cannot participate.

ABS Accountancy collaborates with various bookkeeping and accounting systems providers. For instance, we work with both hardwired, internally hosted systems and cloud-based solutions that are accessible from anywhere. Furthermore, we offer expert advice and will recommend practical solutions tailored specifically to your organisation. We are committed to supporting their seamless implementation.

• Bookkeeping & reporting
• Tax & VAT Compliance
• Advisory

• car leasing business.
• pool cars, subject to stringent conditions.
• cars unsuitable for private use, such as marked emergency vehicles.
• Stock for resale by motor dealers and manufacturers.
• Cars acquired for the purposes of a car-related trade (mini cabs, self-drive hire, driving instruction).
• Vehicles not regarded as motor cars.
•  ambulances, caravans, prison vans, hearses and other vehicles constructed for
•  a specific purpose which does not include the carriage of people.
•  those with space only for the driver.
• vehicles with capacity for 12 or more passengers.
• those weighing at least 3 tonnes when unladen.
• vehicles which can carry a payload of at least 1 tonne.

First, identify what you truly need to know, including key drivers and performance indicators. Next, create and set up a system to produce and monitor these metrics regularly.

Furthermore, we can assist you in pinpointing the essential information you need and the most effective methods for reporting on it. Consequently, you will achieve the very best results!

Under UK legislation, for a dismissal to be deemed fair, you must have a valid reason for the dismissal and adhere to a fair process throughout. Specifically, the five fair reasons for dismissal are:

• Misconduct
• Poor performance
• Redundancy
• Contravention of a statutory duty (e.g. expired visa)
• Some other substantial reasons (SOSR)

 
The fair procedure will differ slightly in each of the five scenarios. For instance, in a misconduct case, you would need to thoroughly investigate the allegations before convening a disciplinary hearing. During this hearing, the employee must have the opportunity to bring an accompanying person. Conversely, in a redundancy scenario, you must consult with the employees as soon as possible and, if available, offer suitable alternative employment.
Furthermore, if you are not confident in managing these processes, it is always advisable to seek advice or external support.

Furthermore, if you are not confident in managing these processes, it is always advisable to seek advice or external support.

• the lower rate – known as the ‘small profits’ rate; and
• the upper rate – known as the ‘full’ rate or ‘main’ rate.

The insurance will fully protect subscribing clients. Specifically, the practice will claim up to £100,000 of professional costs under our insurance policy in the following circumstances:

• An HMRC enquiry into a personal or business tax return
• An HMRC enquiry into any business accounts, including those of sole traders, partnerships and limited companies.
• A dispute with HMRC in which they pursue additional VAT
• A dispute with HMRC in which they pursue additional PAYE tax or National Insurance Contributions
• A dispute with HMRC relating to the tax status of employees or subcontractors.

All consultations with our accountants are, in fact, ‘jargon-free’. Consequently, they will explain your options in plain language.  This approach ensures that all the benefits and implications are made as clear as possible. Additionally, this straightforward communication helps you understand every detail with ease.

• We agree on a fixed fee in advance.
• We agree on a delivery date in advance.
• A response to phone calls and emails within one working day.
• A named accountant to look after you.
• Newsletters, briefings, and advice to keep you ahead of the game.
• Assistance is available in our office, your office, or at home.

ABS Accountancy is a well-established firm of accountants and tax advisors with a history spanning over thirteen years. Given that, like most other business owners, you are pressed for time, please do not hesitate to get in touch with us. Consequently, we will be more than happy to assist you with your needs.

• select the most appropriate structure for your business (if you are a start-up or a contractor).
• identify goals and develop strategies to achieve them.
• plan for change and adapt for survival and growth.
• maintain an independent view of your business situation.
• keep up to date with government legislation.
• improve business through optimum financial management.

While we serve clients across various industries, ABS Accountancy has particular expertise in sectors such as catering and hairdressers.

Our fees vary depending on the complexity of the work and the specific services required. ABS Accountancy provides transparent pricing structures and will discuss fees with you before commencing any work.

Accounting software can handle many routine tasks, such as bookkeeping, invoicing, and basic financial reporting. However, an accountant adds significant value through expert advice, strategic financial planning, tax optimisation, and compliance with complex regulations. An accountant offers personalised insights, identifies potential issues, and helps you make informed decisions to grow your business. Therefore, despite having robust accounting software, an accountant’s expertise remains crucial for comprehensive financial management and strategic guidance.

Additionally, as Making Tax Digital (MTD) rolls out, having an accountant helps you stay compliant with evolving regulations.