<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title><![CDATA[Ascentive Accounting]]></title><description><![CDATA[Ascentive Accounting]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/blog</link><generator>RSS for Node</generator><lastBuildDate>Sun, 23 Aug 2026 18:25:36 GMT</lastBuildDate><atom:link href="https://connectonlinedesign.wixsite.com/ascentive/blog-feed.xml" rel="self" type="application/rss+xml"/><item><title><![CDATA[Partnership Tax Returns]]></title><description><![CDATA[If you’re a partner in a business partnership it’s in your interests to make sure partnership tax returns are correctly completed and submitted. What Is a Partnership Tax Return? UK partnerships, including ordinary partnerships, limited partnerships, and limited liability partnerships or ‘LLPs’ (if run with the aim of making a profit), are transparent for tax purposes. This means that partnerships themselves don’t pay tax but instead each partner (or ‘member’ as they’re referred to in LLPs)...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/partnership-tax-returns</link><guid isPermaLink="false">66c4a3f4634d9f677d2be5c1</guid><pubDate>Sun, 02 Aug 2026 14:36:55 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_1ed17d6e178746aa9b0333223891e643~mv2.jpg/v1/fit/w_680,h_680,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Jessica James FCA</dc:creator></item><item><title><![CDATA[How to Treat VAT on Recharged Expenses]]></title><description><![CDATA[When providing services to your client, occasionally you might need to pay for items on their behalf. How do you then treat the VAT on the expenses that you recharge to the customer? There is one simple rule that you need to keep in mind: all recharged expenses carry VAT, unless the item is a disbursement. If you pay an expense on behalf of your customer and that is purely an expense of the customer then you consider this as being a disbursement. For example, an accountant may pay the...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/how-to-treat-vat-on-recharged-expenses</link><guid isPermaLink="false">66c4baeb557c005bb97959be</guid><pubDate>Fri, 03 Jul 2026 15:50:18 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_d6535b8c7b304247ab3d1b064a96c83f~mv2.jpg/v1/fit/w_680,h_680,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Jessica James FCA</dc:creator></item><item><title><![CDATA[What are the HMRC Fuel Rates for Company Cars?]]></title><description><![CDATA[Advisory Fuel Rates (AFRs) are the rates recommended by HMRC to assist businesses either in reimbursing employees for using company cars for business travel or in being reimbursed back by employees for fuel costs for private travel when using a company car. The HMRC fuel rates that have applied since 1 September 2021 are: Engine Size Petrol – amount per mile LPG – amount per mile 1400cc or less 12 pence 7 pence 1401cc to 2000cc 14 pence 8 pence Over 2000cc 20 pence 12 pence Engine Size Diesel...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/what-are-the-hmrc-fuel-rates-for-company-cars</link><guid isPermaLink="false">66c4bdf2c219cca8ecb8aa85</guid><pubDate>Thu, 18 Jun 2026 23:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_23eaa1ec4be84cb1854d17deb36a94df~mv2.jpg/v1/fit/w_683,h_683,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Susan Moore ACA</dc:creator></item><item><title><![CDATA[Self Employed Expenses – Are you Claiming Everything You’re Allowed to?]]></title><description><![CDATA[One of the questions that we are asked most often by those entering the world of self employment is “what costs can I claim as an expense?” Well, with the deadline for filing Self Assessment personal tax returns edging that little bit closer with each passing week, we thought now would be a good time to recap the answer to this question and provide some examples. And if you’re a seasoned sole-trader then we may even be able to remind you of some expenses you’d forgotten you could claim. The...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/self-employed-expenses-are-you-claiming-everything-you-re-allowed-to</link><guid isPermaLink="false">66c4c05e50f6225b8a8a2b96</guid><pubDate>Sun, 24 May 2026 16:16:01 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_50c0642e1af14bd58c8b7dcbb3dd7e3e~mv2.jpg/v1/fit/w_625,h_625,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Susan Moore ACA</dc:creator></item><item><title><![CDATA[Inaccurate P60s can Lead to Tax Liabilities]]></title><description><![CDATA[As an employee most of us would assume that the P60, P11D and P45 forms provided to us by our employer are always correct, but please do not be fooled because it is not always so. Unfortunately, there are some situations where employers issue their employees with inaccurate P60s.   The situation gets worse when the employee relies on these figures to file a self-assessment tax return. If wrong information is reported to HMRC i.e. earnings, tax deducted or undeclared benefits, the taxpayer can...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/inaccurate-p60s-can-lead-to-tax-liabilities</link><guid isPermaLink="false">66c4c74f92c4242c09ac1647</guid><pubDate>Fri, 24 Apr 2026 16:43:14 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_4a78c54256974a29b09bd7c214c55b12~mv2.jpg/v1/fit/w_474,h_474,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Jessica James FCA</dc:creator></item><item><title><![CDATA[What is a Rent a Room Relief?]]></title><description><![CDATA[Rent a Room Relief is an optional scheme that allows you to earn up to £7,500 a year tax-free when you let out furnished accommodation to a lodger in your main home. The government introduced the scheme to increase the availability of low-cost accommodation – so don’t miss out. If you want to let a spare room in your home, you could be eligible. Do I qualify for the Rent a Room scheme? To qualify for the scheme, the accommodation you let must be part of your main residence.  You don’t need to...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/what-is-a-rent-a-room-relief</link><guid isPermaLink="false">66c4d546fd85716674dbffbb</guid><pubDate>Wed, 18 Mar 2026 18:49:49 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_bd71b5e16dc346ab832381cf56d3491b~mv2.jpg/v1/fit/w_682,h_682,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Susan Moore ACA</dc:creator></item><item><title><![CDATA[HMRC Publish Updated Guidance on Work Travel]]></title><description><![CDATA[Travelling from home to an employee’s normal workplace does not qualify for tax relief. This is referred to as “ordinary commuting and, furthermore, if the costs of the journey are reimbursed by the employer, those costs are taxable. There are exceptions to this rule, in particular where the employer pays for the employee to travel home in a taxi safely late at night. Travelling to a “temporary workplace” is a qualifying business journey and, where the costs are reimbursed by the employer,...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/hmrc-publish-updated-guidance-on-work-travel</link><guid isPermaLink="false">66c4e153b57801e2b7edcb32</guid><pubDate>Sat, 28 Feb 2026 00:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_3d5eb024a56142ccbfa8ef182693b837~mv2.jpg/v1/fit/w_426,h_426,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Jessica James FCA</dc:creator></item><item><title><![CDATA[Guide to Tax-Free Employee Social Events]]></title><description><![CDATA[Planning a staff summer barbecue? Employers can cover the costs of certain social events for their employees without creating a tax liability. This exemption, which was once a concession, is now part of statutory regulations, provided certain conditions are met. Understanding the Annual Party or Function Exemption The exemption applies to an “annual party or similar function” that is available to all employees or to all employees at a particular location. HMRC has even confirmed that virtual...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/guide-to-tax-free-employee-social-events</link><guid isPermaLink="false">66c4dc6cc1f81a4b5aed5c2f</guid><pubDate>Sat, 21 Feb 2026 00:00:00 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_43855e1aa1ae4965b1ce742ef2df7896~mv2.jpg/v1/fit/w_427,h_427,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Jessica James FCA</dc:creator></item><item><title><![CDATA[Extracting Profit From the Family Company]]></title><description><![CDATA[The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2022/23. The £3,000 employment allowance continues to be available to set against the employers national insurance contribution (NIC) liability which means that where the company has not used this allowance it may be set against the employers NIC on directors’ salaries. Thus, where the only employees are husband and wife there would generally be no PAYE or employers NIC on a...]]></description><link>https://connectonlinedesign.wixsite.com/ascentive/post/extracting-profit-from-the-family-company</link><guid isPermaLink="false">66c4e36dc1f81a4b5aed631f</guid><pubDate>Sat, 18 Oct 2025 18:45:54 GMT</pubDate><enclosure url="https://static.wixstatic.com/media/47a54a_7ce6fe132401450da04289e71ea75d5f~mv2.png/v1/fit/w_401,h_401,al_c,q_80/file.png" length="0" type="image/png"/><dc:creator>Susan Moore ACA</dc:creator></item></channel></rss>