Accounting Archives - NIS Accountants

Top 5 Accounting Mistakes for Growing Property Portfolios!

Accounting, BusinessAugust 19, 202543Views 0Likes 0Comments

Expanding a property portfolio can be rewarding, but poor accounting can quickly erode profits and create compliance risks. Here are the five most common mistakes landlords and property investors make when scaling their portfolios: 1. Mixing Personal and Business Finances Many landlords pay property expenses from personal accounts. This makes it harder to track deductible…

Companies House Changes 2025–2027: What UK Businesses Must Know

Accounting, BusinessJune 26, 202560Views 1Like 0Comments

Big changes are coming to Companies House. Whether you’re a company director, property investor, or small business owner, the upcoming updates will affect how you register, file, and manage your business information in the UK. At NiS Accountants, we’re keeping our clients ahead of the curve. Here’s a practical breakdown of the key changes and…

Coconut Water and VAT: Clearing Up the Confusion

Accounting, BusinessJune 11, 202571Views 0Likes 0Comments

One of our clients recently approached us with a common but important query: "Why am I being charged VAT on coconut water? I was told by another store owner that it should be zero-rated like fruit juice." This kind of confusion is understandable. After all, coconut water is a natural liquid extracted directly from the…

Claiming Mileage as a Property Investor: What Directors of Limited Companies Need to Know

AccountingJune 9, 202569Views 0Likes 0Comments

If you're a property investor operating through a limited company, understanding how to properly claim mileage is essential. Whether you're visiting properties for inspections, meeting contractors, or attending viewings, these trips can add up—and so can the potential tax relief. Here's what you need to know about claiming mileage as a director of a property…

FLEC VAT: Is It Really Worth It?

AccountingJune 4, 202569Views 0Likes 0Comments

At NiS Accountants, we’re often asked whether joining the Flat Rate VAT Scheme (FLEC VAT) is the right choice. The answer? It depends — and many businesses are surprised to find that it may not be as beneficial as it first appears. What is FLEC VAT? The Flat Rate VAT Scheme is designed to simplify…

Are You Ready for Making Tax Digital? Nearly Half of Sole Traders and Landlords Aren’t.

AccountingMay 27, 2025144Views 1Like 0Comments

With major changes to the way self-employed individuals and landlords report their income just around the corner, new research has revealed a worrying trend: nearly half of UK sole traders feel unprepared for Making Tax Digital (MTD) for Income Tax. According to a recent study conducted by IRIS Software, almost one in three sole traders…

Maximizing Tax Efficiency: Dividends vs. Benefits in Kind

AccountingMay 27, 2025153Views 0Likes 0Comments

Dear clients and business owners, at NiS Accountants, we understand the importance of optimizing your income while minimizing your tax and National Insurance (NI) liabilities. As an owner-manager of a company, you're likely keen to explore the most tax-efficient methods for taking income from your business. While dividends are a popular choice, there are situations…

Accounting

Top 5 Accounting Mistakes for Growing Property Portfolios!

Companies House Changes 2025–2027: What UK Businesses Must Know

Coconut Water and VAT: Clearing Up the Confusion

Claiming Mileage as a Property Investor: What Directors of Limited Companies Need to Know

FLEC VAT: Is It Really Worth It?

Are You Ready for Making Tax Digital? Nearly Half of Sole Traders and Landlords Aren’t.

Maximizing Tax Efficiency: Dividends vs. Benefits in Kind

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