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Friend & Grant Chartered Accountants have been helping small and medium sized businesses in the Medway towns and North Kent for over 20 years

10th March 2022
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Are you claiming the full pension relief on your employment income?

Payments made into a pension scheme qualify for a very valuable tax relief at your top rate of income tax. Not only will the monies in the pension fund be available to provide you with an annual income for your retirement but the fund itself falls outside your estate for inheritance tax purposes and is usually available to pass to your family on death.

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10th January 2022
three women sitting at table

Building a great remuneration package for your team

There was a time when what salary you paid a team member was the only reward a business owner or company director had to think about when remunerating their team. However those days have long gone and most small business owners now have to view the whole package in order to attract and keep their best team members.

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29th October 2021
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The 2021 budget- how does it impact you?

Every year we sit with baited breath waiting to see what is in store for businesses and individuals from a tax perspective. Were we in for some surprises? Was there going to be a radical overhaul of the tax system particularly in respect of capital gains tax and inheritance tax?

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29th June 2021
girl on laptop with dog asleep

Don’t miss out on tax relief for home working!

Given the recent advice from our prime minster about working from home where applicable, many employees will be wondering whether they can make a tax claim for working from home.

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7th June 2021
Confetti on floor

What are the common traits of a successful business owner?

Having been in business myself now for almost 30 years I have seen the common traits of those business people who are successful and those who aren’t. It isn’t about having an extraordinary new idea which no one has thought about or tapping into new markets, although this is great if you can. It is more about doing the right things and doing them well.

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4th June 2021
Telsa Electric car in feild at sunset

What is salary sacrifice and how can it save me tax?

Salary sacrifice schemes have been around for many years, but they should not be overlooked because when used as part of an overall remuneration package they can save significant amounts of tax and national insurance for employees and employers.

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26th May 2021
Laptop on table

How much should small companies spend on their accounting function?

This is a really good question, and the simple answer is that it depends, but in many cases it is not nearly enough!!!! In general it depends on what the business owner wants and how big and complex the business is.

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23rd March 2021
Hand in water

Tax efficient life cover for directors and employees

Life cover is never a great subject to talk about but unfortunately you never know when the unexpected may happen. We have all heard of tragic stories of individuals unexpectedly losing their lives, and whilst it is rare it does happen and for many this can leave a huge financial hole for their loved ones.

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4th February 2021
girl on laptop with dog asleep

The business benefits of a healthy team

There are many benefits of working from home from an employee’s point of view. The savings in time and costs of commuting to work are significant. The improvements in family bonds can also provide real dividends - being there for when your children leave for school or being at home for dinner with the family and tucking the children in at night are benefits which many parents find priceless.

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18th January 2021
Black, white and orange motorcycle

Does it make sense to buy a company motorbike?

Postponed VAT accounting starts on 1 January 2021, but what does it mean and what effect does it have to businesses?

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12th January 2021
People walking down hill

Struggling with leadership?

Good leadership principles are there for everyone to take and have been for a long time but even so few leaders fail to implement them. We examine what common errors business owners make and how they can improve their leadership techniques.

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2nd November 2020
coronavirus job Retention Scheme Extended.

The Coronavirus Job Retention Scheme (CJRS) has been extended - Job Support Scheme (JSS) postponed

Following the announcement by the Prime Minister on the 31 October regarding the new lockdown in England for the commencing 4 November, the CJRS has been extended until December.

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19th October 2020
Joint hands at wooden desk. What is the Job Support Scheme?

What is the Job Support Scheme?

With the Job Retention Scheme set to finish by the end of October, what support is there for employers?

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6th October 2020
Man at desk using apple imac in office. The pitfalls of enguaging consultants and contractors

The pitfalls of engaging consultants and contractors

There are important changes being introduced in April 2021 to combat companies employing individuals through their own personal services companies. In our blog we highlight the dangers to business owners and how over the years the rules have changed and the net tightened leading to the new off payroll rules which come in to play on 6th April 2021.

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30th September 2020
Petra, Jordan at sunset. Parkinson’s Law and the Impact on the Creation of Wealth

Parkinson’s Law and the Impact on the Creation of Wealth

Have you ever felt frustrated because despite earning more money your savings never seem to increase? If so then you are not alone as the vast majority of people in the UK experience this same phenomenon. In fact it was first articulated in 1955 by Cyril Northcote Parkinson in an essay in the Economist to describe time.

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22nd September 2020
Mobile phone with QR code

Is your business ready for the NHS Test and Trace app?

Businesses are being urged to prepare for the NHS COVID-19 app by downloading QR codes before the public rollout on 24 September.

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15th September 2020
Toyota 4x4 pickup truck at sunset in the desert

Aren’t 4X4 pickups just for builders?

Looking for a tax efficient company vehicle and for various reasons an electric car is not an option? How about a 4x4 pickup? In our blog we give 4 great reasons why a pickup might not be a silly idea after all.

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2nd September 2020
kickstart scheme logo

Update to the Kickstart Scheme

The application process for the Kickstart Scheme is now live, but do you know what’s involved?

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28th August 2020
Three people sitting at desk in a office environment

What is a management buyout or MBO?

As your business comes to maturity thoughts often move to retirement and if possible extracting value from the sale of your successful business. One option many business owners consider is selling to their management team. For many it just feels right. It also offers a simple and flexible way to leave a business in the safe hands of individuals who fully understand the business.

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21st August 2020
Man has trodden on chewing gum on the road

Looking to give shares away in your company? Beware the pitfalls.

Looking to give shares away in your company to secure an investor, business partner or lock in an employee? Beware the pitfalls. In this blog we look at why company owners are prepared to sell or giveaway shares in their companies. We look at the problems, the tax issues, some of the solutions and recommendations we would make to ensure that if you do sale or give away part of your company that you secure your financial position.

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10th August 2020
Man wearing apron with tools in a workshop

What is the government’s Kickstarter job scheme?

With the government building a plan for jobs, there are not only changes to apprenticeships but also a new Kickstarter job scheme.

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6th August 2020
time for change sign at night

New business grants available to boost recovery for small and medium sized businesses

New business grants for small and medium sized businesses to access new technology and other equipment to help adapt, recover and rebuild.

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4th August 2020
3 men standing in a warehouse talking

Can I claim the Job Retention Bonus?

The government has released guidance on how to claim for the Job Retention Bonus – make sure you know what to do!

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28th July 2020
multicoloured umbrellas flying in air

Is your family protected?

Being your own boss is risky at the best of times. If anything unexpected happened would your family be protected?

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7th July 2020
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How creating or joining a Mastermind Group can help grow your business.

The mastermind principle is a well established business strategy that has been around for many years. Napoleon Hill discussed the mastermind principle in his book “The Law of Success” written way back in 1925. The mastermind principle was the second of 16 principles which Napoleon Hill believes must be followed in order to become successful.

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3rd July 2020
person holding grinder with sparks

Warning! Doing works on a property? You might need to operate a Construction Industry (CIS) scheme.

The construction industry scheme is designed to stop tax on invoices raised by the self employed or limited companies (called subcontractors) who provide labour within the construction industry to businesses which are also within the construction industry (called contractors).

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1st June 2020
Joint hands at wooden desk

An important update to the Coronavirus Job Retention Scheme

On 29 May 2020, the Chancellor announced some changes to the Coronavirus Job Retention Scheme that will likely impact a lot of businesses - the "Flexible Furlough Scheme"

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28th May 2020
silhouette of man raising hands on top of a rock at dusk

Our 10 point plan to survive and thrive in the current environment

Everything has changed. For many businesses the coming months will be a real challenge. With the removal of lockdown and a deep recession many businesses will not survive. If you have been adversely impacted by Covid 19 here is our 10 point plan to not only survive but more importantly thrive.

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28th May 2020
Man cleaning bathroom

Covid 19: What to do to reopen your business premises.

If you are considering re-opening your business premises as the lockdown provisions start to be lifted you may find there are a lot of changes that need to be made in order to comply with the government guidance.

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6th May 2020
chairs around a table

Coronavirus - Is there any help for those not paying business rates?

The Government has announced an improvement to the grants that are currently available for small businesses.

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30th April 2020
calculator and a pen on paper

The common mistakes with furloughing

The portal went live on Monday 20th April and has proven fairly easy to use. The big problem has been the calculations, with HMRC changing the rules and issuing new guidance at 5pm on Friday 17th April!

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30th April 2020
ahr consultants logo

Thinking of redundancies? Need help to protect your business from an HR perspective for the future?

One key lesson many clients will have learnt over the last few weeks is that your team is not only a great asset to your business but can also be a liability.

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30th April 2020
soldier holding gun

This is war!

This is war! Not only are we battling as a nation to preserve real lives, we (as business owners) are battling to preserve our way of life - our businesses. So as a leader here are three key actions you need to take to get your team through this period.

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29th April 2020
bank notes and coins

What is the Bounce Back Loan Scheme?

Increased pressure from businesses unable to access the Coronavirus Business Interruption Loan (CBILS) funding has led to the government announcing a new loan scheme for those in need of smaller loans.

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24th April 2020
man at computer with headphones on

The benefits of Zoom video conferencing

Zoom is a top-notch online video conferencing service provider for business users which we highly recommend from personal experience.

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20th April 2020
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Innovation Champions

The word innovation can conjure up images of disruptive developments such as online streaming services or companies like Uber. Fortunately, innovation doesn’t have to happen on a grand scale to make an impact in your business.

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3rd April 2020
Man sitting down using a laptop

How can my team work productively from home?

We look at what action business owners can take to ensure their staff stay motivated, productive and mentally healthy during an extended period of working from home.

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28th March 2020
women with office behind having a meeting

Can a director be furloughed?

We examine the circumstances in which a company director can furlough themselves and take advantage of the government's Coronavirus Job Retention Scheme.

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25th March 2020
red volkswagen toy van

What are the Tax Implications of Buying an Electric Van?

The Government has introduced a number of tax incentives and measures to encourage more people to use zero emission vehicles, and there are rumours that the planned ban on the sale of new diesel and petrol vehicles, as well as hybrids, could start as early as 2032.

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23rd March 2020
man holding mug in front of laptop at night

Coronavirus – Help for the Self-Employed

The Chancellor has set out a package of temporary, timely and targeted measures to support businesses through this period of disruption. Regrettably for most of the self-employed there is little help.

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21st March 2020
Joint hands at wooden desk

What is the Coronavirus Job Retention Scheme?

The Chancellor outlined a package of measures that have never been seen before in order to protect million’s of jobs and incomes in response to the coronavirus crisis. A new Coronavirus Job Retention Scheme will be set up to help pay people’s wages.

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4th November 2020
electric smart car charging

The Mileage Rates for Electric or Hybrid Cars

The Government is pressing ahead with its plan to ban all new non-electric cars from sale by 2035 at the latest, and many UK car buyers are already shifting towards electric and hybrid cars.

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19th March 2020
laptop, iPhone and cup

When can Employees claim for Working from Home?

Given the recent advice from our prime minster about working from home where applicable, many employees will be wondering whether they can make a tax claim for working from home.

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18th March 2020
injured teddy bear

How can I reclaim the Coronavirus SSP?

The Chancellor Rishi Sunak announced in the budget that Statutory Sick Pay is to be paid from the first day of sickness absence, rather than the fourth day, for people who have COVID-19 or have to self-isolate, in line with official guidance.

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16th March 2020

How Your Business Can Survive The Coronavirus Crisis

There is no doubt we are living in unprecedented times. The coronavirus has increased uncertainty to levels that we in the UK have not seen for decades. The first thing to say however is that life goes on and to a large extent we can only deal with what is immediately in front of us....

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12th February 2021
Man in a suit cycling

Cycle To Work - Employee Benefits & Tax Savings

More and more employers are encouraging their employees to cycle to work rather than drive or use public transport. Luckily the government provide tax incentives, which makes this arrangement attractive to employer and employee, particularly for owner managed businesses where they are often one and the same!

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24th February 2020
woman holding £20 notes

What are the Tax Implications of Loans to Employees?

A client recently asked us about benefits in kind for lending employees money? A great question and the answer has led to one very happy employee!

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10th February 2020
man wearing blue hard hat using hammer

Construction Industry Pitfall Number 4: All About The Tax

Poor book-keeping alone doesn’t usually bring a business down. Usually the accountant will step in to clean the books up and calculate the company’s tax liabilities with time to spare. But it’s different for construction, primarily due to CIS.

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27th January 2020
business chairs in empty office

Does Everyone Need a Desk?

Office space is expensive. Do you really need to have a dedicated desk for each and every employee?

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22nd January 2020
man and woman talking

Will Proposed Changes to Off-Payroll Working Rules Affect You?

The off-payroll working rules, known as IR35, were introduced in 2000 to ensure that individuals who work like an employee, but through an intermediary such as a company, pays similar taxes to other employees. Important changes are being introduced in April 2020. There has been a lot of press recently (and most of it negative) stating how many businesses are going to be badly impacted by the changes.

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20th January 2020
graduates celebrating throwing hats in the air

How to Harness the Power of Alumni Networks

Making the Most of Alumni Networks. Whether it’s your University classmates or the colleagues you trained with at your first firm, we all have an alumni network.

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6th December 2019
colleges having a meeting viewed from above

How Can I Keep Key Team Members in My High Growth Firm?

We're often asked this question by our fast growing clients. Losing a key team member could have a major impact on your business. One solution we love is the Enterprise Management Incentive Scheme.

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4th December 2019
ash burning

How to Avoid Business Burnout

Stress related workplace burnout is now recognised by the World Health Organisation (WHO) as an official medical diagnosis. Here are some tips to help to avoid burnout.

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2nd December 2019
whole in the ground revealing the sea or lake

Construction Industry Pitfall Number 1: Are Your Workers Genuinely Self Employed?

Are you really sure that your employees are self -employed? HMRC have a great toolkit to help you. If in doubt we can help

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25th November 2019
girl looking at travel on phone

How to Manage Employees Who Have a Side Hustle

Side hustles are here to stay and they’re a good thing for employers. Employees with side hustles generally are more innovative, proactive and organised, but….

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28th October 2019
People holding hands at beach

Effective Employee Benefits Don’t Have to Cost Much

Work life balance and flexible working benefits may be more valued than some of the more expensive employee benefits offered by some businesses.

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9th October 2019
tray of glasses

Can I Claim Tax Relief for My Glasses and Hearing Aid?

Claiming tax relief on eye tests is often overlooked by business owners, but can you claim tax relief on your Ray-Ban glasses? We thought it would be helpful to outline the rules.

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27th September 2019
man looking at sunrise on top of a cliff

Which is Better for Business - Being an Early Bird or a Night Owl or Doesn’t it Matter?

Whatever you think you are- an early bird or late owl- does the question matter as a business owner? I think it does matter- find out why your performance and that of your team could improve by asking the question and making changes to work routines.

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23rd August 2019
horse monument sculpture

Authority Versus Leadership

Being a boss is easy. Being a leader is more problematical. Here are a few of my favourite leadership tips to help you build a great team.

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8th July 2019
birds eye view of exotic beach and blue ocean

Planning for Your Summer Holiday

Everyone needs a holiday to recharge their internal battery and to strengthen those vital family bonds. However getting away from the business is a problem in itself. Here’s some ideas!

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5th July 2019
young children playing football

What To Do With the Kids This Summer

As a parent one big headache could be what to do with the kids this summer. If the kids are under 11 the government can help. If they are over 13 how about getting them to come to work for you?

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19th June 2019
padlock on green wooden door

How do You Lock in Key Members of Your Team?

For those business owners seeking success there is nothing more frustrating than finding that key person only for them to leave you. So how do you lock in key members of your team?

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3rd May 2019
american football players

How to Create a High Performing Business

The backbone of a high performing business is a resilient workforce. You need to build a team that is highly motivated, high performing and consists of people who look forward to coming to work every day because they feel they are a part of the company and the bigger picture.

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23rd April 2019
How to stay productive when Travelling - Using a Cloud Accounting App - Yellow Camper Van

How to Stay Productive When Travelling

Business travel can be a real nuisance and unless you’re driving it should be really productive time. Here are our tips on How to Stay Productive when Travelling

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14th March 2019
Row of dresses

Somebody Anybody Everybody Nobody

When employees know what they have to do, why, how and when, everything runs smoothly in your business. But if the most common statement uttered in your office is ‘That’s Not My Job’ or ‘It’s Not My Problem’ then the business descends into chaos.

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20th February 2019
Friend & Grant curling team

Why Expert HR Support is Crucial

I have a saying; “business would be easy without clients or employees”. Many business owners and managers can easily relate to that statement, when they review exactly what they had to do last week and how much time was spent on staff issues rather than time spent focused on the business.

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24th January 2019
forklift truck in operation

Introducing AHR Consultants – Our HR Business Support Partner

We are delighted to tell you that we have appointed AHR Consultants as our HR support supplier and partner. Here are some emerging HR trends that all businesses should be aware of.

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23rd October 2018
Beef burger in a roll

Is My Big Mac Tax Deductible?

Subsistence is a big problem area in tax. Many clients incorrectly assume that if you are working and buy a lunch or grab a snack when re-fuelling the car or van that this is fine to claim against your tax bill.

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23rd October 2018
Classic e type jaguar car

Fancy a Classic Car as Your Company Car?

Will your next company car be a classic? How would you like to drive a fun Fiat 500 from the sixties or a cool Lancia Fulvia from the seventies? This is a serious question for car enthusiasts and one several of our clients have said a big YES to! Surprisingly, classic cars can be quite...

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23rd October 2018
workplace training in the classroom

Is Training Tax Deductible?

This question is asked a lot and it is usually along the lines of…. “I would like to learn about X and there is a great course. Could I put it through my business?” Most business owners think that training costs aimed at improving skills or business profits automatically qualify for tax relief, but that’s not...

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22nd October 2018
Tesla model X

100% Tax Relief on Tesla Model X Continues

Do you think that all 100% tax relief cars are electrics with the performance of an old fashioned milk float? Think again. This one does 0 to 62MPH in 2.9 seconds! There’s over 130 makes and models of cars which qualify for 100% tax relief; some amazing vehicles are included on the list: BMW I8,...

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Book Your Discovery Meeting

Are you hungry for success? If you run a small to medium size business and you want to grow your sales, increase profitability and pay less tax then you have come to the right place.