Helping businesses earn more, pay less tax, allowing you to live the life you want
Chartered Accountants on the outskirts of York
Chartered Accountants in York
As business owners ourselves we know the frustration, stress, and sleepless nights caused by running a business, managing a team, and keeping track of what taxes are due.
At Inglis, we save you time, stress and money by helping you stay in control of your business and maximising your tax reliefs. We are more than just an accounting firm, we support you and your business in the long term, and help you achieve your business and life goals.
Net Zero Accounting
Inglis have proudly reached the first level of certification to becoming a Net Zero business, working with climate action platform, Net Zero Now.
A Force For Good
Whilst profit, tax and cash is important to us, we support several good causes including Wetwheels Yorkshire, York Mind, and Kitchen For Everyone York.
Popular services
At Inglis, we offer a range of accounting services to help your business grow and thrive
Virtual Finance Director
Leave us to manage the finance function of your business so you can concentrate on the day-to-day running of your business. As your Virtual Finance Director, we will be a sounding board you can bounce ideas off, as well as acting as your business coach and working alongside you to ensure you meet your business goals.
Management Accounts
Do you know how much money is coming in and going out of your business on a day by day, week by week basis? In order that you can make informed decisions to manage your business better, we offer a management accounts service that will help you keep on track of your company's numbers.
Bookkeeping
As you grow your business the number of transactions you complete can quickly add up and bookkeeping can become a daunting and endless task. We offer an out of house bookkeeping service so all you need to do is pass us your sales invoices and receipts and we will do the rest.
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32 Ways To Save Tax and Extract Maximum Value From Your Business
Ever wonder what you can take out of your business or how you can save more tax? This guide explores 32 ways of ensuring that you’re maximising every opportunity you could be to improve your life, your families and your employees.
Latest Blog Articles
When you separate from your spouse, there are understandably far more important things to focus on than tax. But, once things begin to settle, it’s worth understanding how separation can affect your tax position. Changes introduced in April 2023 to the post-separation window mean that you may now have up to three years to move assets between you and your spouse on a no-gain/no-loss basis in many cases. But what does this mean for your tax? How the no-gain/no loss basis used to function Generally, when you transfer assets between you and your spouse, this is treated as being on a no-gain/no-loss (NG/NL) basis. This basically means that you can transfer these assets without any capital gains issues or additional tax to pay. However, this treatment was only available if you were married and living together in the tax year. The spousal benefit used to cease at the end of the tax year in which you were permanently separated. Transfers after that point were deemed to take place at market value, as you and your spouse remain ‘connected persons’ until the time of your divorce. The departing spouse could continue to treat their absence from the former matrimonial home as if it was their only or main residence. But to do this, the property had to remain the principal residence of the other spouse, and the departing spouse had to be living somewhere that didn’t qualify for Private Residence Relief (PRR) (e.g. they were living in rented accommodation away from the matrimonial home). What does the extension to the post-separation window mean? That ‘post-separation window’ has now been extended to include up to three tax years following the end of the tax year in which the couple separate. The departing spouse may also be able to continue treating the former matrimonial home as their principal residence in certain circumstances, even if another property could potentially qualify for relief. The legislation is based on ‘disposals’, so only disposals made on or after 6 April 2023 (or in the year of separation) qualify for the NG/NL treatment. So, what does this mean in real terms for your tax position and your ability to transfer assets to your ex? If you separated before 6 April 2023 (say March 2021) then you and your spouse would have up to three years from the end of the tax year you separated (i.e. starting 6 April 2021) to make any NG/NL transfers. But these transfers must be made on or after 6 April 2023. The window would close on 5 April 2024. The three-year window ends at the earlier of the end of the third tax year after the tax year of separation, or the date the divorce, annulment or dissolution is finalised. However, transfers made under a formal divorce or separation agreement or court order can still qualify for no-gain/no-loss treatment without any time limit. It may be that you and your ex have missed the three-year time frame. If this is the case, transfers made under a formal divorce or separation agreement or court order may still qualify for no-gain/no-loss treatment. Talk to us about the tax aspects of moving assets between spouses after separation The rules around separating couples and Capital Gains Tax changed significantly from 2023, giving separating spouses and civil partners more time to transfer assets on a no-gain/no-loss basis in many situations. Although it shouldn’t be your main focus, if you would like talk to us about the tax and related consequences that can arise from the division of assets following separation, we’d be happy to help. Call our office on 01904 787 973 or book a call with Donald Inglis .
Every business has expenses. Whether you’re a startup or an established company, there are always bills to pay, suppliers to manage, and overheads that take big bites out of your profits. However, small changes can often make a big difference. Getting a better handle on your spending can improve cash flow, increase profits, and give you more room to grow. Take a closer look at your overheads Many businesses continue paying for things simply because they always have. Review your regular overheads and ask whether they still make sense for the way your business operates today. This could include office space, software subscriptions, utilities, insurance, or outsourced services. Put clearer controls around expenses Staff expenses can easily creep up without anyone noticing. Having a simple expenses policy in place helps employees understand what can be claimed and what limits apply. Expense management software can also make it easier to track spending and spot patterns before costs get out of hand. Review your suppliers regularly If you have worked with the same suppliers for years, there is a chance you may no longer be getting the best deal. It’s worth comparing prices from time to time and having honest conversations with existing suppliers about costs. In many cases, suppliers are willing to negotiate to keep your business. Keep your operations efficient The more complicated your business becomes, the more expensive it often gets to run. Look for ways to simplify processes, reduce wasted time, and improve efficiency. That does not always mean cutting staff. Sometimes it is about improving systems or removing unnecessary steps that slow the business down. Make sure you are claiming available tax reliefs Many businesses miss out on tax reliefs and allowances simply because they are unaware they exist. Depending on your business, you could benefit from reliefs linked to investment, equipment purchases, research and development, or other qualifying activities. It is worth reviewing this regularly to make sure you are not paying more tax than necessary. Want help reviewing your business costs? If you’d like to improve your cash flow and get a better handle on spending, we’d be happy to help. Call our office on 01904 787 973 or book a call with Donald Inglis to discuss where your business could reduce unnecessary costs and improve profitability.
Remote working has become one of the biggest changes to modern business. For many companies, it proved that teams could stay productive outside of the office. But with many businesses continuing to encourage staff back in full time, many employers are asking the same question: should remote working stay as a permanent fixture of working life? Well, the answer will depend on your business, your team, and the way you work. Here are some of the main pros and cons to consider. The benefits of remote working Increased flexibility Many employees value the flexibility that working from home provides. Removing long commutes and allowing staff to work in a more comfortable environment can improve morale and work-life balance. For employers, this can lead to a happier and more motivated team. Lower business costs Remote or hybrid working can reduce overheads such as office space, utilities, and equipment costs. For smaller businesses especially, this can free up cash to invest in other areas of growth. Access to a wider talent pool When employees do not need to live near the office, businesses can recruit from a much larger pool of candidates. This can make it easier to find people with the right skills and experience. Better employee retention Flexible working arrangements are now a major factor for many employees when choosing where to work. Offering remote working can help businesses retain valuable staff and reduce recruitment costs. The challenges of remote working Communication can become harder Without regular face-to-face interaction, communication can sometimes become less effective, so clear processes and regular check-ins become much more important when teams work remotely. Team culture can suffer Building strong working relationships is often much easier in person. Some employees may also feel isolated if they spend too much time working alone. Because of that, many businesses find that a hybrid approach helps maintain team culture while still offering flexibility. Performance management Managing workloads and maintaining accountability can be more challenging when staff are not in the office. Setting clear expectations, goals, and regular review points can help keep everyone on track. Security and data protection Remote working can create additional security risks if employees use unsecured devices or networks. Businesses should make sure they have appropriate cybersecurity measures and policies in place to protect sensitive information. Finding the right balance There is no one-size-fits-all approach to remote working. For some businesses, fully remote teams work well. For others, a hybrid model offers the best balance between flexibility, collaboration, and productivity. The most important thing is having clear systems, good communication, and an approach that works for both the business and the team. If you would like advice on managing the financial and operational side of running your business, call our team on 01904 787 973 or book a discovery call with Donald Inglis .