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When is a cake not a cake?

When it is a biscuit! True… No VAT is charged on plain biscuits or cakes. But when a biscuit is covered in chocolate it becomes a luxury and standard rate VAT at 20% is added to the price. Mcvities, famous for their Jaffa Cakes, added chocolate to the cake and […]

Magpie Acc Blog - Accountants_ When is a cake not a cake

Magpie Acc Blog - Do you know your numbers

Do you know your numbers?

As a freelancer, sole trader or small business owner, other than knowledge of your own trade the most important thing to keep on top of in your business are the numbers. Income, expenses, cashflow, projections, first hand knowledge of these will prove to be the most important information you will […]


Is it time to go Limited?

Many people begin their business journey as a sole trader, but there are definite advantages to be gained by operating as a limited company. According to the latest statistics from Companies House, there are approximately 4 million incorporated companies in the UK and roughly 93% of them are active. Going […]

Magpie Acc Blog - Is it time to go limited

Magpie Acc Blog - Let us take care of your numbers

Let us take care of your numbers

As a business owner wouldn’t it be amazing to have someone on hand, keeping on top of your numbers, making sure you keep more of the money you earn rather than paying it in tax. These people do exist and we are ACCOUNTANTS! When you work for yourself or run […]


Time for a new Accountant?

It can be difficult to know what to expect from your accountant. This makes it hard to decide if it’s time to move on, when you feel it is time for a new accountant. We’ve put together this simple guide to help you navigate this minefield: Do you get on? […]

Magpie Acc Blog - Time for a new Accountant

MagpieAccBlog - Advice for Freelancers

Advice for Freelancers

Making a living as a freelancer is a dream for many, but for those that have taken the leap, it has some aspects that might make you wish you’d just taken that office job. We know you’d rather be spending your time on the fun stuff, the work you enjoy […]