Banking on your business
October 5, 2019
Whether you’re starting a new business or it’s already up and running there is one thing that is guaranteed, you will need a bank account. But where exactly do you start and what should you consider? Before you even click that mouse on your search bar stop and consider w...
HMRC Tax Accounts, what are they?
July 23, 2019
Personal Tax Account
HMRC introduced Personal Tax Accounts back in 2015 and if you haven’t yet signed up for one, then perhaps now is the time to do so. It is an easy process, you just need your National Insurance number, and either your most recent payslip, P60 or passport details to cr...
Tax Return 2018/19 - What should I send?
July 1, 2019
You should have recently received our tax return checklist outlining the income and gains that could be relevant for inclusion in your 2018/19 self-assessment tax return. In this blog, we wanted to provide a bit more detail to help you understand exactly what information you...
Let me Entertain You!
October 28, 2018
Subsistence, and client entertaining - both allowable business expenses surely? There is a lot of confusion around this topic, and incorrect assumptions can give you a nasty surprise when calculating which expenses are allowable at the end of the year.
Subsisten...
We've provided this information from the Association of British Insurers to assist in the understanding of business insurance cover during this difficult period, however in all cases you speak to your broker or insurer to clarify the terms of your business insurance policy.B...
Self Employed – How to get it right!
March 18, 2019
If you work for yourself, as a sole trader, you will need to register with HMRC as self-employed unless you earn less than £1,000 in a tax year. Registering will set you up for both self-assessment tax returns and the relevant National Insurance Contributions (NICs).
...
END OF YEAR TAX PLANNING
March 6, 2019
As the 5th April approaches it is important to ensure that you have considered any reliefs and exemptions which could assist in reducing your tax liability for 2018/19.
BASIC RELIEFS 2018/19
Personal Allowance - £11,850 (reduced by £1 for every £2 over £100,000), increas...
Dates for your diary this Christmas
December 10, 2018
As we approach Christmas, a tax return is probably one of the last things on your mind, but with the self-assessment filing deadline fast approaching, the sooner you get your paperwork in order, the sooner you can relax and enjoy the festivities worry-free!
31 January 2019 ...
Reclaim tax schemes, storing up trouble?
July 18, 2018
A client approached us this week with an interesting proposal, a scheme which they had found which could reclaim thousands of pounds in VAT. The scheme is straightforward, their suppliers (who are not currently VAT registered) recharge all of their last 4 years’ worth of i...
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