Working with a good accountant is one of the most important decisions you make when you are in business. Why? Because running a business can be very stressful. You have so many things to do every day and never enough time. If you can hand over the financial element of your business to someone that […]
Employment law is changing in April 2020. Now is the time prepare and review your procedures and policies Written Employment Contracts Some of the changes have resulted from the Good Work Plan, published in December 2018, and in the governments words “This plan sets out our vision for the future of the UK labour […]
So, you’re thinking about hiring? That’s great! As a small business owner, that shows how much your fledgling business has grown. You can feel a buzz of excitement but also anxiety setting in. Your business is your baby and you want to make sure it’s in safe hands. You know that no one you hire […]
This is the season for scammers to try to take advantage of people. According to HMRC, in 2018/2019, they received around 900,000 reports about possible tax scams. This is staggering, considering most people won’t bother to tell them. Dodgy Phone Calls If you owe HMRC tax, you will receive a statement and then a reminder. […]
Who Needs to Complete a Tax Return? If you are an employee, you get taxed through your payroll. When you receive your pay slip, the tax & NIC’s have already been deducted on your behalf. You may also receive dividends, if you have shares in a company – at the moment, you are allowed a […]
What’s the first thing that comes into your mind when you hear ‘accountant’? Is it tax, number crunching, boring, geeky? To celebrate International Accounting Day we’re confronting the most common misconceptions about Accountants! Accountants love maths Lets get this straight, you don’t need to be good at maths to be an accountant. Actually, a lot […]
More changes to Capital Gains Tax! To make sure you don’t fall into any pitfalls with the new changes and to plan ahead we’ve detailed below what you need to be aware of. How does it work currently? Currently any capital gains made by individuals are reported through your self-assessment. This means that if you […]
PLASTIC We need to use less plastic. Currently, the equivalent of one dumper truck of plastic every minute ends up in our oceans and this is set to increase to 2 every minute in the near future. It is also making it into the food chain. All of us can make an impact by using […]
THE EARLY BIRD CATCHES THE WORM It’s a common problem for accountants, that some clients don’t get their paperwork in on time – or at least sometimes, it can be last minute. This is not good for either the accountant or the client. Why? The accountant may be swamped with work at certain times of […]
It is often confusing about what you can claim for business purposes, so hopefully this list will aid you in the top tax deductible expenses. This list is only applicable to sole traders, not limited companies! If you work from home, you can claim for using part of your house as an office. The […]