DEALING WITH LATE PAYMENTS
Dealing with an unpaid invoice is almost certainly not one of the reasons you started your business and a client book full of prompt payers is the goal. Late payments can cripple a small business and in 2017 the UK…
Electric company cars to be exempt from tax in 2020/21
Last year the Government announced that electric vehicles will be exempt from company car tax in the 2020/2021 tax year. This will be the first opportunity for company cars to be to be taxed at 0% as a benefit in…
DO YOU NEED AN EXTRA PAIR OF HANDS AS A SOLE TRADER?
As your business grows, you’ll need more capacity to provide a service or produce a product, and often a wider set of skills to manage the increase. The easiest way to achieve this is to hire a second pair of…
SELF-ASSESSMENT TAX RETURNS – JANUARY DEADLINE!
With the deadline for submitting your Self-Assessment Tax Return at the end of the month, it’s a good idea to get your finances in order now if you haven’t already done so. Who needs to complete a Self-Assessment? You’ll need…
Have You Filed Your Tax Return?
With the deadline to file your 2018/19 self-assessment now less than 80 days away HMRC is encouraging taxpayers to complete them before the busy period arrives. Filing even 1 minute past the 23:59 deadline on 31st January could result in an…
A lowdown on Forensic Accounting
Forensic accountancy is a specialist field focusing on analytical and investigative processes in relation to finances. A Forensic Accountant works to not only identify and bring to light any evidence of fraudulent activity, but also to work with client to…
Combating Loneliness When Working Alone
The hype of being your boss and running your own business can be extremely exciting and a great step to make if you’re ready to take control of your career on a whole new level. Once you’ve stepped out into…
Understanding What Taxes Apply To Your Small Business
Starting a new business can be an exciting time but with all of the different financial jargon out there it can be confusing to understand what taxes apply to you. There isn’t a ‘one size fits all’ approach to this…
7 Reasons to File Your Self-Assessment Early
No one particularly loves the tax season and if you are one of those people who leave completing your self-assessment tax return until the last minute, perhaps it’s time to plan ahead this year! Over the next couple of months,…