When Does A Hobby Become A Business?
Are you aware of the difference between a hobby and a business? It may sound like a simple question, but actually there are a few grey lines that can make it a little confusing to distinguish between the two. If…
Understanding Your Small Business Accounts
If you are a small business owner and you’ve hired an accountant to look after your finances, you may think that you don’t have to worry about looking at your accounts at all. However, for an accountant to manage your…
Inheritance Tax: Tax-Efficient Ways To Make A Gift
With the number of Britons who are now living past the age of 90, it is becoming increasingly harder for people to benefit from money passed down the family line. Waiting until someone has passed away could actually mean money…
How To Do Accounts For Small Businesses
It can be easy to dive in and start a business that you’ve had the dream to do so for so long and now we’re into a new year it’s a great opportunity to make that dream a reality. But…
Kara Welcomes A New Team Member!
We are extremely excited to welcome Michelle Burgess to the Kara Accountants’ team as of the beginning of 2019. We tasked Michelle with a few questions in order to introduce her to our clients and for us to get to…
What Maternity Benefits Am I Entitled To?
If you’re a contractor or small business / freelancer or even sole trader, you may be wondering what maternity benefits are available to you and what you are entitled to claim. You may be an employee, searching the internet for…
Why Outsource Accounting?
Did you know that accounting processes, payroll services and HR are the most common services to be outsourced? In an attempt to reduce costs and be more efficient, two out of five businesses are outsourcing their processes. If you are…
6 Ways To Improve Your Budget And Forecast Processes
Your budgets and forecasts are part of an essential process to ensure the smooth running of your business - so it is important that you get this process right, no matter how big or small your organisation. However, these are…
CHANGES TO CHILDCARE VOUCHERS; INTRODUCTION OF TAX-FREE CHILDCARE
If you're a working parent, you can apply for Tax-Free Childcare for all children up to 12 years (16 if they have a disability). Tax-Free Childcare have replaced Childcare Vouchers which are now not available to new applicants from October…
Managing Company Car Tax as a Small Business Owner
Do you drive a company car? Company car tax can be daunting if you’re not sure on what you’re looking at but once you’ve grasped the basics, you’ll realise that it’s quite straightforward and there are plenty of sources to…