Marriage Allowance The tax year beginning April 2015 shows the introduction of a welcome tax break for married couples. In essence if either partner earns less than the current year Personal Tax Allowance (which is £10,600 in 2015/16) then they … Continue reading
IR35 – What is it? IR35 came into existence in the year 2000 to counter tax avoidance by ‘Personal Service Companies’. These are companies owned by an individual or group of individuals which have been created and structured in a way so … Continue reading
Book Keeping Book keeping is a system of financial record keeping for your business, it doesn’t have to be in a formal Accounting package and it doesn’t have to be managed by an Accountant or Book keeper. If your business … Continue reading
You have taken the leap and started up in business, good for you. It’s going well and you have reached the point of having to take on employees but what does that mean? Running a Payroll The main financial implication … Continue reading
If you’re currently in business as a Sole Trader, Partnership or Limited Company and you have an employee or more then you could be entitled to £2,000 off of your employee costs! Just think what you could do with a … Continue reading
Self Assessment This is the annual process of completing your tax return for HMRC. This tax return includes all your Trading, Investment and Foreign income and any Capital Gains that you have made in the year. From this income you deduct … Continue reading
It’s true you are in Business to make a profit but a big mistake that so many new Business Owners make is to ignore their Cash Flow requirements and Working Capital Management. Working Capital Working Capital is defined as the … Continue reading
New Business? If you have a business idea or you’re in the early days of starting your business now is the time to start thinking about your business structure. The legal structure that you set your business up in can … Continue reading
VAT Basics Value Added Tax is the tax that we all pay when we make a purchase, from Vehicle Fuel to Mobile Phones to Plant and Equipment, chances are if you are in business you will be impacted by it at some point. … Continue reading
Choosing an Accountant can be one of the most important decisions you take when starting a new business. A good Accountant will become similar to a Business Partner – a trusted colleague who offers advice and guidance to help you manage … Continue reading