Industry advice, trends, news and Information.
While they're nowhere near as fun as the singing the 12 days of Christmas (except maybe for HMRC), there are 12 important dates for tax filing...
Operating as a sole trader is one of the many business structures available in the UK, and is by far the most popular option. When you operate a...
As all you limited company directors are hopefully aware, annual filings are due at Companies House within nine months of your financial year...
When filing time rolls around each year, many businesses begin to look around for tax credits and reliefs that may help reduce their tax bill. Perhaps...
One of the best things about running your own business is the ability to set your own hours. Unfortunately, what seems initially like a perk can also...
Tax laws are always changing, and it's important for your limited company to file all required documentation on time. Failure to meet these...
Despite what it might sound like, spring cleaning your accounting books is nothing at all like cooking your books! Instead, get into the seasonal...
It's been a long time coming, but as of April 2019, the much-discussed Making Tax Digital initiative will be finally come into effect. In case...
The year is 2019, and websites are easily one of the most important tools for any business. However these tools are not free, and the expenses behind...
Every business naturally depends on its finances to survive, and accounting is a fundamental part of those finances. However, sometimes small startup...
Running a small business can be an incredibly rewarding experience. You get to build something from the ground up exactly as you would like to be, a...
Finding startup capital to launch and run a small business can be difficult. Banks are not always willing to take the chance on small businesses, and...
Businesses live and die by cashflow, not their theoretical profit margins. If your business has turned a profit so far this year but you have no...
Every business is based on finances, but it's often surprising how many small business owners and self-employed individuals lack a solid grasp of the...
The trend of workers joining the ranks of the self-employed is increasing dramatically, but it's important to remember that with this newfound...
Whether you're self-employed or run your own limited company, small businesses tend to have fairly limited resources compared to larger...
Claiming business expenses in your tax filings is one of the most common areas where you can get into trouble with HMRC. Many people overclaim...
The transition from being an employee to running your own business is a liberating one, but it comes along with some additional responsibilities....
Filing your taxes is one of the more irritating aspects of modern life, and this leads many people to rush through it at the last minute. But even...
Many self-employed individuals take the step of formally incorporating their company and becoming a limited company, a separate entity in the eyes of...
Properly claiming business costs is essential for small businesses. Nobody enjoys paying taxes, but paying them on your gross income instead of your...
Depending on the nature of your business, it might be advantageous to structure it as a limited company rather than as a sole trader business. This...
In part one of this series we looked at the some of the easiest ways to examine and improve the efficiency of your invoicing process, from auditing...
Invoicing is one of the most important yet often most overlooked development areas in small and medium-sized businesses. While the accounts payable...
Making Tax Digital is a new system being adopted by the HMRC to simplify and accelerate the processing of tax filings, but there is a great deal...
Data protection is one of the most important considerations for modern businesses, but that doesn't mean that complying with the new General...
During the first few years of a new business, a lot of emphasis is placed on growth and development without much thought to efficiency. As a...
Launching a new business is one of the most exciting and challenging ventures in life. Not only does it create the prospect of working at a business...
Starting up a new business can be an extremely expensive process. While everyone knows that it's essential to claim your business costs against your...
VAT or value added tax is charged on most commercial transactions in the UK, but registration is only a requirement for businesses that do a certain...
One of the most common questions asked by small businesses is whether or not they really need an accountant. During the initial stages of a business...
2016 set a new record for small business startups in the United Kingdom, with over 80 new businesses being registered per hour. The attractions of...
For Self-Employed Individuals: Registering as self-employed during the middle of a year may entitle you to a tax refund on any PAYE taxes you paid...
The latest Spring Budget was announced by Chancellor of the Exchequer Philip Hammond on March 8th, 2017, marking the end of the Spring Budget...
