I cannot think of a more challenging way of starting a new year than with a total national lockdown. Running a business just got a whole lot harder. That said, we are a nation of entrepreneurs and I know this will not stop us getting out there and doing great business. [...]
Company cars are an easy target for HMRC – people need a car, and they often desire an expensive one! So maybe it’s time to ditch the petrol and diesel and think about going electric…here we help you consider whether an electric car would be more beneficial for you. Traditionally, the [...]
Whether you are a professional or a reluctant landlord, many people are unsure of the tax implications of owning their property in a limited company and whether this would work out more financially beneficial for them. The answer is, as it usually is, that it depends on your personal circumstances and [...]
HMRC want all people you “employ” to be on your payroll and for taxes to be deducted from them at source and paid over each month. The reality is more complicated. More and more people are demanding flexible working and do not necessarily want to be tied into a traditional employee [...]
As the new tier system kicks in, many businesses are finding themselves facing tough times and some very difficult decisions this Christmas. Over the last six months, you have probably already had to make some hard choices, as your business has seen its work dry up and its income drop off [...]
The UK/EU withdrawal agreement expires at 11pm GMT on 31 December 2020. After that date, the UK will become a separate customs territory from the EU. This means that from 1 January 2021, all imports and exports of goods to, and from, the EU will become subject to customs procedures, both [...]
One of the perpetual fears of many business owners is HMRC. Sometimes this is an irrational fear and sometimes it justified. HMRC have enormous powers that seemingly increase year on year. Tax, Payroll and VAT are getting increasingly complex and its up to you, as a business owner, to get it [...]
One of the first decisions that you will need to make when you start a business… What is the best trading structure for my new business? Which legal entity do I wish to trade through? A legal entity is how HMRC will treat you for Tax purposes and determines what rules [...]
In the not to distant past, accountants used to be someone you interacted with once a year when you dropped off your books and then sat down with to discuss your taxes. At that year end meeting - often several months after your actual year end - you discovered how well, [...]
Companies house have announced that from Monday 9th of November they will no longer sending paper reminders for important deadlines. An example would be dates on when a business owners confirmation statement is due. Companies house are now urging companies to opt for their email reminder service which is free this [...]
