We feel extremely privileged to have our office in The Forge (official name Oyster Hill Forge) in Headley. I was even more privileged recently to talk to a local man (who used to visit the Blacksmith, Fred Hack) in the 1950s and who gave me a history of this beautiful Grade II listed building. The
Author Archives: Gillian French
Allowable Limited Company Expenses, Tax Planning & Saving Tips
Why should my Company buy an Electric Car?
Have you been thinking about changing your car recently and are wondering about buying an electric car to help the environment - sorry, reduce tax? This is a good thing. Yes, A GOOD THING. HMRC have made this a good thing by allowing companies to get full tax relief when they buy a brand new,
Allowable Limited Company Expenses, HMRC Updates & Changes, Self-Assessment Tips for Sole Traders
What can I claim if I’m working from home?
Making a claim for Working from Home Can I claim tax relief for my goldfish, Bubbles, who keeps me company when I’m working from home? We have been asked some odd questions over the years, especially when it comes to claiming expenses of having a home office. Making a claim to your business for working
In the last six months we’ve been in the process of rebranding DNA Accountants. Having carried out an audit of our brand and website, it became clear that the kind of firm our clients know us to be wasn’t being represented well online. Soon, we’ll be going live with a whole new website, and we’re
CIS for Subcontractors, Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax, Xero Tips & Tricks
What are the benefits of filing my tax return early?
Although the end of January is still a few weeks away, did you realise that filing your tax return sooner rather than later has a number of advantages? The one positive aspect of the tax return deadline is that it is always the same – January 31st. This means that with a little planning and
Bookkeeping, Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax, VAT
Planning on becoming self-employed? Do these five things first…
The simplicity of starting and operating your own business is one of the key advantages of working for yourself. Even when working for someone else, you might apply to become a sole trader, which is another word for self-employed, to see if you like it. Here are 5 things you must do when you decide
Bookkeeping, Common Bookkeeping Mistakes, Organising Your Receipts & Invoices, Xero Tips & Tricks, Year-End Preparation Tips
Bookkeeping Mistakes Every Small Business Owner Should Be Aware Of
Bookkeeping is one of those tasks that is crucial to get right for any business, From start-ups to small businesses that have been running for years, the problem of doing it all yourself remains. Margins are often tight, meaning as the owner, you try to do as many administrative and day-to-day tasks as possible. Not
Changes to Tax Rates & Thresholds, Corporation Tax, HMRC Updates & Changes, Important News from HMRC, Tax Planning & Saving Tips
Corporation Tax – Changes are coming
Corporation Tax MUST be paid on the earnings of a limited company, Corporation Tax is not billed to you. To work out, pay, and submit your taxes, you must do certain things. In last year’s budget announcements (March and October 2021), the Chancellor announced a variety of company tax reforms, some of which are already
PAYE, Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax
As a sole trader, how do I pay myself?
If you are a sole trader, you can simply take money from your business bank account to pay yourself as a sole trader (we strongly recommend that you use a separate business bank account for your sole trader finances). And you need to make sure that you keep a record of these drawings, along with
Although not everyone is required to file a self-assessment tax return, there are a few circumstances in which you may be compelled to do so, even if you are an employee who has tax taken at source from your salary. It’s crucial to be aware of scenarios where a tax return is required because HM