As an ambitious entrepreneur, you often feel like there aren’t enough hours in the week. You’re busy with running the day-to-day operations, managing team members and, well, life. It means you’re left with little time to stop and consider how you can save on tax. Yes, tax can be an absolute minefield if you’re unprepared,
Category Archives: Tax Planning & Saving Tips
Self-Assessment Tips for Sole Traders, Tax Planning & Saving Tips, Technology & Software for Businesses, Xero Tips & Tricks
Small business survival guide
Starting a new business is rewarding, but it certainly comes with its challenges…to put it lightly! You’ve often got to contend with circumstances completely out of your control, all while spinning what feels like a hundred plates to manage the day-to-day. Although setting up a new business takes major legwork, there are key processes you
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,
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
Bookkeeping, Self-Assessment Tips for Sole Traders, start-ups, Tax Planning & Saving Tips, Xero Tips & Tricks
Do you know your numbers?
As a freelancer, sole trader or small business owner, other than knowledge of your own trade the most important thing to keep on top of in your business are the numbers. Income, expenses, cashflow, projections, first-hand knowledge of these will prove to be the most important information you will have to hand and without them,
Bookkeeping, Common Bookkeeping Mistakes, Self-Assessment Tips for Sole Traders, Tax Planning & Saving Tips
Get those invoices paid quicker!
The problems faced by small business due to late payments have been very much in the news lately, as a business owner you are very aware of the importance of getting paid on time and that payment delays can seriously disrupt cash flow. When searching for ways to speed up payment, keep in mind that
As we are fast approaching the season of good cheer and all that, remember that the staff Christmas party is the one time that the taxman seems to raise a glass and allow a little seasonal tax relief.
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