6 01, 2017

The self-assessment tax deadline is looming……

By | January 6th, 2017|Business, Finance, News, Uncategorized|0 Comments

....we all know that businesses need to pay tax, but how many sole traders and small businesses are actually properly advised on what they should be paying? If you’re trading as a sole trader or partnership you are eligible to to pay (how much you actually pay is a whole other ball game!!) Income Tax [...]

28 12, 2016

Make 2017 a Success, We’ll Tell You How.

By | December 28th, 2016|Uncategorized|0 Comments

With the New Year fast approaching it is a good time to look over the previous year to learn from your successes and your mistakes that you have made in your business. Whether you are a small business owner, or you are looking to start a business in 2017, we run through a few tips [...]

23 12, 2016

What’s on the Christmas wish list for your business?

By | December 23rd, 2016|Uncategorized|0 Comments

Have those business results you dreamed of when you first set up your business proved more elusive than you thought they’d be? Do you sometimes lose sleep over cash flow issues and wish you had more cash in your business to cushion those quieter months? Do you hate to admit it, but is running your [...]

16 12, 2016

£300 of TAX FREE wine and gifts for Christmas!

By | December 16th, 2016|Business, Creative, Finance, News|0 Comments

Here’s the deal: If you own a company, or employ staff you can give gifts of up to £50 per employee totally tax free under HMRC’s Trivial Benefits Exemptions! If you are a director of the company, you count as an employee and therefore you can award yourself a gift! This can be practically anything [...]

8 12, 2016

Wrongly claiming expenses! STOP now.

By | December 8th, 2016|Business, Finance, News|0 Comments

What you can and can't include when claiming expenses for your business can be a bit of a minefield, here are a few pointers to stop  you getting into bother with the good people at HMRC:   Throwing money away!! Every single receipt is precious for a small business. You don’t need a personal assistant [...]

30 11, 2016

Freelancers and the Gig Economy

By | November 30th, 2016|Business, Finance, News, Uncategorized|0 Comments

Are you a Freelancer making your way in the Gig Economy? Living off your creativity brings with it a huge amount of satisfaction and the feeling of being independent, your own boss. But there are certain things that can burst that bubble, one of which is sorting out your accounts and (sorry we've got to [...]

23 11, 2016

Do you need a Business MOT?

By | November 23rd, 2016|Business, Finance, News, Uncategorized|0 Comments

We’re just over half  way through the financial year, so maybe it’s time for a “Business MOT”. You make sure your car is fit to get you through the year, so why not do the same with your company? Here are the main areas that should be reviewed to make sure you are hitting your [...]

17 11, 2016

Doing your own bookkeeping? Beware of these mistakes…..

By | November 17th, 2016|Business, Finance, Uncategorized, Xero|0 Comments

You may have been in business for years or you could be a young start-up finding your feet, either way, if you are spending time carrying out your own bookkeeping, make sure you are not falling foul of any of these errors……   Combining personal and business bank accounts Don’t get too caught up in [...]

8 11, 2016

No more tax returns? Welcome to Digital Tax.

By | November 8th, 2016|Business, Finance, News, Uncategorized, Xero|0 Comments

We are seeing the biggest shake-up on Self-Assessment for years, HM Revenue & Customs (HMRC) wants its relationships with taxpayers to have become almost exclusively digital, and digital tax accounts represent a significant step towards this goal. Under the new system, an organisation’s or an individual’s digital tax accounts will be accessible by them at [...]

2 11, 2016

Termination Payments, the Rules are Changing….

By | November 2nd, 2016|Uncategorized|0 Comments

From April 2018, the treatment of termination payments made by employers will be changing, employer's, but not employee's NI will be charged on all termination payments that exceed £30,000. As an additional cost to employers, this will potentially make redundancies much more expensive. HMRC are also planning on consulting on wider changes to the tax and [...]