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Pre-Year End Tax Planning Opportunities 2022
We appreciate 2021 has been another challenging year as we have been putting one foot in front of the other, so putting money aside or looking to reduce your tax probably couldn’t have been further from your mind. However, as the 5th April 2022 approaches, we don’t want you to miss out on the relevant…
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Pre-Year End Tax Planning Opportunities 2021
After the 2020 we have had, I am sure many of you are further than you have ever been from being able to put money aside or otherwise reduce your tax. However, we don’t want you to miss out. Therefore, please find below our top ten tips for you to consider to reduce the amount…
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Ten Top Tips For Completing Your Self-Assessment Tax Return
It’s that time of the year again… Tax Return season. It’s like Christmas, only better. Or maybe not. The deadline for filing your 2019/2020 (year ending 5th April 2020) Tax Return online is 31st January 2021, or 20 days away. Payment of your taxes is 31st January 2021, unless your tax liability is in excess…
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The ultimate guide to planning and running a business
Having a brilliant business idea is just the beginning of running and growing a successful start up. Turing passion into profit requires careful planning, knowing your industry and the associated rules and regulations and a bit of luck and skill as well. This guide will help you get ahead, stand out and even identify when…
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It’s Chrisssssstmasss
Are you claiming all the expenses you can in your accounts to reduce your corporation tax bill? Company directors are entitled to provide an annual event for yourself, staff and your partner, and reclaim the costs, as long as the cost per head does not exceed £150 (including VAT), not even by a penny. The…
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Getting a Self-Employed Mortgage – Why an Accountant Makes all the Difference
Let’s not beat around the bush – getting a mortgage if you are self-employed or run your own business is hard. There are a lot of obstacles in the way of buying a property and if you are in the position where your work and your income fluctuates, then it can feel impossible to break…
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Power of Attorney (PoA)- Having Your Finances Secured
When dealing with finances, there is a hierarchy that seems to exist in most people’s minds when it comes to making sure their family are cared for should anything unexpected happen to affect their ability to provide.
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R&D Tax Credits: could you wipe out your corporation tax?
Is your business eligible for Research and Development (R&D) tax credits? R&D tax credits were established to drive innovation and recognise UK businesses that invest in research and development of new products, processes or services (or enhancing existing ones) allowing them to invest in further R&D and growth.
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Why DIY Accounting Is Dangerous
If you’re running your own business, or you’ve just started up, you’re constantly looking for ways to minimise costs and improve your profit! Many people look on professional accountancy and book keeping services as a cost burden and see DIY accounting as an instant saving.