Tag: maths

Running a small business or microbusiness can feel like you’re wearing all the hats—CEO, marketer, HR, finance, legal, and everything in between. While it’s rewarding, it’s also a huge challenge, and it’s easy to get bogged down by the day-to-day tasks. We’ve seen firsthand how focusing on the right areas can make the difference between…

The UK Government is gearing up for the Autumn Budget on Wednesday 30th October 2024, which always brings potential changes to the tax landscape. With a change in Government and a change in ideas, changes in the UK tax system seem inevitable. As a forward-thinking accountancy firm, we know that staying informed and proactive is…

A dividend voucher is pretty much like a receipt for a dividend payment. It is given out by a private or public company which is limited by shares. The purpose is to confirm to those shareholders how much of the profits they will receive at any given time. This could be via an interim dividend,…

Whether or not you can receive a State Pension in the UK depends on a number of factors, such as your age and how many years of National Insurance (NI) you have paid. Both men and woman are entitled to a State Pension when they turn 66. But there are plans to increase this to…

If you’re about to hire someone to help out with running your business then it’s time to think about registering them for PAYE. An acronym for Pay As You Earn, the scheme is administered by HMRC and it’s how your employee will pay income tax and national insurance. You have to deduct the amount they…

Not every company needs to be registered to pay Value Added Tax (VAT). Only those businesses who meet certain criterion need to go down that route. Essentially this means your taxable turnover is more than £85,000 in a year (fixed until March 2024). Other reasons you will have to register are: If you anticipate reaching…

Part and parcel of running a business is managing your company accounts. Whether you do that yourself, or hire a professional accountant is immaterial. Just so long as you keep records of any invoices, receipts, expenses, bills, VAT and PAYE records etc that you’ve used to calculate your year-end accounts. This doesn’t just make running…

When you first start out in business it’s usually as a sole trader. Then you find sales really taking off and before you know it – usually within two to three years – you’ve hit that £40,000 plus profits mark. And you really could do with another pair of hands in the business – or…

Post-pandemic more people than ever before have found themselves working from home – at least for some of the week. The ‘hybrid’ model working where it’s common to divide your working day between home and the office is pretty much standard fare for most employees these days. For many freelancers working life didn’t really change…

Every employee in the UK has a tax code – regardless of whether you work full-time or part-time. It allows your employer to work out how much income tax and national insurance should be deducted from your wages or private pension. This is via the Pay as You Earn (PAYE) system. Only individuals who are…