corporation tax

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 …

Corporation Tax – Changes are coming… Read more »

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 …

As a sole trader, how do I pay myself? Read more »

self-assessment tax return

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. …

Do you NEED to complete a self-assessment tax return? Read more »

file your tax return today

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 …

Should you file your tax return today? YES! Find out why… Read more »

How long do I need to keep business invoices?

“How long do I need to keep business invoices?” This is a question that new sole traders and company directors often ask. Before we answer that question, we think it is probably more important to clarify just what invoices you …

“How long do I need to keep business invoices?” Read more »

tax returns

If you are wondering “What happens if you submit and pay your tax return late?”, we’ve detailed all the information you need here… What happens if you’re late filing your income tax return? If you miss the due date to …

Late income tax returns, errors and mistakes – what will they cost you? Read more »

furlough

HMRC has published new guidance which explains what steps it will take to recover furlough payments that have been wrongly claimed. HMRC accepts that ‘mistakes happen’ and says that it isn’t looking for ‘innocent errors’. Instead, it is going to …

Think you might have overclaimed on Furlough Scheme? What to do next… Read more »

accounting tips

The life of a small business isn’t easy, your day is packed with jobs and other activities that need to be done, but they may not always be how you would like to be spending your time – keeping on …

Accounting Tips That Will Keep Your Small Business on track Read more »

tax return

Sole traders across the UK will notice letters from the taxman dropping through their letterboxes in the days ahead, reminding them that the tax year has ended and it’s now time to file their Self-Assessment Tax Return. Of course, the …

Don’t delay – Submit your tax return today! Read more »

small business 2019

Many would be business owners take the opportunity of a new year to pursue their entrepreneurial dreams. If you are going to use 2019 to launch your new business then it’s important to remember that finances are a necessary part …

Will You Pursue Your Business Idea in 2019? Read more »