limited company

When you decide to form a limited company you are creating a separate legal entity with its own legal framework and accountabilities. Any profits or losses incurred belong to the company. So, when you’re managing the company you need to …

Limited company director’s responsibilities: What you need to know… 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 »

tax year

Going it alone and starting your own business can often be a bit of a culture shock! Terms that were not part of your everyday vocabulary, such as ‘tax year’, ‘financial years’ and ‘bookkeeping’, suddenly take on a whole new …

How to Prepare for the End of the Tax Year… Read more »

start-up journey

You’re starting a company – that’s great news! You’ve had an amazing commercial idea and you’re following your passion to create your own business. Good for you! But do you know what happens next? Follow this advice and your start-up …

Are you about to commence your start-up journey? 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 »

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 …

Do you know your numbers? Read more »

VAT registration

When it is a biscuit! True… No VAT is charged on plain biscuits or cakes. But when a biscuit is covered in chocolate it becomes a luxury and standard rate VAT at 20% is added to the price. Mcvities, famous …

When is a cake, not a cake? Read more »

tax-saving

Anyone running and owning a small business will tell you this one thing “be careful with tax – it’s not straightforward!”, in fact, it can be a real minefield for the unprepared. However, taking time and working closely with a …

Tax-Saving Tips for Small Business Owners Read more »