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 »

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 »