Category: Small Business Guides

Whether you are starting a new business or have been self employed for some time, we have assembled a collection of small business guides provided by our expert and experienced accountants.

In need of some additional advice? Please don’t hesitate to contact us.

How to Maximise Your Tax Efficiency – 15 Top Tax Tips for 2019/20

How to Maximise Your Limited Company Tax Efficiency – 15 Tax Tips for 2019/20

Operating through a limited company structure is usually the best way, for a self-employed individual, contractor or entrepreneur to legitimately and compliantly maximise your tax efficiency. This is because you can take remuneration through an efficient mix of salary and dividends and claim a wide range of legitimate business expenses.

Here are some top tips that could help you save tax either through your company or personally through your self-assessment

10 ways HMRC can tell if you are cheating the tax system

In today’s modern digital age, it is increasingly hard to avoid the many methods HMRC uses for catching tax cheats and those looking to bend the rules. HMRC has come a long way in recent […]

Making Tax Digital for VAT

Making Tax Digital for VAT – The Complete Guide for Small Businesses

Starting from April 2019, most VAT registered businesses will have to comply with the new ‘MTD for VAT’ regulations and submit their VAT Tax Returns via MTD compatible software. The current process of applying VAT records to your HMRC tax account will become a way of the past, as your invoices and transactions will be transmitted via what HMRC refers to as; ‘Digital Links’ and ‘Software Bridges’. So, to get a better idea about the adjustments needed and to help you get MTD compliant, we have put together the below, Making Tax Digital for VAT complete guide.

What to look for in a business bank account?

When setting up a limited company there are many things to consider, not least an accountant, as our previous guide explained.  However, an essential element is a limited company bank account as this forms an […]

Employing staff

Thinking of employing someone in your business?

So, you’ve worked on your own for what seems like ever, but as the hours you spend sat at your computer screen increases you realise it’s time to take the plunge and hire help. Employing […]

Professional Insurance

Buisness Insurance: Why do you need it?

Business Insurance is a necessity of everyday life, be it be house, car, life or even mobile phone cover.  In business, this is no exception but it is often overlooked as an essential service for […]

What is GDPR?

What is GDPR (General Data Protection Regulation)?

What is it? The General Data Protection Regulations 2018 (“GDPR”) is EU legislation set to apply in the UK from 25th May 2018.  It replaces the current Data Protection Act (“DPA”) and is designed to […]

How to get paid!

How to chase unpaid invoices

A healthy cash flow is essential for a business to survive.  Failing to get paid quickly and regularly for work done for a customer can result in serious cash flow issues and ultimately will affect […]