R&D is a tax relief you can claim from HMRC for technical development and research projects and it well worth looking into if you think you could be eligible. We hooked up with Simon Bulteel from Cooden Tax Consulting to get his top tips for R&D as its an area that is definitely worth exploring, …
We’ve had the big budget announcement I was waiting for, and sadly it’s pretty pants news for small limited companies! If you’re a sole trader or landlord, good news for you is that not an awful lot is changing. Rates are staying the same apart from your Capital Gains allowance dropping from £12,300 to £6,000. …
The tax year end is also rapidly approaching, what do you need to do to make sure you’re prepared? The new tax year is looking to be a bit of a beast with the new tax rates incoming. Very helpfully we still don’t know for certain what is coming in April. Which is really ace …
Its tax tips time again, and this time we’re talking Research and Development (R&D). Full disclosure up front on this one – its something we want to make sure all our clients are aware of, but it’s not something we can help with. R&D is an area that can save you a whole bunch of …
A lot of people are thinking about buying electric cars through their limited company so here is the run down of how it works and the key things to consider. Remember… You don’t have to run out and sell your car and buy a snazzy electric vehicle. If you have a car you own personally …
We are all thinking about money, where its going, how to make more of it, how to make it last more than ever at the moment. Cashflow is what you need to be thinking about for your business. Running out of cash is one of the biggest reasons that businesses fail. It’s not surprising really, …
You’ve likely heard the rumblings and rumours about Making Tax Digital for Income Tax Self Assessment (MTDITSA) being on the way. We purposely haven’t said too much about it up to this point. Mostly because HMRC keep changing their minds about exactly when it will begin, so why worry you when we don’t have a …
Making Tax Digital For Self Employed and Landlords Read More »
Do you hear management accounts and automatically tune out? Do you assume they are for big serious businesses with big serious management teams? The big question is, what are management accounts and why are they helpful? Personally I think the name does them a big disservice. It makes them sound far more serious and scary …
Director’s loan accounts, also known as the DLA. You will have heard director’s loan accounts mentioned at some point in your limited company journey. For most directors of small businesses they’re a pretty day to day thing. But, just because we talk about them all the time and you’re using them, doesn’t mean you actually …
Money is in the news fairly endlessly at the moment. If you’re feeling constantly paranoid about your prices and if you’re charging correctly you’re not alone. Working out what to charge as a service based business is really hard! It can feel really overwhelming working out what you need to be charging to ensure you’re making the …
What should I charge as a service based business? Read More »
Accounting hints, tips, and updates
Want our fortnightly/monthly rambling on some handy accounting things? We attempt to make it slightly less boring than reading the back of shampoo bottles but can’t make any promises.
2 Sisters Accounting is a Limited company registered in England and Wales Registration No. 11167998
Reg office: International House, 12 Constance Street, London, E16 2DQ
