When starting your own business you have to make a choice about how you would like your business set up. The main choice is between a sole trader or setting up a limited company. There are advantages and disadvantages of both and what is right for one person may not be right for you. What […]
Should I be a Limited Company or a Sole Trader? Read More »
One of the first hurdles to cross when starting your own business is getting everything set up and ready to go. You’ve finally settled on a limited company over being a sole trader and want to get started, but aren’t sure of what you need to do or if you’ve covered everything. Here is our handy check list
Limited company set up checklist Read More »
Once the accounts and tax return have been filed the next step is to pay HMRC. We often get asked how to do this! You can pay the corporation tax bill online here.To do this you will need the company’s payment reference number. This will be on the payment notice sent from HMRC. Corporation Tax –
How to pay your Corporation Tax Read More »
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.
Spring 2023 budget update for small businesses Read More »
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
Research and Development (R&D) Read More »
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
Rules on electric company cars Read More »
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 »
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
