Hints, Tips and Guides
...to grow a business that works for you
Business Expenses – what is and isn’t allowed
One of the first questions we hear from new small businesses is “can I buy this through the business.” The fear of falling foul of
What Are Capital Allowances?
When you purchase large equipment or vehicles for your business you are not able to just buy them and knock the whole cost against your
What are payments on account?
One of the benefits of being a sole trader and working for yourself is you don’t have tax deducted from every payment you receive. Instead
Who needs to do a tax return?
The deadline for registering for self-assessment is 5th October each year. There’s a number of reasons that you might need to register for self-assessment, some
New corporation tax rates and associated companies
With the changes in corporation tax that came in in April 2023 there are now two rates of corporation tax. 19% if your profits are
Rental Property Expenses – What can I claim?
Renting out properties and being sure of what you can and can’t claim as tax deductible expenses can be very tricky. In the past few
Paying HMRC late will cost you even more
Lets start with the good news, overpaying HMRC or paying them ahead of time will earn you interest of 4.25% from 22nd August 2023. Which in
Pros and cons of using a limited company for rental properties
Should you use a limited company to hold rental properties? As is so often the case with accounting and tax issues it depends, however with
Self Employment VS Employment
Whether you are employed or self-employed makes a difference to how you pay income tax and national insurance and how much you have to pay.
Want to do what you love and fund your lifestyle?
It’s possible to have both when you have the right sidekick.
