If you have to complete a 2020/21 tax return, the standard deadline to submit your return is 31st January 2022. As this date is coming up quick, you should be …
How to set Business Goals to make 2022 your best year yet
Are you ready to make your 2022 New Year resolutions? More to the point, are you going to keep them? Despite our very best intentions, New Year resolutions don’t often …
How to avoid the Christmas Cashflow Crunch
The winter months can be a worrying time for many business owners. Depending on your business, managing the cash coming in and at the same time juggling what needs to …
Tiptoe with Crypto! (We may ‘coin’ this phrase…)
If you are investing in Cryptocurrencies and coins (Cryptoassets), you need to know about a couple of key tax issues. We are still in the early days of HM Revenue …
Director’s Loan Accounts Explained! (The Basics)
You may have heard the term ‘Director’s Loan Account’ mentioned by accountants or other business people. If you don’t really understand it, or you’ve not come across the term, here …
The Self Employed £1000 Trading Allowance Explained
We quite often see self-employed business owners paying tax where they don’t need to. This is almost always down to a lack of knowledge. The £1000 Trading Allowance is one …
Budget 2021 Highlights for Small Business Owners
Another year, another Budget! This year’s second budget was a little quiet on the tax front. While there were plenty of announcements around financial matters, in this blog we’ve covered …
Your Limited Company accounts: the difference between Dormant, Micro-entity, Full and Filleted
As a limited company owner, do I have a choice about the type of accounts I can prepare? In a word, yes. And what’s more, here’s why it matters! …
More than one income stream? How the tax works
In modern life, and especially after the pandemic, more and more people have multiple sources of income. As a result, there is often a lot of confusion about how the …
Self-employed expenses: what you can claim (mostly)
If you are just starting out as self-employed, or have been for a while, here’s a refresher on the types of expenses you can claim in your tax return. Claiming …