With high inflation and the cost of living increasing at a vast rate, many businesses have followed suit and are raising their prices. As a result, business owners need to …
Making Tax Digital: Your Basics Guide
No less than 5+ ‘Tax Returns’ a year are coming in 2024. Yes, at least FIVE. If you are self-employed or a landlord, there are MASSIVE changes coming your way …
What are margins – and why are they important?
The numbers in your business always tell a story. And probably the most important story is that told by your profit margins. The profit margin is a measure of the …
Finding motivation as a business owner
Trying to ‘find’ motivation can be a challenge, both in business and in life. Working with a wide range of businesses every day, we find this topic comes up again …
Tax free allowance for limited companies – is this real?
It’s a question around limited companies that we get asked all the time. The short answer is (in the words of Little Britain’s schoolgirl Vicky Pollard), ‘No, but….’. New business …
How to find time to work ON you business
Many people will have heard the saying, ‘Work ON your business, not IN it’. In the small business world this can often feel impossible. There is never enough time in …
Happy New Tax Year
Whilst this is a great (?!) accounting joke we do every year, it is also a fairly exciting point in the year for us tax geeks. The start of the …
What we learnt about the future of business from Accountex 2022
In a rare excursion outside the office, our team spent two packed days of talks, presentations and freebies at the mega industry trade show ‘Accountex’. I’m sure an accounting conference …
3 Easy Ways to Check Your Own Book-keeping
If you are carrying out your own book-keeping on accounting software, this may sound familiar! You’ve done all the data entry. You pat yourself on the back for a job …
Can you claim expenses before a self-employed business starts?
It’s quite likely that as a new business owner, you’ll need to buy things to get your business rolling in advance, such as: stock website/s and hosting advertising IT hardware …
Self-employed motor expenses basics
Self-employed travel is actually more complex that many people think, so here’s our overview of the key rules. Is it relevant? As a reminder, the simple(?!) rule for whether something …
Travel costs for the self-employed
With rising fuel prices becoming an issue for many self-employed people, here’s our overview of the rules relating to business travel as a self-employed person and/or sole trader. The rules …