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 …
Don’t be a hedgehog
Right now, the UK is in a financial squeeze. You’ve only just come out of the most intense trading conditions during peak COVID and now this. It can feel like …
Spring Statement 2022 – good news for small business owners?
The Chancellor Rishi Sunak took to the stage on 23rd March to give his Spring Statement. Over the years this has very much felt like a ‘mini budget’ and this …
Why your business will make less money from April – unless you act now
For most small business owners, their business will become less profitable, or even unviable, from April. The same could happen to you – unless you act now. The main reasons …
Happy (pre) tax year end! Stuff to do before 5th April 2022
In the lead up to the 5th April, (the personal tax year end), there are some items that you should think about if you’d like to maximise all of your …
How to use Xero for the first time – A beginners’ guide
Getting to know a new piece of software can be a daunting task. So, here’s some directions on what you should look at when you use accounting app Xero for …
National Insurance rise – why you could be worse off from 6 April 2022
During late 2021 the government announced that it would support further funding of the NHS and social care sector through the introduction on a new ‘Health & Social Care Levy’. …
Should your business be VAT registered?
Ah, the age old question! As business accountants, this question pops up every day, mainly because VAT can be a difficult tax to understand. It’s yet another finance subject not …
Like a £6000 grant? The Omicron Hospitality and Leisure Grant
After 18 months of support and announcements, it feels like a while since we’ve reported on government COVID support. For those businesses in the hospitality and leisure sector, there is …