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 …
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’. …
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 …
Small Business Payroll Explained!
As a small business, payroll can seem like yet another daunting task to have to manage. Payroll does bring its own complexities with it, so in this short blog we’ll …
Transferring your Sole Trader to a Limited Company – Things to consider when you do
Being a limited company can be awesome for tax saving in the right circumstances. If you are already a sole trader business, then turning into a limited company creates opportunities …
Happy new (tax) year!
Whilst this is a popular accounting joke we do every year, (we don’t get out much!), it is also a fairly exciting point in the year for us tax geeks. …
Restart Grants for Businesses with Premises
In his Budget speech, The Chancellor announced a new grant linked to business rates, so for those businesses with premises. The new ‘Restart Grant’ is payable to businesses in England, …
6 top tips for starting a business on furlough
Can I start a new business while I’m on furlough? Oh yes indeed! We’ve seen some fantastic businesses launched over the last year that have really worked during (and often …
Can I split up my business to avoid registering for VAT?
If your sales are approaching £85,000 in the last 12 months, then you are also approaching the threshold where you must register for VAT. You might have decided you do …
How to defer your VAT from Lockdown 1.0
During Lockdown 1.0, business owners had the option to delay (defer) paying their VAT bill for VAT payments due between 20th March 2020 and 30th June 2020. For most businesses, …
5th April is coming! Top 10 things to do before the end of the tax year
The end of the personal tax year is approaching fast, but don’t panic! There is still time to do a few things to save tax / lower your tax bill. …
Don’t miss out on £2000 tax free from your company!
Fancy £2k tax free from your own business? Of course you do! If you are a limited company owner (i.e. a shareholder), it is quite likely you will be paying …