Videos

Limited Company Guides

Wondering how to get a limited company? In this video Dan runs you through the process of getting a limited company in 2023: 

What you can call a limited company 
How to form a limited company 
Do you need an accountant to form a limited company 
How long does it take to set up a limited company in the UK
Who can be a director of a limited company in the UK 
Who can be a shareholder of a limited company in the UK 
Do you need a registered office address 
Where should your registered office address be 
Limited company explained UK
Limited company names
Choosing a UK bank account
Choosing a UK small business accountant
How to choose a SIC code

00:53 What is a limited company?
02:15 Should I be a limited company?
2:40 Reminder about money
03:09 Decision 1 - Names
05:24 Decision 2 – Registered Office 
06:58 Decision 3 – Shareholders
08:40 Decision 4 – Directors
09:50 Forming the company
11:53 Registering for corporation tax
12:35 SIC codes
13:29 Bank accounts
16:09 Accountants and filing
16:40 Summary


… and more!
If you have any questions on this, please comment below. 

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners. 

Join our mailing list for tax tips at: www.heelanassociates.co.uk

You can see more about what we get up to as an Accountancy Business on the following: 

LinkedIn (Dan): https://www.linkedin.com/in/danheelan/ 
Instagram (Dan): https://www.instagram.com/danheelan/ 
Twitter (Dan): https://twitter.com/danheelan

Instagram (Company): https://www.instagram.com/teamheelan 
Facebook (Company): https://www.facebook.com/HeelanAssoci...
Twitter (Company): https://www.twitter.com/HeelanAssocs 
Web: https://www.heelanassociates.co.uk 

Call: 02392 240040 Email: info@heelanassociates.co.uk

#accounting #smallbusinessuk #tax

Wondering how to get a limited company? In this video Dan runs you through the process of getting a limited company in 2023:

What you can call a limited company
How to form a limited company
Do you need an accountant to form a limited company
How long does it take to set up a limited company in the UK
Who can be a director of a limited company in the UK
Who can be a shareholder of a limited company in the UK
Do you need a registered office address
Where should your registered office address be
Limited company explained UK
Limited company names
Choosing a UK bank account
Choosing a UK small business accountant
How to choose a SIC code

00:53 What is a limited company?
02:15 Should I be a limited company?
2:40 Reminder about money
03:09 Decision 1 - Names
05:24 Decision 2 – Registered Office
06:58 Decision 3 – Shareholders
08:40 Decision 4 – Directors
09:50 Forming the company
11:53 Registering for corporation tax
12:35 SIC codes
13:29 Bank accounts
16:09 Accountants and filing
16:40 Summary


… and more!
If you have any questions on this, please comment below.

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.

Join our mailing list for tax tips at: www.heelanassociates.co.uk

You can see more about what we get up to as an Accountancy Business on the following:

LinkedIn (Dan): https://www.linkedin.com/in/danheelan/
Instagram (Dan): https://www.instagram.com/danheelan/
Twitter (Dan): https://twitter.com/danheelan

Instagram (Company): https://www.instagram.com/teamheelan
Facebook (Company): https://www.facebook.com/HeelanAssoci...
Twitter (Company): https://www.twitter.com/HeelanAssocs
Web: https://www.heelanassociates.co.uk

Call: 02392 240040 Email: info@heelanassociates.co.uk

#accounting #smallbusinessuk #tax

707 68

YouTube Video UExrenktOHltMm5JajFROGhCTU11YlRNRVpSdXJmVEtXaS42QzdBMzlBQzQzRjQ0QkQy

HOW TO START A LIMITED COMPANY IN 2023 (UK)

Heelan Associates 18 June 2023 7:45 pm

HOW TO START A LIMITED COMPANY IN 2021 (UK)

Heelan Associates 6 May 2021 7:40 pm

WHAT TO FILE FOR A DORMANT LIMITED COMPANY (UK)

Heelan Associates 17 September 2020 6:48 pm


How to Become Self-Employed

HOW TO BECOME SELF EMPLOYED IN 2021 (UK)

Heelan Associates 13 June 2021 8:00 pm

WHEN DO YOU NEED TO DO YOUR SELF-ASSESSMENT TAX RETURN (SELF EMPLOYED)

Heelan Associates 22 January 2023 8:45 pm

Wondering what expenses you can claim in your tax return as a self employed business owner?

In this video Dan runs through the basics of what expenses you can claim as self-employed.
Topics include:
What expenses you can claim as self employed
Self-employed travel expenses
Self-employed working from home costs
Self-employed training costs
Self-employed entertainment
List of self-employed expenses
How you claim self-employed expenses
Self-employed capital allowances

 ..... and more! 


Our self-employed start up guide

https://www.heelanassociates.co.uk/setting-up-self-employed-or-sole-trader/

HMRC internal manual

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim37000

You can see more about what we get up to on the following: 

LinkedIn (Dan Heelan): https://www.linkedin.com/in/danheelan/ 
Instagram (Dan Heelan): https://www.instagram.com/danheelan/ 

Podcast: heelanhub.co.uk The HeelanHub Podcast, a show for small business owners. 

Join our mailing list for tax tips at: www.heelanassociates.co.uk

Instagram (Company): https://www.instagram.com/teamheelan 
Facebook (Company): https://www.facebook.com/heelanassociates
Twitter (Company): https://www.twitter.com/HeelanAssocs 
Web: https://www.heelanassociates.co.uk 

Call: 02392 240040 Email: info@heelanassociates.co.uk

00:00 Intro Self Employed Expenses
01:15 Wholly and Exclusively
02:05 Small List of general expenses
02:25 Use of Home expenses
04:10 Vehicle and travel expenses
04:45 Clothing expenses
05:58 Medical expenses
06:30 Entertainment expenses
07:55 Tax on profits
08:12 Keeping good records
08:38 How to claim

Wondering what expenses you can claim in your tax return as a self employed business owner?

In this video Dan runs through the basics of what expenses you can claim as self-employed.
Topics include:
What expenses you can claim as self employed
Self-employed travel expenses
Self-employed working from home costs
Self-employed training costs
Self-employed entertainment
List of self-employed expenses
How you claim self-employed expenses
Self-employed capital allowances

..... and more!


Our self-employed start up guide

https://www.heelanassociates.co.uk/setting-up-self-employed-or-sole-trader/

HMRC internal manual

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim37000

You can see more about what we get up to on the following:

LinkedIn (Dan Heelan): https://www.linkedin.com/in/danheelan/
Instagram (Dan Heelan): https://www.instagram.com/danheelan/

Podcast: heelanhub.co.uk The HeelanHub Podcast, a show for small business owners.

Join our mailing list for tax tips at: www.heelanassociates.co.uk

Instagram (Company): https://www.instagram.com/teamheelan
Facebook (Company): https://www.facebook.com/heelanassociates
Twitter (Company): https://www.twitter.com/HeelanAssocs
Web: https://www.heelanassociates.co.uk

Call: 02392 240040 Email: info@heelanassociates.co.uk

00:00 Intro Self Employed Expenses
01:15 Wholly and Exclusively
02:05 Small List of general expenses
02:25 Use of Home expenses
04:10 Vehicle and travel expenses
04:45 Clothing expenses
05:58 Medical expenses
06:30 Entertainment expenses
07:55 Tax on profits
08:12 Keeping good records
08:38 How to claim

2K 272

YouTube Video UExrenktOHltMm5JZzVpZGhkcXN5cTlsVFBPbzYtVTk5VC44Mjc5REFBRUE2MTdFRDU0

SELF-EMPLOYED EXPENSE BASICS – WHAT CAN YOU CLAIM?

Heelan Associates 23 September 2021 8:38 pm


All Videos

As we are approaching the 5th April, you there are some points to consider if you want to save some last minute cash. You have a ‘use it or lose it’ allowance for many things. In this video Dan runs you through what you need to know and do before 5th April to save some tax.

Topics include:
Pre tax year end planning
Dividend Allowance
How to pay a dividend
Limited company dividends
£2000 dividend allowance
How dividends work
Shareholder dividends
Director dividends
ISA Allowance
Pensions allowances
Child benefit
Marriage Allowance
Capital Gains
Best salary for a limited company owner
Landlords tax saving
Capital allowances
Gift Aid
Inheritance tax

If you have any questions or thoughts on this, please comment below. 

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners. 

Join our mailing list for tax tips at: www.heelanassociates.co.uk

You can see more about what we get up to as an Accountancy Business on the following: 

LinkedIn (Dan): https://www.linkedin.com/in/danheelan/ 
Instagram (Dan): https://www.instagram.com/danheelan/ 
Twitter (Dan): https://twitter.com/danheelan
TikTok (Dan): @dan.heelan

Instagram (Company): https://www.instagram.com/teamheelan 
Facebook (Company): https://www.facebook.com/HeelanAssociates
Twitter (Company): https://www.twitter.com/HeelanAssocs 
Web: https://www.heelanassociates.co.uk 

Call: 02392 240040 Email: info@heelanassociates.co.uk

#accounting #smallbusinessuk #tax

Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice.

As we are approaching the 5th April, you there are some points to consider if you want to save some last minute cash. You have a ‘use it or lose it’ allowance for many things. In this video Dan runs you through what you need to know and do before 5th April to save some tax.

Topics include:
Pre tax year end planning
Dividend Allowance
How to pay a dividend
Limited company dividends
£2000 dividend allowance
How dividends work
Shareholder dividends
Director dividends
ISA Allowance
Pensions allowances
Child benefit
Marriage Allowance
Capital Gains
Best salary for a limited company owner
Landlords tax saving
Capital allowances
Gift Aid
Inheritance tax

If you have any questions or thoughts on this, please comment below.

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.

Join our mailing list for tax tips at: www.heelanassociates.co.uk

You can see more about what we get up to as an Accountancy Business on the following:

LinkedIn (Dan): https://www.linkedin.com/in/danheelan/
Instagram (Dan): https://www.instagram.com/danheelan/
Twitter (Dan): https://twitter.com/danheelan
TikTok (Dan): @dan.heelan

Instagram (Company): https://www.instagram.com/teamheelan
Facebook (Company): https://www.facebook.com/HeelanAssociates
Twitter (Company): https://www.twitter.com/HeelanAssocs
Web: https://www.heelanassociates.co.uk

Call: 02392 240040 Email: info@heelanassociates.co.uk

#accounting #smallbusinessuk #tax

Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice.

66 16

YouTube Video VVVfVWpnN2tURHZPU1laLW5MeVlNSXJnLml5Vkt5VFNxZ1RB

SAVE LAST MINUTE TAX BEFORE 5th APRIL – STUFF TO LOOK AT [2024]

Heelan Associates 31 March 2024 7:45 pm

Is there any more good news for business owners from the Budget 2024? 

In this video Dan runs through the news from the recent budget looking at: 

Self employed National Insurance Rates 
Employed National Insurance Rates 
National Insurance reductions in 2024 
VAT registration threshold changes 2024 
Child benefit high income benefit charge ‘tax’ changes 
Captial Gains tax changes 
Furnished holiday let tax changes 
Changes to tax bands and personal allowances (?!) 
… and more! 

Written summary: https://www.heelanassociates.co.uk/the-spring-budget-2024/  

If you have any questions or thoughts on this, please comment below.  

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.  

Join our mailing list for tax tips at: www.heelanassociates.co.uk 

You can follow us for more business insight and tax tips on the following:  

LinkedIn (Dan): https://www.linkedin.com/in/danheelan/  
Instagram (Dan): https://www.instagram.com/danheelan/  
Twitter (Dan): https://twitter.com/danheelan 
TikTok (Dan): @dan.heelan 

Instagram (Company): https://www.instagram.com/teamheelan  
Facebook (Company): https://www.facebook.com/HeelanAssociates
Twitter (Company): https://www.twitter.com/HeelanAssocs  

Web: https://www.heelanassociates.co.uk  

Call: 02392 240040 Email: info@heelanassociates.co.uk 

#accounting #smallbusinessuk #tax 

Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice.

Is there any more good news for business owners from the Budget 2024?

In this video Dan runs through the news from the recent budget looking at:

Self employed National Insurance Rates
Employed National Insurance Rates
National Insurance reductions in 2024
VAT registration threshold changes 2024
Child benefit high income benefit charge ‘tax’ changes
Captial Gains tax changes
Furnished holiday let tax changes
Changes to tax bands and personal allowances (?!)
… and more!

Written summary: https://www.heelanassociates.co.uk/the-spring-budget-2024/

If you have any questions or thoughts on this, please comment below.

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.

Join our mailing list for tax tips at: www.heelanassociates.co.uk

You can follow us for more business insight and tax tips on the following:

LinkedIn (Dan): https://www.linkedin.com/in/danheelan/
Instagram (Dan): https://www.instagram.com/danheelan/
Twitter (Dan): https://twitter.com/danheelan
TikTok (Dan): @dan.heelan

Instagram (Company): https://www.instagram.com/teamheelan
Facebook (Company): https://www.facebook.com/HeelanAssociates
Twitter (Company): https://www.twitter.com/HeelanAssocs

Web: https://www.heelanassociates.co.uk

Call: 02392 240040 Email: info@heelanassociates.co.uk

#accounting #smallbusinessuk #tax

Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice.

91 11

YouTube Video VVVfVWpnN2tURHZPU1laLW5MeVlNSXJnLmhrRmlKbkdGQk0w

GOOD NEWS FOR THE SELF-EMPLOYED, BUT ANYTHING ELSE?

Heelan Associates 17 March 2024 8:45 pm

Would you be ok with your FULL accounts being online for all to see? You best get used to the idea… 

*** Survey Dan mentions in the video: https://forms.microsoft.com/e/ugCniFSYqF 

(This is limited companies only at this stage)

Topics include: 

Limited Company Accounts  
Companies House Reforms white paper  
Corporate Transparency and Register reform  
Profit and loss companies house  
What details are on Companies House Companies House  
Micro Entities  
Balance Sheets  
Accounting notes 
What details you can see online about your business 
Can customers see your accounts 
… and more! 


If you have any questions or thoughts on this, please comment below.   

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.  

Join our mailing list for tax tips at: www.heelanassociates.co.uk 

You can see more about what we get up to as an Accountancy Business on the following:  


LinkedIn (Dan): https://www.linkedin.com/in/danheelan/  
Instagram (Dan): https://www.instagram.com/danheelan/  
Twitter (Dan): https://twitter.com/danheelan 
TikTok (Dan): @dan.heelan 


Instagram (Company): https://www.instagram.com/teamheelan  
Facebook (Company): https://www.facebook.com/HeelanAssoci... 
Twitter (Company): https://www.twitter.com/HeelanAssocs  
Web: https://www.heelanassociates.co.uk  

Call: 02392 240040 Email: info@heelanassociates.co.uk 

#accounting #smallbusinessuk #tax 

Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice.

Would you be ok with your FULL accounts being online for all to see? You best get used to the idea…

*** Survey Dan mentions in the video: https://forms.microsoft.com/e/ugCniFSYqF

(This is limited companies only at this stage)

Topics include:

Limited Company Accounts
Companies House Reforms white paper
Corporate Transparency and Register reform
Profit and loss companies house
What details are on Companies House Companies House
Micro Entities
Balance Sheets
Accounting notes
What details you can see online about your business
Can customers see your accounts
… and more!


If you have any questions or thoughts on this, please comment below.

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.

Join our mailing list for tax tips at: www.heelanassociates.co.uk

You can see more about what we get up to as an Accountancy Business on the following:


LinkedIn (Dan): https://www.linkedin.com/in/danheelan/
Instagram (Dan): https://www.instagram.com/danheelan/
Twitter (Dan): https://twitter.com/danheelan
TikTok (Dan): @dan.heelan


Instagram (Company): https://www.instagram.com/teamheelan
Facebook (Company): https://www.facebook.com/HeelanAssoci...
Twitter (Company): https://www.twitter.com/HeelanAssocs
Web: https://www.heelanassociates.co.uk

Call: 02392 240040 Email: info@heelanassociates.co.uk

#accounting #smallbusinessuk #tax

Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice.

143 68

YouTube Video VVVfVWpnN2tURHZPU1laLW5MeVlNSXJnLjJTMEsxcWx0VFpV

I NEED YOUR HELP: YOUR BUSINESS PROFITS ARE GOING ONLINE FOR ALL TO SEE

Heelan Associates 18 February 2024 8:46 pm

Buying a van for your business and not sure how the tax relief works? 

In this video Dan runs through how you can claim tax relief on your work van. 

Topics include: 

Capital allowances on a business van 
Annual investment allowance for van 
VAT on van for business 
Self-assessment tax return 
Cash basis 
Accruals basis 
Motor expenses 
HMRC mileage rates / Fixed rate mileage 

00:00 Intro  
01:00 Hire purchase and cash purchase 
01:18 Leasing and renting a van 
02:15 Motor costs for self-employment 
03:12 The cost of the van and Capital Allowances 
04:15 Two ways to do your tax return 
05:30 VAT van costs 
06:05 How it works on an existing van 
07:00 Selling the van next year 
08:18 What is better lease or buy 
09:10 Summary 

… and more! 

If you have any questions or thoughts on this, please comment below.   

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.  

Join our mailing list for tax tips at: www.heelanassociates.co.uk 

You can see more about what we get up to as an Accountancy Business on the following:  

LinkedIn (Dan): https://www.linkedin.com/in/danheelan/  
Instagram (Dan): https://www.instagram.com/danheelan/  
Twitter (Dan): https://twitter.com/danheelan 
Instagram (Company): https://www.instagram.com/teamheelan  
Facebook (Company): https://www.facebook.com/HeelanAssociates 
Twitter (Company): https://www.twitter.com/HeelanAssocs  

Web: https://www.heelanassociates.co.uk  

Call: 02392 240040 Email: info@heelanassociates.co.uk 

#accounting #smallbusinessuk #tax 

Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice.

Buying a van for your business and not sure how the tax relief works?

In this video Dan runs through how you can claim tax relief on your work van.

Topics include:

Capital allowances on a business van
Annual investment allowance for van
VAT on van for business
Self-assessment tax return
Cash basis
Accruals basis
Motor expenses
HMRC mileage rates / Fixed rate mileage

00:00 Intro
01:00 Hire purchase and cash purchase
01:18 Leasing and renting a van
02:15 Motor costs for self-employment
03:12 The cost of the van and Capital Allowances
04:15 Two ways to do your tax return
05:30 VAT van costs
06:05 How it works on an existing van
07:00 Selling the van next year
08:18 What is better lease or buy
09:10 Summary

… and more!

If you have any questions or thoughts on this, please comment below.

Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners.

Join our mailing list for tax tips at: www.heelanassociates.co.uk

You can see more about what we get up to as an Accountancy Business on the following:

LinkedIn (Dan): https://www.linkedin.com/in/danheelan/
Instagram (Dan): https://www.instagram.com/danheelan/
Twitter (Dan): https://twitter.com/danheelan
Instagram (Company): https://www.instagram.com/teamheelan
Facebook (Company): https://www.facebook.com/HeelanAssociates
Twitter (Company): https://www.twitter.com/HeelanAssocs

Web: https://www.heelanassociates.co.uk

Call: 02392 240040 Email: info@heelanassociates.co.uk

#accounting #smallbusinessuk #tax

Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice.

94 16

YouTube Video VVVfVWpnN2tURHZPU1laLW5MeVlNSXJnLkRsZnBCQ3RiTzEw

HOW MUCH TAX CAN YOU CLAIM BACK ON A VAN? SELF-EMPLOYED SPECIAL

Heelan Associates 11 February 2024 8:45 pm