Videos

Limited Company Guides

Despite a certain demographic of the population thinking that business owners are 'gaming the system' and avoiding tax, when the fact of the matter is, if directors aren't careful, they can often be paying tax TWICE: business and personal. So, in this video, I'll walk you through a clear hierarchy of tax efficiency, starting with completely free exemptions like relevant life insurance and mileage before moving to the optimal salary and dividend split for the 2025/26 tax year. I also discuss more advance strategies (involving alphabet shares and employing family!) to demonstrate how stacking these methods helps you legally extract significant value while keeping your personal tax bill shockingly low. If you're interested in exploring how different business structures can improve tax-efficiency, check out this video: https://youtu.be/6p9jwBZr1to DOWNLOAD THE TAX FUNNEL FRAMEWORK GUIDE https://bit.ly/Tax_Funnel_Guide_Download 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ USEFUL LINKS You can sign up to Xero’s Accounting Software with a great discount here: https://bit.ly/TRY_XERO Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners https://bit.ly/HEELAN_HUB_PODCAST You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub Join our mailing list for tax tips at: www.heelanassociates.co.uk Get Revolut for Your Business: https://bit.ly/Revolut_1_Month_Free SOCIALS & CONTACT LinkedIn (Dan): https://bit.ly/LINKEDIN_DAN Instagram (Dan): https://bit.ly/INSTA_DAN X/Twitter (Dan): https://bit.ly/X_DAN TikTok (Dan): https://bit.ly/TIKTOK_DAN Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. YouTube Channel Strategy and Management (for Businesses) by Chris Lelliott. Book a free consultation for your business here: https://bit.ly/Discovery_Call_With_Chris Every Way to Get Money Out Your Limited Company (ALL LEGAL)

Every Way to Get Money Out Your Limited Company (ALL LEGAL)

Heelan Associates 7 December 2025 1:00 pm

You often hear that the wealthy do not pay tax but the truth is they simply understand how to structure their businesses to financial perfection. In this video I break down exactly how smart entrepreneurs organise their affairs to save tax and protect their cash as they scale. I take you through a detailed example of moving from a sole trader to a limited company before exploring advanced strategies like family tax planning and setting up holding companies or SPVs. This is not about evasion but rather ensuring you use the correct structures to pay the right amount of tax and not a penny more. My team and I live streamed the 2025 Autumn Budget and you can find out what we thought here: https://youtube.com/live/1yG2oqz0tGA 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ USEFUL LINKS You can sign up to Xero’s Accounting Software with a great discount here: https://bit.ly/TRY_XERO Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners https://bit.ly/HEELAN_HUB_PODCAST You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub Join our mailing list for tax tips at: www.heelanassociates.co.uk Get Revolut for Your Business: https://bit.ly/Revolut_1_Month_Free SOCIALS & CONTACT LinkedIn (Dan): https://bit.ly/LINKEDIN_DAN Instagram (Dan): https://bit.ly/INSTA_DAN X/Twitter (Dan): https://bit.ly/X_DAN TikTok (Dan): https://bit.ly/TIKTOK_DAN Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. YouTube Channel Strategy and Management (for Businesses) by Chris Lelliott. Book a free consultation for your business here: https://bit.ly/Discovery_Call_With_Chris UK Business Structures: What the Richest Will Never Tell You

UK Business Structures: What the Richest Will Never Tell You

Heelan Associates 30 November 2025 1:00 pm

Looking for the best way to handle your owner's "pay" from your limited company? This video explores different options for drawing money out of your company, including some you might not have considered. As a business accountant, Dan shares insights on how to pay yourself as a business owner effectively, and the importance of understanding taxes. 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ Topics include: 00:00 Intro 00:48 Pay via payroll 02:38 Standard ways to take money from a limited company 03:26 Splitting income 04:01 The key principle: Make it ‘not a you’ problem 04:27 Tax Free benefits 04:39 Mobile Phones 05:21 Annual functions 06:02 Trivial Benefits 06:52 Working from home 07:28 Meals and canteen 08:21 Late night taxis 08:50 Loaning money from the company 09:54 Pensions 11:24 Charging Interest to your company 13:10 Charing rent to your company 14:33 The tax result … and more! You can sign up to Xero’s Accounting Software with a great discount here: https://www.heelanassociates.co.uk/xero 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Going BEYOND salary & dividends | "Pay" Strategies

Going BEYOND salary & dividends | "Pay" Strategies

Heelan Associates 13 July 2025 7:45 pm

Wondering what you need to file for you limited company? This video covers the filing requirements for a uk limited company. Watch on! Topics include: 00:00 Introduction 00:25 Who you have to file your limited company accounts with 00:38 Filing limited company accounts and tax with HMRC 01:54 When to submit your accounts to Companies House and HMRC 02:30 When to pay your corporation tax and submit your return 04:18 Filing limited company accounts with Companies House 05:10 Economic Crime and Corporate Transparency Act Changes 05:34 Limited company filing to both Companies House and HMRC 06:30 What happens if you miss the year end accounts deadline for your limited company 07:52 What software can you use to submit limited company accounts 08:23 How to submit your Confirmation Statement and PSC Info 10:02 What happens if you don't submit your limited company accounts 10:30 Checking your registered office address 10:49 Restoring a dissolved limited company 11:23 Corporation Tax returns You can sign up to Xero’s Accounting Software with a great discount here: www.heelanassociates.co.uk/xero 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. What You Have to File as a UK LIMITED COMPANY

What You Have to File as a UK LIMITED COMPANY

Heelan Associates 8 June 2025 8:37 pm

Confused about corporation tax? This easy guide breaks down how it works, perfect for beginners! Find out how it works and what you need to know as a UK small business owner. Watch on! Topics include: 00:00 Introduction 00:50 What is Corporation Tax 01:15 How much is UK Corporation Tax 01:30 UK Limited Accounts Example 01:43 UK Limited Company Tax Return Example 02:43 Sole Trader vs Limited Company tax return 02:54 What HMRC and others can see about your company 03:45 When do you pay Corporation Tax for your limited company 05:05 How to pay your Corporation Tax bill for your company 06:04 What if you can't pay your limited company tax bill? 06:32 Examples of how Corporation Tax is calculated for your limited company 08:05 Why having multiple companies can effect your Corporation Tax bill 10:03 How to reduce your limited company Corporation Tax bill 13:02 Summary You can sign up to Xero’s Accounting Software with a great discount here: www.heelanassociates.co.uk/xero 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. CORPORATION TAX BASICS EXPLAINED FOR SMALL BUSINESS (UK) | 2025

CORPORATION TAX BASICS EXPLAINED FOR SMALL BUSINESS (UK) | 2025

Heelan Associates 11 May 2025 9:04 pm

Hoping to pay yourself the most tax efficient salary as a director of a Limited company in 2025/2026? Well watch on! Topics include: Personal tax allowance 2025/2026 National insurance threshold 25/26 Dividend tax How dividends are taxed Dividend vs salary 25/26 Which is better salary or dividends Tax changes April 2025 The most tax efficient salary for directors 2025/26 Options for paying directors salary Tax saving ideas for directors How to pay your from your limited company Employment allowance … and more! You can sign up to Xero’s Accounting Software with a great discount here: www.heelanassociates.co.uk/xero 00:00 Intro 00:19 How to pay yourself from your limited company 01:33 Dividend vs Salary in 2025 03:19 The best salary for directors 25/26 05:50 Why pay these amounts? 07:50 How Employment Allowance might save you tax 08:24 Paying MORE salary could be a mistake example 08:51 When wouldn’t you pay salary as a limited company director 10:10 Other ways to take money from your limited company as a director 11:12 Paying directors salary 12:07 Summary Action 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Director Salary Tips Every Business Owner Needs to Know!

Director Salary Tips Every Business Owner Needs to Know!

Heelan Associates 27 April 2025 7:45 pm

Don't miss out on the £10,500 Employment Allowance for your business! Find out how you can save money and reduce your tax bill by taking advantage of this allowance. Watch on! Topics include: 00:00 Introduction 00:58 How does Employment Allowance work? 02:27 How Employment Allowance reduces payments to HMRC 04:19 Why Employment Allowance helps reduce employment costs 04:53 Do you qualify for Employment Allowance 05:16 Why you can't claim Employment Allowance as a sole director 06:16 Can you claim Employment Allowance on multiple businesses 06:25 How to claim Employment Allowance 07:35 How to check your Employment Allowance claim has worked 08:55 How to stop claiming Employment Allowance 09:42 Can you claim Employment Allowance for previous tax years? (How to) 10:34 Claiming Employment Allowance as a sole trader or partnership 10:50 Using Employment Allowance to save tax as a director of a limited company You can sign up to Xero’s Accounting Software with a great discount here: www.heelanassociates.co.uk/xero 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Are You Missing Out On £10,500 For Your Business?

Are You Missing Out On £10,500 For Your Business?

Heelan Associates 4 May 2025 7:15 pm

Wondering what 'VAT' is all about? In this video Dan runs you through some examples of how VAT works, and how it affects your business. 2025 Update: https://youtu.be/Xx1n1wf3n1s Topics include: How does VAT work What is VAT What does VAT mean When to register for VAT VAT threshold Is VAT good for new business When is it a good idea to VAT register ..... and more! #selfemployed #VAT #limitedcompany #smallbusiness If you have further questions - please get in touch below. You can see more about what we get up to on the following: LinkedIn (Dan): https://www.linkedin.com/in/danheelan/ Instagram (Dan): https://www.instagram.com/danheelan/ Instagram (Company): https://www.instagram.com/heelanassoc... 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 VAT FOR BUSINESS EXPLAINED!

VAT FOR BUSINESS EXPLAINED!

Heelan Associates 14 July 2020 6:45 pm

Owners worry about accessing money from their company, especially if they’ve heard conflicting information about dividends. In this video Dan runs you through the reality. Topics include: Declaring dividends Paying dividends from profits Can you take dividends from previous years profits How dividends are calculated Do you pay tax on dividends How much dividend you can pay tax free Dividend tax basics Dividend tax as a director Paying a dividend Dividend tax rates UK Legal dividends How frequently you could take dividends 00:00 Intro 00:33 Quick recap on dividends 00:00 Dividends used to feel tax free 01:37 How often can you take dividends (short answer) 01:54 Final and Interim dividends 02:43 Salary, dividends and pay 03:05 Making dividends legal 04:38 The danger of dividends 05:30 Summary … and more! If you have any questions on this, please comment below. While we can't give 1-2-1 advice here (due to professional regulations), we may be able to give you some general guidance. 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 HOW OFTEN CAN YOU TAKE DIVIDENDS FROM YOUR COMPANY?

HOW OFTEN CAN YOU TAKE DIVIDENDS FROM YOUR COMPANY?

Heelan Associates 24 September 2023 7:45 pm

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How to Become Self-Employed

Have a side hustle and wondering what the issues are with being self employed at the same time as being an employee? In this video Dan runs you through what you need to know. Topics include: 00:00 Intro 01:50 When to register with HMRC 02:30 Deadline with HMRC to register 02:43 Self-employed registration example 02:58 Getting a Unique Tax Reference (UTR) 03:10 When to file your first tax return (example) 03:33 Why it could be good to register early for your tax return 04:18 How does the tax on my side hustle work with my main job (example) 05:38 CIS (Construction Industry Scheme) deductions 06:05 What tax do you pay on your side hustle 06:34 Higher rate tax example 07:04 National insurance on your side hustle 08:11 Emergency tax and your side hustle 08:26 How to claim tax deductible expenses 09:04 How sides hustles affect your main job 10:21 Quick word on how to reduce your side hustle tax … and more! You can sign up to Xero’s Accounting Software with a great discount here: https://www.heelanassociates.co.uk/xero 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Starting a Side Hustle? How the Tax Stuff Works

Starting a Side Hustle? How the Tax Stuff Works

Heelan Associates 10 August 2025 8:46 pm

This is going to sting for a lot of small UK business owners 😖 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM - https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ USEFUL VIDEOS FOR YOU https://youtu.be/qmd2m5-b5ik https://youtu.be/d9K8BEpSM-o https://youtu.be/_DDRQsltJmA USEFUL LINKS Free Guide to MTD: https://bit.ly/MTD_GUIDE Tax Funnel Framework (free download) https://bit.ly/Tax_Funnel_Guide_Download Subscribe to our Podcast on Spotify and Apple: https://bit.ly/HEELAN_HUB_PODCAST Join our mailing list for tax tips at: www.heelanassociates.co.uk Get Revolut for Your Business: https://bit.ly/Revolut_1_Month_Free You can sign up to Xero’s Accounting Software with a great discount here: https://bit.ly/TRY_XERO SOCIALS & CONTACT Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. YouTube Channel Strategy and Management (for Businesses) by Chris Lelliott. Book a free consultation for your business here: https://bit.ly/Discovery_Call_With_Chris This Change Marks the End of the Sole Trader as We Know It

This Change Marks the End of the Sole Trader as We Know It

Heelan Associates 4 May 2026 3:47 pm

MAKING TAX DIGITAL FREE GUIDE: https://bit.ly/MTD_GUIDE Xero (big discount) https://bit.ly/TRY_XERO If you are self employed, a landlord or earning extra income on the side, this step by step survival guide will walk you through exactly how to prepare for the massive April 2026 changes. I cover everything from registering with HMRC and choosing the right software like Xero to sorting out your business banking and submitting your quarterly updates. You will see live demos of exactly what to do so you can easily manage these new rules and avoid any nasty penalties. 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ USEFUL VIDEOS FOR YOU https://youtu.be/d9K8BEpSM-o https://youtu.be/_DDRQsltJmA https://youtu.be/nL4zgE2U5Qg TIMESTAMPS 0:26 What is Making Tax Digital? 3:22 Will MTD be applicable to you? 5:07 How to register for MTD 7:18 Which HMRC approved software to use? 9:00 Connecting accounting software to MTD account 11:15 Which bank should I go with? 14:12 Connecting your bank account to accounting software 15:55 How to categorise your transactions 18:22 How to submit the quarterly MTD returns 20:56 How to submit the year-end MTD return USEFUL LINKS Tax Funnel Framework (free download) https://bit.ly/Tax_Funnel_Guide_Download Subscribe to our Podcast on Spotify and Apple: https://bit.ly/HEELAN_HUB_PODCAST Join our mailing list for tax tips at: www.heelanassociates.co.uk Get Revolut for Your Business: https://bit.ly/Revolut_1_Month_Free You can sign up to Xero’s Accounting Software with a great discount here: https://bit.ly/TRY_XERO SOCIALS & CONTACT Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. YouTube Channel Strategy and Management (for Businesses) by Chris Lelliott. Book a free consultation for your business here: https://bit.ly/Discovery_Call_With_Chris Become Expert in Making Tax Digital in Just 23 Minutes

Become Expert in Making Tax Digital in Just 23 Minutes

Heelan Associates 19 April 2026 12:01 pm

Every couple of years I see a sole trader get investigated by HMRC for making the mistake of entering the money they are living on in the ‘wages’ box of their tax return 😖 And there are many more easy mistakes to make. ✅ Download my Sole Trader Expenses Guide for free, right here: https://bit.ly/ST_Expenses_Guide I find that most sole traders spend hours searching for a magical rule book of expenses that simply does not exist and end up either missing out on valid claims or triggering an HMRC investigation with items they should not have included. In this video I break down the confusion surrounding the wholly and exclusively principle to explain exactly what you can claim on your tax return and reveal the common traps like fuel and clothing that catch people out every year. My goal is to save you money on your tax bill by helping you understand the logic behind allowable business expenses so you can claim everything you are entitled to without waking up to a nasty letter from the tax office. 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ USEFUL LINKS Tax Funnel Framework (free download) https://bit.ly/Tax_Funnel_Guide_Download Find out if you'd be better off as a Limited Company: https://bit.ly/LTD_QUIZ Xero (big discount) https://bit.ly/TRY_XERO Subscribe to our Podcast on Spotify and Apple: https://bit.ly/HEELAN_HUB_PODCAST Join our mailing list for tax tips at: www.heelanassociates.co.uk Get Revolut for Your Business: https://bit.ly/Revolut_1_Month_Free SOCIALS & CONTACT LinkedIn (Dan): https://bit.ly/LINKEDIN_DAN Instagram (Dan): https://bit.ly/INSTA_DAN X/Twitter (Dan): https://bit.ly/X_DAN TikTok (Dan): https://bit.ly/TIKTOK_DAN Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. YouTube Channel Strategy and Management (for Businesses) by Chris Lelliott. Book a free consultation for your business here: https://bit.ly/Discovery_Call_With_Chris Everything You Can (and Can’t) Claim as Sole Trader

Everything You Can (and Can’t) Claim as Sole Trader

Heelan Associates 18 January 2026 1:01 pm

Self employed and wondering how you pay yourself? Watch this. In this video Dan runs you through how you pay yourself as a sole proprietor / self employed person (UK). 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ Watch on! Topics include: 00:00 Introduction 00:13 How to actually pay yourself as a self-employed owner 00:26 How to categorise self employed wages in the records 00:48 Do you need a business bank account as a sole trader 01:37 Making Tax Digital for Income Tax 01:50 How to speed up your book-keeping 02:19 If you have a HMRC investigation 02:42 Is the business money all yours? 03:04 Planning for your personal tax bill 03:18 How much money to leave in the account 03:43 Tax return error to avoid 04:24 HMRC penalties You can sign up to Xero’s Accounting Software with a great discount here: www.heelanassociates.co.uk/xero 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. How Do You Pay Yourself as a Sole Trader? (UK) | 2025

How Do You Pay Yourself as a Sole Trader? (UK) | 2025

Heelan Associates 25 May 2025 7:45 pm

Wondering how tax works as a Sole Trader? In this video Dan gives you all the key points. Dan cover questions including as: When do I pay my tax as a self employed person How does tax work as a Sole Proprietor Limited company vs sole trader (uk) Do I have to pay national insurance How do I pay national insurance as self employed When do I pay national insurance as a sole trader ..... and more! #selfemployed #Startup #HMRC If you need help with registering, or have further questions - please get in touch below. You can see more about what we get up to on the following: LinkedIn (Dan): https://www.linkedin.com/in/danheelan/ Instagram (Dan): https://www.instagram.com/danheelan/ Instagram (Company): https://www.instagram.com/heelanassoc... 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 HOW DOES SELF EMPLOYMENT TAX WORK IN THE UK?

HOW DOES SELF EMPLOYMENT TAX WORK IN THE UK?

Heelan Associates 23 June 2020 6:36 pm

Wondering if your boss will know if you start up a business? In this video Dan runs through what they might get told... Topics include: Does your employer know about your limited company Does your employer know if you are self employed What does your employer know about your tax code What information is publicly available … 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/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. WILL MY EMPLOYER KNOW IF I START A BUSINESS?

WILL MY EMPLOYER KNOW IF I START A BUSINESS?

Heelan Associates 2 June 2024 7:45 pm

Wondering what 'VAT' is all about? In this video Dan runs you through some examples of how VAT works, and how it affects your business. Topics include: How does VAT work What is VAT What does VAT mean When to register for VAT VAT threshold Is VAT good for new business When is it a good idea to VAT register VAT Examples ..... and more! 00:00 Intro 00:28 VAT Basics | How the system works 01:59 When should you VAT register (or not) 02:40 VAT Basics | How VAT gets paid 03:40 VAT Rates 04:27 VAT Worked examples 08:17 VAT Returns and Making Tax Digital 09:30 VAT Reclaims and refunds 10:00 Construction Industry Domestic Reverse Charge 10:17 Flat Rate Scheme … and more! You can sign up to Xero’s Accounting Software with a great discount here: https://www.heelanassociates.co.uk/xero 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 #selfemployed #VAT #limitedcompany #smallbusiness. Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. VAT FOR BUSINESS EXPLAINED | How does it work?

VAT FOR BUSINESS EXPLAINED | How does it work?

Heelan Associates 27 July 2025 8:23 pm

Self employed and wondering how to plan for your tax bill? Watch this. In this video Dan runs you through how to plan for your tax bill as a sole trader or self employed freelancer business in (UK). Watch on! Topics include: 00:00 Introduction 00:30 Being self employed and not knowing about tax 00:53 The 25% tax saving rule 01:52 What rate of tax you pay as a self employed business 02:15 Self employed tax bill examples 03:23 Having another job whilst being self employed You can sign up to Xero’s Accounting Software with a great discount here: www.heelanassociates.co.uk/xero 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. You can also watch on our other YouTube channel https://www.youtube.com/@HeelanHub 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): https://www.tiktok.com/@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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. The Easiest Way To Plan Your Tax Bill (Self Employed/Freelancer)

The Easiest Way To Plan Your Tax Bill (Self Employed/Freelancer)

Heelan Associates 1 June 2025 7:45 pm

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HMRC are getting ready to make taking money directly from your business's bank account the default. A recent 'consultation' they released suggests that for PAYE (relevant for employers) may have to pay by Direct Debit. For me, this is a dangerous thing to enforce on a small business, given how easy it is for the data to be wrong at HMRC's end. This short clip is from a recent episode of the HeelanHub Podcast (EP195), and as a result, in a short, clipped video like this I will have left out certain criteria, allowances or nuance for the sake of keeping the video short - always do your own research and check out the entire episode for the full context. Listen to the full episode wherever you get your podcasts. HMRC Get Ready to Take PAYE Costs by Direct Debit 😬

HMRC Get Ready to Take PAYE Costs by Direct Debit 😬

Heelan Associates 15 hours ago

Buying something for your business that qualifies for capital allowances can result in a big tax saving. This short clip is from a recent episode of the HeelanHub Podcast (EP194), and as a result, in a short, clipped video like this I will have left out certain criteria, allowances or nuance for the sake of keeping the video short - always do your own research and check out the entire episode for the full context. Listen to the full episode wherever you get your podcasts. How to save £11,000 in tax on a business van

How to save £11,000 in tax on a business van

Heelan Associates 8 October 2026 5:46 pm

Smart UK Directors are employing family members for tax saving purposes but the smartest ones are also paying into their pensions too! A Legal Family Pension Strategy UK Directors Should Use

A Legal Family Pension Strategy UK Directors Should Use

Heelan Associates 8 October 2026 7:00 am

Most UK Directors don't often utilise this pretty incredible tax free loan strategy where they can borrow up to £10,000 without triggering any immediate tax issues - just don't go over 10k! For more expert UK tax advice, visit the main channel Borrow £10k Tax-Free From Your Own Business

Borrow £10k Tax-Free From Your Own Business

Heelan Associates 7 October 2026 7:00 am

This is one of MANY ways the self employed (and company Directors) leak money: through not claiming every possible expense properly. Visit the channel for more tax tips. A Boring but Essential Tip for Till Receipts

A Boring but Essential Tip for Till Receipts

Heelan Associates 6 October 2026 4:10 pm

Until the end of the year, Revolut will give you a £200 welcome bonus, if you sign up using this link: https://bit.ly/Revolut_Offer_2 and add just £0.01 💰 Fees, promotion terms and T&Cs apply. 👉 In this video, I explain exactly who needs accounting software and if so, which one. (Ep. 3 of Limited Company Essentials Series). 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM - https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ In this video 👇 00:00 The Hook: Do You Need Software? 00:40 Legal Requirements & HMRC Rules 02:10 Why Spreadsheets Fail Businesses 04:02 Sole Trader vs Limited Company 06:15 The Power of Automatic Bank Feeds 06:49 Best Business Bank Account Integration 07:59 Claim Your £200 Revolut Bonus 08:19 AI & Automated Bookkeeping Warnings 09:15 How Tech Gets You Paid Faster 10:30 How to Choose the Right Software 11:55 Bucket 1: Core Feature Requirements 12:38 Bucket 2: Connectivity & Workflows 13:41 Bucket 3: Access & Accountant Needs 14:17 Bucket 4: Advanced Niche Features 15:23 The Easiest Accounting Software 15:58 How Much Does Software Cost? 17:21 Can You Switch Software Later? 17:49 Scenarios: Side Hustles to SMEs 21:06 The E-Commerce Bookkeeping Trap 22:23 Final Verdict: Make Your Choice Other Limited Company Essentials Videos 1. https://youtu.be/D7ZWDTsGnGw 2. https://youtu.be/AeALMPAnGPU 3. THIS VIDEO! 4-10. Coming Soon USEFUL LINKS Free Guide to Making Tax Digital: https://bit.ly/MTD_GUIDE Get Revolut for Your Business: https://bit.ly/Revolut_1_Month_Free You can sign up to Xero’s Accounting Software with a great discount here: https://bit.ly/TRY_XERO Tax Funnel Framework (free download) https://bit.ly/Tax_Funnel_Guide_Download Subscribe to our Podcast on Spotify and Apple: https://bit.ly/HEELAN_HUB_PODCAST Join our mailing list for tax tips at: www.heelanassociates.co.uk SOCIALS & CONTACT Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Want to scale YouTube channel quickly? Contact Chris Lelliott: chris@chrislelliott.com Do You Actually NEED Accounting Software (VS Spreadsheets)

Do You Actually NEED Accounting Software (VS Spreadsheets)

Heelan Associates 1 October 2026 12:00 pm

Until the end of the year, Revolut will give you a £200 welcome bonus, if you sign up using this link: https://bit.ly/Revolut_Offer_1 and add just £0.01 💰 Fees, promotion terms and T&Cs apply. - A Step-by-Step Guide to Register and Start a Limited Company in the UK (Ep. 2 of Limited Company Essentials Series) My Launch Limited Accelerator service: https://bit.ly/LaunchLimitedAccelerator In this video: 00:00 Registering a Limited Company 01:03 4 Key Decisions Before You Start 01:28 Set Up a Business Bank Account First 03:28 Decision 1: Choosing & Checking a Company Name 06:18 Decision 2: The Registered Office Privacy Trap 08:01 Decision 3: Structuring Shareholders & Shares 10:30 Decision 4: Appointing Company Directors 11:57 How to Incorporate (Direct vs Agent) 13:28 Mandatory ID Verification Process 17:06 Next Steps: UTR, Banking & Accounting Limited Company Essentials Playlist: https://www.youtube.com/playlist?list=PLbO4ZoRgD4zI 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM - https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ Other Limited Company Essentials Videos 1. https://youtu.be/D7ZWDTsGnGw 2. THIS VIDEO 3. Coming Next 4-10. Coming Soon SOCIALS & CONTACT Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Want to scale YouTube channel quickly? Contact Chris Lelliott: chris@chrislelliott.com Ultimate Guide to Start (and Register) a UK Limited Company

Ultimate Guide to Start (and Register) a UK Limited Company

Heelan Associates 22 September 2026 12:00 pm

Is a Limited company right for your business? (Ep.1 of Limited Company Essentials series) TIMESTAMPS 0:00 Demystifying the Limited Company Structure 1:41 The Power of Limited Liability Explained 3:03 The Trade-offs of Public Records 5:14 Managing Money Between You and Your Company 9:15 How to Form Your Company Correctly 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM - https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ USEFUL VIDEOS FOR YOU https://youtu.be/_DDRQsltJmA THINGS I MENTIONED IN THIS VIDEO Get Revolut for Your Business: https://bit.ly/Revolut_1_Month_Free QUIZ 'Is a LTD right for you?': https://bit.ly/Ltd_Co_Scoreapp OTHER USEFUL LINKS You can sign up to Xero’s Accounting Software with a great discount here: https://bit.ly/TRY_XERO Tax Funnel Framework (free download) https://bit.ly/Tax_Funnel_Guide_Download Subscribe to our Podcast on Spotify and Apple: https://bit.ly/HEELAN_HUB_PODCAST Join our mailing list for tax tips at: www.heelanassociates.co.uk SOCIALS & CONTACT Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Want to grow a YouTube channel for your business? Contact Chris Lelliott: chris@chrislelliott.com / https://bit.ly/Discovery_Call_With_Chris What Are the ACTUAL Benefits of an LTD VS Sole Trader?

What Are the ACTUAL Benefits of an LTD VS Sole Trader?

Heelan Associates 30 August 2026 12:00 pm

Business accountant explains how the tax stuff works when you're both self-employed AND employed at the same time. 🔥 SPEAK TO A MEMBER OF MY INCREDIBLE TEAM - https://bit.ly/BOOK_FREE_DISCOVERY_CALL_ USEFUL VIDEOS FOR YOU https://youtu.be/T13qQmOjyA0 https://youtu.be/J8j1GAZRAT0 https://youtu.be/d9K8BEpSM-o USEFUL LINKS Free Guide to Making Tax Digital: https://bit.ly/MTD_GUIDE Get Revolut for Your Business: https://bit.ly/Revolut_1_Month_Free You can sign up to Xero’s Accounting Software with a great discount here: https://bit.ly/TRY_XERO Tax Funnel Framework (free download) https://bit.ly/Tax_Funnel_Guide_Download Subscribe to our Podcast on Spotify and Apple: https://bit.ly/HEELAN_HUB_PODCAST Join our mailing list for tax tips at: www.heelanassociates.co.uk SOCIALS & CONTACT Web: https://bit.ly/HEELAN_ASSOCIATES_WEBSITE Instagram (Company): https://bit.ly/INSTA_HEELAN_ASSOCIATES Facebook (Company): https://bit.ly/FACEBOOK_HEELAN_ASSOCIATES X/Twitter (Company): https://bit.ly/X_HEELAN_ASSOCIATES 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 on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links. Want to scale YouTube channel quickly? Contact Chris Lelliott: chris@chrislelliott.com / https://bit.ly/Discovery_Call_With_Chris Being Self-Employed AND Employed at the Same Time (UK)

Being Self-Employed AND Employed at the Same Time (UK)

Heelan Associates 16 August 2026 12:00 pm

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