The thought of the prospect of dealing with additional paperwork for a limited company may seem quite daunting if you’ve just set one up. The good news is that, with the right accountant by your side, it’s not that difficult to comply. In fact, the job of an accountant is to save you nearly all of additional hassle of paperwork and compliance and the goal of an accountant is to save you more in taxes by making sure that you claim for everything than you spend on their fees every year. Read More

The clock is ticking - Making Tax Digital is edging closer each day. Not only does this mean that, if your business is VAT-registered, you have to start paying your VAT via the Making Tax Digital platform but you’ll be one of the first taxpayers to road-test the “Real Time Tax” system. Read More

Many contractors choose to run a company car to get them to and from clients’ locations but what are the tax implications involved with doing so? As is so often the case with HMRC, it’s not as simple as paying for the car and using it – there’s always going to be something you can be taxed on. And in this instance, that tax is a benefit in kind. Read More

We’ve seen no end of sun this summer and your employees are all doubtless looking forward to their summer holidays. But what does all this mean for you as a business owner? Read More

On self-assessment day, it feels to many business owners like the taxman is taking far more than they should for what they get back from the government. However, for many business owners and employees alike, you may find that you are actually parting with more of your money than you need to be.  Read More

Late payments affect businesses of every size across all industries. In some cases, it can cause more than just a headache for you as the owner – it can create often very difficult-to-manage cash flow problems. There are, however, ways that you can reliably decrease the time it takes to get paid by your clients. Read More

One of the most common reasons that people start their own business is to work for themselves. But all too often, being your own boss turns into becoming your own employee. Read More

Since 2010, the filing of VAT returns online was made mandatory. With this new rule, a brand new problem arose – 15% of the UK do not have access to the internet.  Read More

If you’re unsure whether your business vehicle is technically classified as a van or a car, then you should read on. Read More

If your business is VAT-registered, are you on the right scheme? There are a number of different schemes you can join and, in this article, we’ll be looking at the pros and cons of the VAT Annual Accounting Scheme and VAT in general. Read More