Sole Trader - Reducing your tax As a Sole Trader, you want to ensure that you are claiming as much as possible to keep your tax bill down. After all, your profits result from your hard work and perseverance. When you work for yourself, the last ... [Continue Reading]
Trivial Benefits
Trivial Benefits is still one of the most popular topics we get asked about! Let's refresh ourselves with a quick recap about how it works... What are Trivial Benefits? Trivial Benefits are a perk or token of appreciation. These can be ... [Continue Reading]
Growing Your One-Man Business
You probably thought that starting your one-man business was hard but moving to the next level is often harder and brings new challenges. This is particularly true if you need to employ someone to help you. Your current business It is you ... [Continue Reading]
SEISS Fifth Grant
You can now apply for the 5th Self-Employment Income Support Scheme (SEISS) grant – the final date for making a claim is 30th September 2021. To qualify for the grant, average trading profits must be £50,000 or less and non-trading income cannot ... [Continue Reading]
Super-Deduction
Reduce your corporation tax bill if you buy assets - Super-Deduction The government wants to encourage companies to invest in assets to help them expand and improve productivity. In order to do this, they are allowing a 130% ... [Continue Reading]
Budget 2021 – First impressions
BUDGET – MORE DETAIL TO FOLLOW The Chancellor has delivered his budget without any real surprises. A lot of detail needs to be added and will probably emerge in the next few weeks or months. Some of the main points which may affect our clients ... [Continue Reading]
Domestic Reverse Charge
Domestic Reverse Charge - What's that? Any CIS (Construction Industry Scheme) Contractor or Subcontractor who is also VAT registered should read our more comprehensive page covering Domestic Reverse Charge. The regulations governing this start ... [Continue Reading]
ReceiptBank
Save time and money with ReceiptBank One of the major time savers for businesses has been the ability to extract information from invoices and receipts, automatically feed the data into software - and save a copy of the document. We recommend ... [Continue Reading]
Import_export
Goods to and from abroad HMRC has produced some short videos about sending goods overseas and receiving goods from overseas. This is only a quick summary so, if you need to discuss these further, feel free to contact us. Sending goods ... [Continue Reading]
Job Support Scheme – First Thoughts
Information on the Job Support Scheme is sketchy to say the least. The scheme was only announced yesterday and the Factsheet issued by HMRC shortly afterwards is relatively short (four pages). It refers to further guidance to follow. If you want ... [Continue Reading]
