IR35: Are you employed or self-employed?
Are you employed or self-employed? And why does it even matter? Why should I be concerned about IR35? You should be concerned about IR35 because if HMRC take a different view to you on whether you are employed…
VAT Record keeping
What records do you need to keep for VAT purposes? Many business become VAT registered and are then unsure of what VAT records they need to keep and issue, and how long for. Our simple guide below breaks…
Minimum Wage and Living Wage set to increase
What is the national minimum wage and national living wage? On 1st April 2018 both the National Minimum wage and National Living Wage are set to increase, including the largest increases in a decade for the rates that…
What business mileage can you claim?
We are often asked by our clients what business mileage they can claim back, and what tax they will have to pay if they do. Below we break down the differences between business mileage and private mileage, and…
Do I need to file a tax return?
Every year at this time accountants are asked the same question – Do I need to fill in a tax return? Here are our answers to that question, plus the other four we always get asked as well:…
Do I have to pay tax on my bitcoin gains?
Do I have to pay tax on my bitcoin gains? Cryptocurrencies, particularly Bitcoin, have been in the press a great deal lately as their value soared throughout 2017. Experts are divided over whether this is a successful long-term…
What are all the different tax reliefs?
What are all the different tax reliefs? We are often asked about what all the different tax reliefs are and what can be claimed and what can’t be claimed. Below is our brief overview of some of what’s…
Top 10 Bookkeeping mistakes and how to avoid them
Here are our Top 10 Bookkeeping mistakes and how to avoid them Letting it all build up This seems obvious, but some people still leave everything to the last minute. We know you didn’t go into business to…
Autumn Budget 2017 Update
How will yesterday’s Autumn Budget affect you and your business? Well there wasn’t a great deal to get excited about in either a good or bad way, and with Brexit looming any predictions or forecasts are far from…
What does my tax code mean?
What exactly do all the numbers and letters in my tax code mean? And what do I do if I think it’s wrong? HMRC generate your tax code based on the information that they hold on you, and…