Entries by catfi5h

Death of buy to let

The number of buy to let mortgages fell drastically in 2016 and 2017, from 117,500 in 2015 to 74,900 in 2017, a two year drop of 38%, which has prompted many news outlets to herald the ‘death of buy to let’. A number of factors have contributed to this drop, including a 3% stamp duty […]

Benefits of a limited company vs sole trader

Self employment isn’t as simple as finding clients and starting to work. Before you can start working for yourself you need to carefully weigh the pros and cons of the legal form your business is going to take. There are two ways in which you can work as a self-employed person, and there are benefits […]

Why use an accountant, and the benefits of using an accountant

If you are starting a small business, or working as a sole trader, it might be worth looking into hiring an accountant instead of trying to handle your accounts yourself. When you are first getting started, it might be fairly easy to stay on top of your accounts. You’ll only really need to keep simple […]

Marriage allowance versus family shareholders

Two million married couples and civil partners are missing out on the Marriage Allowance. Because so many of us have not taken up the allowance, it’s saving HMRC a massive £1.3bn every year. For Accounting Gem clients who are married or in a civil partnership, is this worth considering for your circumstances? By claiming it, […]

Is someone undercutting your prices?

Is someone undercutting your prices? Has a new competitor opened up and you can see from your takings that your customers are leaving you for them? It’s a scary situation. Price is surely only one consideration when it comes to people parting with their money to spend cash with you. Often, it isn’t though. It’s […]

IR35 coming to the private sector

IR35 is coming to the private sector. If you manage or own a business, you may well have noticed that your use of flexible workers, contractors or freelancers has grown substantially over the course of the last few years. You aren’t alone with this trend. According to figures from the Office of National Statistics, unemployment […]

Making Tax Digital – the countdown has begun

Making Tax Digital – the countdown has begun The roll-out of Making Tax Digital is, without doubt, the biggest change to the way tax liabilities are reported and paid for since the introduction of Self Assessment in the 1990s. This brand new system, or rather its first incarnation, will be with us on April 2019. […]