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Tax planning for the self employed

  If you have recently started working as a self employed person, one of the most intimidating things you have to deal with is paying your own tax. Whilst as an employed person this is all dealt with by your employer, and comes straight…
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Benefits of taking on an apprentice

An apprenticeship is where you as a business owner will take on one or more trainees to work under you in paid training, combining studying at an educational institution with learning on the job to train them up to a more skilled level. If you…

CIS scheme explained

What is the CIS? The Construction Industry Scheme (CIS) was brought in by HMRC in 1971 to help minimise evasion in the construction industry, as well as to protect construction workers from being employed illegally and taken advantage of. The…
Benefits of Using an Umbrella Company

Benefits of Using an Umbrella Company

Working as a contractor or a freelancer has its benefits. For one, you have the ability to work around your own schedule without having management to answer to. Your focus is your clients and they are the only ones who you need to please. The…
Benefits of advertising on social media

Benefits of advertising on social media

As accountants we regularly field questions from our clients on a vast range of topics. We are always gratified that they place their trust in us to advise them in a sensible and straight forward way about the myriad of topics faced by business…

What is a members voluntary liquidation?

If you are thinking of closing your limited company, there are a number of steps that need to be taken to ensure that you have followed the correct procedures as set down by the law and your Articles of Association. Please note that it is…

Why are business plans so important for your business?

Anyone can start a business with a vague idea of what they want to do and a few marketable skills. However, to truly make it in business, you need to know what you’re doing. How you are going to not only create, but also develop your business…

What’s the latest on making tax digital?

As the years go by, government across the world are going digital in order to deliver services more efficiently. This goes for all areas of our lives, even how we pay our taxes. This year, HMRC are implementing Making Tax Digital, an initiative…

The Profit Diversion Compliance Facility

2019 looks to be the year that HMRC crackdown on tax avoidance once and for all, making sure that larger companies who have been hoarding wealth and avoiding tax by diverting profits finally get their comeuppance. One of the ways in which tax…

Tax Return Penalty Appeals

If you are self-employed or a business owner, you’ll need to complete and file a tax return for each tax year. You need to be as clear and accurate as possible on your tax return so that you ensure that you are paying exactly the right amount.…