New EU VAT e-commerce rules explained.
Tips on taxes, payroll, and accounting All Posts New EU VAT e-commerce rules explained. September 6, 2021 On 1 July 2021, the European Union changed VAT obligations for businesses selling directly to customers (B2C). Find out what this means for your business. What is VAT? Value-added tax (VAT) is added to eligible goods and […]
Deductible Start-up Costs That You Can Claim
Tips on taxes, payroll, and accounting All Posts Deductible Start-up Costs That You Can Claim September 3, 2021 Among the many hurdles that start-ups face, the primary concern for most new businesses is a lack of cash flow. During infancy, businesses incur many sunk costs that cannot be recovered even if the company achieves success. […]
P11D Expenses and Benefits: Reporting and paying
Tips on taxes, payroll, and accounting All Posts New EU VAT e-commerce rules explained. September 6, 2021 Attracting and retaining valued employees is not easy these days. Employers like to try and ‘sweeten’ their employment packages through benefits such as private healthcare schemes, company vehicles, and mobile phone, but these have tax consequences. Why have […]
IR35 and Entrepreneurs’ Relief
Tips on taxes, payroll, and accounting All Posts IR35 and Entrepreneurs’ Relief August 25, 2021 From April 2021, IR35 – otherwise known as off-payroll working – also apply to the private sector. It is a move that could make claiming Entrepreneurs’ Relief the next step for many businesses. Medium and large-sized private sector businesses are […]
Guide: How to Become a Contractor in the UK?
Tips on taxes, payroll, and accounting All Posts Guide: How to Become a Contractor in the UK? August 24, 2021 Starting as a contractor or a self-employed individual gives you flexibility and multiple benefits. If you come across the idea of conducting your work on your terms and have the freedom to work through contracting […]
How and Why to Change Accountants?
Tips on taxes, payroll, and accounting All Posts How and Why to Change Accountants? August 23, 2021 Like all partnerships in life and business, everything should feel effortless when you find the right accountant, with both parties working towards the same business vision and goals. We make switching accountants easy. Moving to a new accountant […]
10 Tips for eCommerce start-ups in 2021
Tips on taxes, payroll, and accounting All Posts 10 Tips for eCommerce start-ups in 2021 August 4, 2021 The pandemic has accelerated digital transformation across every part of our lives, including when it comes to buying things. Those companies without an online presence have had to develop one quickly. This environment is tailor-made for an […]
Start-Ups & Small Businesses Advice
Tips on taxes, payroll, and accounting All Posts Start-Ups & Small Businesses Advice August 3, 2021 Choosing to start a new business is one of the most important decisions you will take in your life. Your future income, aspirations and ultimate future wealth creation will all depend on a successful start. With that in mind, […]
Accounting and Bookkeeping Essentials for Small Businesses
Tips on taxes, payroll, and accounting All Posts Accounting and Bookkeeping Essentials for Small Businesses August 2, 2021 We have seen it too many times in our accountancy practice: Successful entrepreneurs, solopreneurs, freelancers, and small businesses who shake at the thought of looking into their accounting. We recommend having an accountant look through your books […]
UK Small Businesses: Everything about Company Accounts
Tips on taxes, payroll, and accounting All Posts UK Small Businesses: Everything about Company Accounts July 30, 2021 Although there are numerous benefits to registering a private limited company, one of the drawbacks is preparing and submitting Company Accounts every year. Many small businesses and micro-entities feel this is a necessary burden and that the […]