This week, Phillip Hammond, the Chancellor presented his Autumn Budget for 2017 and for small business owners, nothing that was announced really “rocked the boat”. It was a budget of lots of small measures rather than any big announcement. There were however a few pointers to some bigger changes that may come about in the […]
But my friend claims that as a tax expense……..
Being able to chat to a friend about the ups-and-downs of running your small businesses can sometimes make all the difference to getting through the week with your sanity intact. You’re out there on our own so sharing the success, moaning about the difficulties and working out the parts you don’t have first-hand knowledge in, can […]
Are you using your Personal Tax Account?
What’s the thing you dislike most about dealing with your own personal tax affairs? Other than the ever-present stress of getting your tax return done and dusted, don’t you just dread putting in phone calls to HMRC? I know I do. Dealing with even the most mundane of matters can eat into my precious working […]
I’m self-employed. How can I prove my income for a mortgage?
Many people dream of becoming their own boss and enjoying the flexibility that self-employment affords. But when it comes to securing a mortgage, being classed as self-employed, rather than employed can seem like pushing water uphill. The good news is that it doesn’t have to be that hard – it is possible to get a […]
Making Tax Digital – what you need to know
Digitalising the tax system has been a hot topic on the government’s agenda for several years now. My earlier blog “I’m a sole trader – will I need to submit 4 tax returns a year?” outlined the government’s initial proposals on Making Tax Digital (MTD). The last year has seen a huge response from the […]
Employed and self-employed – What tax will I pay?
You’re currently employed but want to start up a business as a sideline either because you are transitioning from a hobby or you’re keen to supplement your income. Either way, you’re ready to take the leap but haven’t quite got your head around the tax side of things. Am I right? The first thing to […]
6 things you should do before the end of the tax year
The end of the tax year is fast approaching and some of you, whose accounting year end follows the tax year, will soon become embroiled in finalising your small business accounts. But, before you leap into self-assessment mode, it’s worth taking a quick review of your taxes and personal finances. Here are 6 simple things […]
Budget 2017: Key points for small business owners
It would appear that small businesses and the self-employed have once again come into the firing line through measures introduced in the Chancellor’s Spring Budget. For the full 68 page report on the Budget 2017 you can click here. In the meantime, here are the key points affecting small business owners: Compliance with Making Tax […]