One of my goals is to empower the small business owner by supporting them to better manage their business and to help make sense of all the legal requirements and financial jargon. Many such individuals needs some support from an accountant but aren’t yet at a stage where they can justify expensive accountancy fees. I […]
A boost for kitchen table start-ups
Great news for all those “kitchen table start-ups” as the government announced initiatives this week aimed at making it easier for home based entrepreneurs to do business. For too long home based businesses have been regarded as being of no economic significance. This perception is now changing. According to the Department of Business there are […]
Five reasons for the self employed to start thinking about self-assessment tax returns
The brown envelope from HMRC has arrived but is currently buried somewhere at the bottom of your filing tray waiting to be dealt with at a later date. Sound familiar? Here are five reasons why this approach may be a little short sighted and why you should start thinking about your self-assessment tax return now. […]
HMRC – Do you have a second income?
In April 2014 HMRC published details of their Second Income Campaign. This gives taxpayers the opportunity to bring their tax affairs up to date by declaring and paying unpaid tax on second incomes. A second income could include: consultancy fees, for example, providing training organising parties and events providing services such as taxi driving, hairdressing […]