Our Blog

Jun 19, 2014

Online bookkeeping with Xero

Xero accounting software is designed to revolutionise the way small businesses manage their finances. it is a truly flexible option allowing you to access your accounts whether you’re at work, at home or even on the go from any device that has an internet connection. The mobile app makes working from your smart phone or

Read More

Jun 15, 2014

Which Expenses can be Claimed Against Tax?

Many sole traders and small business owners are unsure of quite what they can and can’t claim against tax as an allowable expense. Especially in the early stages of running a business, it can be difficult to work out which things qualify and which don’t. Tax relief can be claimed on a number of different

Read More

Jun 11, 2014

Pensions for the Self-Employed

Becoming self-employed has a number of solid advantages. You can be your own boss, set your own schedule, and you tend to get paid more for the same amount of work than you would in regular employment. However, there are also disadvantages and one of the biggest issues is the lack of an occupational pension

Read More

Jun 10, 2014

When is it Time to go From Sole Trader to Limited Company?

When you first went into business, you were probably faced with the decision of starting a limited company or just registering as a sole trader. For many people, the latter choice is the right decision in the early stages but this can easily change as your business develops. If you have been operating for some

Read More

Jun 7, 2014

How the New NIC Employment Allowance Works

Since the start of April, many employers throughout the UK have benefitted from a new employment allowance. The allowance entitles businesses with employees to an allowance of up to £2,000 against National Insurance contributions. However, many employers are not fully up-to-speed on the way it works. There are a number of small but important points

Read More

Jun 4, 2014

Business Tax Causes Conflict Between Parties

Prominent figures from the Labour and Conservative parties have clashed over the issue of business tax. While speaking at the annual conference of the British Chambers of Commerce, Tory Michael Gove and Labour’s Ed Balls exchanged heated opinions over the UK’s best options for the future of business tax. Labour’s intention if elected is to

Read More

May 19, 2014

Online bookkeeping with Xero

Xero accounting software is designed to revolutionize the way small businesses manage their finances. it is a truly flexible option allowing you to access your accounts whether you’re at work, at home or even on the go from any device that has an internet connection. The mobile app makes working from your smart phone or

Read More

May 13, 2014

When do you Need to Register for VAT?

Value Added Tax (VAT) is payable by businesses who provide goods or services and earn above the VAT threshold. The VAT threshold is currently £81,000, so if your taxable turnover has exceeded this figure over the last 12 months you will usually be required to register. It is important to note that this refers to

Read More

May 12, 2014

Enforcing the Minimum Wage

The minimum wage in the UK is currently set at £6.31. This is the lowest amount that employers are expected to pay their employees per hour and is set by the Chancellor of the Exchequer (currently George Osborne) every year, on advice from the Low Pay Commission. It is apparently rigorously enforced by HMRC. How

Read More

Mar 13, 2014

The Basics of Pension Auto Enrolment

Auto enrolment represents one of the biggest pension legislation changes of recent years.  However, the details have not been as well-publicised as many other changes to legislation. As a result, many employees and employers alike are not as familiar with the subject of auto enrolment as they would like to be. What is Auto Enrolment?

Read More