by Georgi Rollings | 16th September 2012 | Self assessment, Sole trader, Start ups
There’s a lot of guidance around to help you understand what expenses you can offset against your profits when you are self employed (including my blog on sole trader tax deductible expenses), but sometimes you also need to know what you can’t claim. Here...
by Georgi Rollings | 17th June 2012 | Bookkeeping, Company Structure, Self assessment, Sole trader, Start ups
You’ve just started trading, but you don’t know what to do next. You know you need to make sure you’re keeping the tax man happy, and you need to track how your business is performing. If only somebody could give you some simple steps to complete!...
by Georgi Rollings | 6th May 2012 | Company Structure, Corporation tax, Directors, Limited company, Self assessment
Perhaps you set up a limited company to house your small business because somebody told you it was more tax effective? A lot of people running very small businesses do so through a limited company now, instead of as a sole trader. It means more admin, more expense,...
by Georgi Rollings | 26th February 2012 | Accounting, Being an employer, Limited company, PAYE
The form P11D is used to provide information on expenses payments and benefits to HM Revenue & Customs. This information has to be given to HMRC by law for each employee or director earning more than £8,500 (UPDATE: this threshold has been removed from 6 April...
by Georgi Rollings | 5th November 2011 | PAYE, Self assessment, Sole trader, Start ups
One of the first things which is discussed in my free initial consultations is whether or not somebody has registered as self employed with the tax authorities. There are a number of reasons why people think they don’t have to: But I’m not taking any...