small business accounting Archives - Page 6 of 8

Avoid making expensive mistakes

by Georgi Rollings | 13th May 2012 | Accounting, Sole trader, Start ups

It’s been increasingly obvious to me over the last year that there are a lot of Sole Traders who need some sort of support from an accountant, but aren’t yet at a stage where they can justify expensive accounting fees. Although my Sole Trader packages start at £35 +...

Company director pay strategies

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,...

Can’t afford an accountant?

by Georgi Rollings | 15th April 2012 | Accounting, Self assessment, Sole trader, Start ups

You’ve recently started your own business as a sole trader. You are worried that you don’t know what you don’t know – but there is no way that you can justify expensive accountants fees until you are making a bigger profit. What can you do to...

5 mistakes to avoid with your new business

by Georgi Rollings | 11th March 2012 | Bookkeeping, Business Planning, Company Structure, Limited company, Sole trader, Start ups

One of the things I love most about what I do is getting to see so many new businesses, all with fantastic ideas, just waiting for an opportunity to flourish. However on the flip side I get to see some pretty regular mistakes that a lot of people make which can cause...

P11D dispensations

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...