by Georgi Rollings | 28th July 2012 | Self assessment, Sole trader
HMRC are getting better at checking your tax return – they can compare it against previous returns you’ve submitted, against other tax returns, and they can even match up information from other sources (e.g. bank interest). If something is wrong on your...
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 | 29th April 2012 | Sole trader, Start ups
Its been one of those days. I recently took on a lovely client who engaged me to get her tax affairs back up to date, and I’ve been working on her sole trader accounts and tax comp for a couple of weeks now. Today was the day that we discussed and agreed her...
by Georgi Rollings | 22nd April 2012 | Directors, Limited company, Sole trader, Start ups
A lot of people know that it can be more tax efficient to run your business through a company instead of as a sole trader. However, it isn’t a step that should be taken lightly. One thing a lot of small business owners don’t know much about is what their...
by Georgi Rollings | 7th April 2012 | Self assessment, Sole trader, Start ups, Working from home
If you make money through your blog then you need to look carefully at the tax implications. I wrote a 5 part guest blog series for BritMums which went through: Is your blog a trade (i.e. taxable) or a hobby What expenses are tax deductible Working from home What...