by Georgi Rollings | 2nd September 2012 | Self assessment, Sole trader, Start ups, Uncategorized, Women in business, Working from home
September is here, with a reminder that autumn is approaching, and children are going back to school. Its at this time of year that a lot of mums start thinking about what they are going to do, and how they are going to fit it around their children. Even once children...
by Georgi Rollings | 19th August 2012 | Self assessment, Sole trader, Start ups
Do you travel for your business? If so you should make sure you understand what the main tax deductible travel expenses are – and what you can’t claim. The main rule is that the travel can’t be to your normal place of business. So if you are...
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 | 8th July 2012 | Bookkeeping, Self assessment, Sole trader, Start ups
If you are self employed, then sooner or later you will need to complete a self assessment tax return, and pay tax on your profits. So what do you need to know about tax for the self employed? One of the first things you need to understand is whether or not to...
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,...