by Caroline Young | 7th August 2021 | Bookkeeping, Limited company
Your business year end is an important date to be aware of. All limited companies have their own ‘financial year’ initially set in relation to when the company was formed. Although deadlines for filing the company accounts, tax returns and payment of corporation tax...
by Annie Upton | 26th July 2021 | Bookkeeping, Limited company, Sole trader, Start ups, Tips and Tricks
Being a bit cheeky about what business expenses can be claimed may seem harmless in the moment. For example, like most of us this past year you’ve been working from home. You’ve noticed a great spot just right for a hot tub outside of your home office window, so you...
by Jennifer Grocott | 28th June 2021 | Limited company, Making Tax Digital, Sole trader, Start ups, Tips and Tricks, VAT
VAT can be a source of curiosity and confusion for business owners. Do you have to register for it or do you choose to? When is it necessary? And why? Is it a good thing? Though you can choose to voluntarily register for VAT at any time, there is a VAT registration...
by Georgi Rollings | 16th June 2021 | Making Tax Digital, Sole trader, Tips and Tricks, VAT
At the moment Making Tax Digital is only mandatory for VAT-registered businesses which are over the VAT registration threshold. And even then it is only a requirement for filing VAT returns. But is Making Tax Digital just for VAT? The short answer is no. MTD for VAT...
by Juliet Wylie | 11th June 2021 | Accounting, Start ups, Who we are
Around 20% of UK companies fail within their first year. According to figures from the Office for National Statistics, only 42.4% of businesses are still trading five years after being set up – and those stats pre-date COVID. Typically, one of the main causes is...