by Jo Wormald | 17th May 2021 | Landlords, Self assessment, Sole trader, Tips and Tricks
Putting aside all the guilt connotations of the word “should” – and the fact that as accountants we are bound to say YES – there are a lot of good reasons to file your tax return early. Its human nature to let things you don’t like get...
by Annie Upton | 29th January 2021 | Directors, Self assessment, Sole trader
It’s the end of January. January generally isn’t the best of months in “normal” times. In the middle of yet another lockdown with all the worry and stress that goes with that, even if you don’t know anyone who has got COVID, this January...
by Andrea Thomas | 23rd October 2020 | Corporation tax, Directors, Limited company, Start ups
There are lots of benefits of owning a limited company over being a sole trader, from potential tax savings to protection of your personal assets. In order to take advantage of these benefits, there are certain statutory duties you must adhere to every year. It’s...
by Georgi Rollings | 21st May 2020 | Business Planning, Self assessment, Sole trader, Tips and Tricks
Just a couple of hours work on your taxes now can help you predict your cash flow for the next year We are more than a month into the new tax year already! The new tax year always happens at spring time. The weather has been glorious this year, bringing buds...
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...