Tax Saving Accountants

VAT Guide for Catering – Cafes, Restaurants, and Takeaways

Navigating VAT in the catering world isn’t always a piece of cake, though it would be great if it were. The rules around VAT can vary widely depending on whether you’re running a village café, a bustling restaurant or a lively takeaway. In this VAT Guide for catering, we’ll explore how VAT affects food and […]

small business
Tax Saving Accountants

What Are the Basic Accounting Needs For a Small Business?

When you first set up your new business, you’ll have a lot on your mind. How to offer a better service than your competitors, for instance. How to market your business and make sure it gets noticed. But amidst all the excitement of establishing and promoting your new company, there are all kinds of behind-the-scenes […]

worker tax return form
Tax Saving Accountants

Get to Know Your Worker PAYE Forms: P45, P60 & P11D

Running a business involves many moving parts, and when it comes to paying your staff, it’s not just about the wage packets. Every employer needs to get to grips with a few essential PAYE forms that make tax and employee documentation a breeze—or at least more manageable. Three of the key forms you’ll encounter are […]

Tax Saving Accountants

Building Good VAT Habits

Value Added Tax (VAT) is a haunting figure for many businesses throughout the year. No one loves doing their tax return and there is a tendency to put off key admin tasks until the last minute. But equally, no one wants a nasty surprise when it is time to file your tax return. By building […]

Garden Office
Tax Saving Accountants

Can My Business Pay for an Office in My Garden?

Increasingly, workers and business owners are enjoying work away from the office. 14% of the UK are working from home in 2024, and many report that this arrangement not only boosts their work-life balance and well-being but also allows them to complete tasks quicker and with fewer distractions than in a traditional office setting. But […]

portrait-of-senior-male-wearing-overalls-in-garage-2023
Tax Saving Accountants

Is It Possible To Become Self-Employed After Retirement?

Retirement is a time for new beginnings. You’ve finally hung up your work suit, said goodbye to the daily commute and now have the freedom to pursue your passions. But what if that passion involves being your own boss? If you’re getting twitchy feet and looking to return to work in a more freeing way, […]

man thinking
Tax Saving Accountants

What is My Unique Taxpayer Reference and Where Can I Find It?

If you’re self-employed, learning the ins and outs of tax returns can be a tricky and time-consuming task. Here at Stonehouse Accountants, we work with small business owners across the UK and are often asked the same questions by each new client we speak to. One of the topics that often causes confusion is UTR […]

bookkeeping
Tax Saving Accountants

A Quick Guide to Sole Trader Bookkeeping

So, you’re starting out as a sole trader. Exciting times. There’s a lot to think about when you go it alone and set up your own business, but among your top priorities should be bookkeeping.  Why? Well, bookkeeping is an essential part of running a business. In a nutshell, it involves recording financial transactions that […]

changing accountants
Tax Saving Accountants

How Easy Is It To Change Accountants?

Your accountant plays an instrumental role in your business. From providing financial projections to handling your tax returns on time, an accountant can have a dramatic effect on the day-to-day running of your business – and its future growth prospects. Pick the right accountant and you’ll be setting yourself up for success. Pick the wrong […]

accountant
Tax Saving Accountants

A Beginner’s Guide to Preparing Annual Accounts

Setting up a small business can be a tremendously rewarding and satisfying experience, but it isn’t without its challenges. As a business owner, you’ll have to wear all kinds of different hats: not only will you be the company’s director, but you’ll also have to deal with things like statutory accounts. Completed annually, statutory accounts […]

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