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There has been a rise in self-employment during the last year. The latest figures show that more than 35,000 people registered as self-employed during the time, overall lifting the total of UK residents working for themselves to just short of 4million. The reasoning for this is fairly simple. With an increase in redundancies, a lack […]
The benefit of a limited company means you keep your business separate from your personal affairs. A limited company can appear more professional and can help to build credibility with other businesses. However there are rules that need to be obliged by and paperwork to complete. A limited company must have at least one director […]
A partnership is a simple and fairly flexible way to run a business, when there are two or more people involved together. Any debts in the partnership are spread equally and those involved are jointly liable with the responsibility to pay the debt off. The first rule for going into a partnership is therefore to […]
Becoming a Sole Trader is the easiest way into self-employment and it is for those who are ‘one-man bands.’ You won’t have to pay any registration fees as a sole trader, and keeping your eye on records and accounts is fairly straight forward, also there is the advantage that you get to keep all the […]
Peterborough based Thomas Cook group chief executive Manny Fontenla-Novoa is stepping down with immediate effect. The board seeks to “restore market confidence” after a poor performance of its UK business. It’s unclear if Fontenla-Novoa has a job to go to but he will be replaced by his deputy, Sam Weihagen, which is on an interim […]
HMRC will use pinpoint software to more accurately target people who have failed to pay the correct tax. The software will also find people who are trading without the HMRC knowing, through the HMRC’s connect computer system. The campaign will allow the HMRC to be alerted to tax evasion, previously unseen, through matching a large […]
Doesn’t look like U2 were to get let off one single bit as protests over claims of tax avoidance came to the limelight at Glastonbury Festival 2011 – Bono’s band U2 headlined at the Glastonbury festival as members of Art Uncut, an offshoot of the larger direct action group UK Uncut, complained that 10 guards […]
In our part 2 guide to using an accountant, we cover how you can save time, why tax advice is important and reasons why sitting down and going through financial history with an Accountant is invaluable. Part 2 Outsource, outsource, outsource. Some people believe (or can prove) their time is far too valuable to waste […]
So you’re are thinking of using an accountant, we we’ve got some reasons why that makes perfect sense. Part 1 Do you really know anything about Accounting or Tax Saving? If you have no idea or time and you feel you’re not really up to the task of learning how the process all works, it […]
Accountants have been around for donkeys years, centuries in fact and they have provided us with a number of different Accounting services throughout this time. Most people think that Accountants only provide Tax Return Advice, but this is not so, especially that of Stonehouse Accountants in Peterborough. So why can’t most individuals do their own […]