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- Tax Saving Accountants
- 15 Nov 24
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 […]
- Tax Saving Accountants
- 24 Jul 24
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 […]
- Tax Saving Accountants
- 21 Dec 23
Tax Calendar 101: Stay Ahead of the Game with Key Dates for Sole Traders
Going self-employed is a major milestone in anyone’s career, and there’s a whole lot to think about before you make the leap. Aside from setting up and running the business itself, you’ll have an array of other responsibilities to consider… responsibilities like paying your taxes on time. Whether you plan to hire an accountant or […]
- Tax Saving Accountants
- 21 Jun 22
The Basics Of UK Corporate Tax
When managing your own business in the UK, one of the biggest but most essential bugbears is corporate tax. In the UK, corporate tax is kept track of and sent to Her Majesty’s Revenue & Customs (HMRC, formerly Inland Revenue), and taxes businesses based on their earnings throughout the year. It’s similar to income tax […]
- Tax Saving Accountants
- 25 Oct 19
Making Tax Digital (MTD)
You may have heard about the recent changes to the way VAT must be reported. In April 2019, HMRC introduced Making Tax Digital (MTD). The main change with this new piece of legislation is the way your VAT returns are filed online. If your company is turning over more than £85,000 you are now required […]
- Tax Saving Accountants
- 17 Jul 19
Tax Incentives for SMEs You Need to Know About
During the early development period, while establishing your Small to Medium Enterprise (or SME), every penny counts. You want to carve yourself an edge against competition in the industry as you fulfil a dream of owning a successful business. It is, therefore, an intelligent approach to consider all the ways in which you may reduce […]
- Tax Saving Accountants
- 6 Apr 18
How will the new tax year affect you?
As of today (6th April 2018) the new tax year has arrived. With this bringing changes for millions of people, it’s important to understand how this will affect you. Changes to tax free income, pension limits and death duty are just a few that will come into place today. Most UK residents will also see […]
- Tax Saving Accountants
- 15 Mar 18
Allowable Expenses Simplified For Business Owners
Understanding that you can’t subtract all of your self-employed expenses is imperative. HM Revenue and Customs (HMRC) has clearly stated what you can and can’t include, expenses that are eligible to be tax-free are known as ‘allowable expenses’. HMRC has defined allowable expenses to ensure that business owners understand that they can only take away […]
- Tax Saving Accountants
- 9 Feb 16
Accounting Advice for Small Businesses
Helpful tips that every small business owner should know about. Accounting can be alien to many new and existing small business owners. It’s the side of owning your business that most people hate, managing books, finances, tax, VAT – it’s a hassle, but it doesn’t have to be… With a little discipline and a good system […]
- Tax Saving Accountants
- 7 Dec 15
Tax on Sugary Drinks Backed by MPs
Tax on sugary drinks are being implemented to target childhood obesity in the UK, MPs say The Commons Health Committee has recently published a hard-hitting report, with compelling evidence which puts pressure on ministers, for the long-awaited 20% tax on sugary drinks to fight child obesity in the UK. The report claims “One-fifth of children […]