The way we manage, control and access our money has fundamentally changed. Gone are the days of paper cheque books and cash-only payments; now we’re in a digital-first world where, essentially, money lives online.
Category: Money & Tax for the Self-Employed
Everything you need to manage money and tax as a freelancer or sole trader – from self-assessment to invoicing and cashflow.
Five tips on auto enrolment for small firms
As thousands of small firms small firms get nearer to the date when they must enrol for a workplace pension, how can founders cut through the pensions jargon to find the right auto enrolment platform for them?
How to measure how profitable your company really is
The Profit & Loss Account of a business (also known as the Income Statement) shows the revenue earned and the expenses incurred over a specified period of time. This trading account is where you will find the profit figure – and be able to determine the overall profitability of the business.
HMRC set to take Chancellors lead & propose changes to IR35
HMRC have put forward a proposal to amend the legislation related to people using service companies, otherwise known as IR35, in a new discussion document.
Government removes bans on SMEs borrowing against unpaid invoices
Small companies will be given the right to raise funds by borrowing against unpaid invoices from big business customers from early next year, Small Business Minister Anna Soubry has announced.
Is your year end threatening the sustainability of your business?
Does your Year End threaten the sustainability of your business? Choosing the wrong Year End could mean disaster.
Realising value: the importance of correctly structuring equity ownership
On a sale of a company it might reasonably be assumed that all the vendor shareholders are subject to the same tax treatment. They are not.
The SME’s wish-list for tomorrows Budget
With the first conservative budget to be announced tomorrow, expectations of longer Sunday trading hours and increased inheritance tax are being rumoured. But what can small business owners expect, and what would be ideal for them?
Micro businesses failing to bill £11.3 billion a year
Micro-businesses are potentially in danger of becoming undervalued and underpaid as new research shows that nearly two in three micro business owners do not track or record any of their time.
Preparing for a VAT inspection
In days gone by, a popular tactic for dealing with a VAT inspection was to make it as uncomfortable for the inspector as possible, hoping that they would get fed up and leave before finding anything wrong.
Businesses to lose out as HMRC changes rules on VAT refund
After HM Revenue & Customs (HMRC) announced sudden changes to the recovery of input VAT incurred prior to registration, Leicester-based chartered accountants, Newby Castleman is urging businesses to be aware of the new rules now in operation and the implications they may have on their business.
3 routes to business grant funding that you need to know
There are a myriad sources of grant funding available for small businesses and start ups and as a business owner it can be confusing trying to pick your way through the different options to decide whether your business may qualify for support.
8 smart money habits to practice in your startup
Developing smart money habits early on in your business will ensure you have more than pennies to save as your business grows.
Keeping tax simple – declutter your business
As tax legislation gets more complex, and politicians clamber over each other to block alleged loopholes, mainly of their own making, businesses are increasingly looking to simplify their tax affairs.
Inheritance: A blessing or a curse?
Are ‘trust fund babies’ destined to become idle and demotivated, or just as successful as their grantors? Amelia Renkert-Thomas from family business specialist, Withers Consulting Group, explores the potential outcomes and how families can help beneficiaries to take the right path.
