Everything you need to manage money and tax as a freelancer or sole trader – from self-assessment to invoicing and cashflow.
Much of the recent media attention surrounding pensions has centered around the income flexibility now available to retirees when accessing their pension pots from April this year. While this is great news for many, there have also been changes by the Government around pension death benefits.
On 5th April 2015 the rules relating to Capital Gains Tax changed. These changes will affect you if you are currently non-UK resident and you own residential property in the UK.
There are only a few months left for businesses to take advantage of the increased Annual Investment Allowance (AIA).
Incorporating your business – moving from being a sole trader to become a limited company, with its own legal business structure – has always been attractive from the tax position. This tax appeal could increase even further from April this year, when the main rate of corporation tax will be reduced to 20 per cent.
The ultimate goal for any company like yours is growth and success in your niche; cashflow is the lifeblood that can make or break your business dreams quickly and without much warning.
Accounting is generally a nightmare for most businesses – from the newest of start-ups to the most ingrained of businesses here in the UK.
When you want to grow your small business, finding the right finance and deciding the best course to take can be a difficult task. From using your own personal savings to getting a bank loan, there are a number of options to consider; P2P lending is the latest one.
From 1 March this year, businesses with fewer than 58 employees will start having to comply with the new auto enrolment pensions legislation and by 1 June, those with fewer than 30 staff will be captured by the legislation.
January 31st has just passed, which means that Self Assessment season is over for another year. And if you were one of the millions of small business owners who successfully file their tax return on time, you’re probably breathing a big sigh of relief.
5 things to remember when doing your Self Assessment tax return at the last minute
Monday January 26th will mark 100 days from the next General Election and a potential change of government. Business owners shouldn’t assume that reliefs available today will still be around next year and the following tax tasks should be considered now, as a new government could result in a swift change in the law.
Chartered Financial Planner and Director of Derbyshire-based Midland Financial Solutions, Kevin Edwards, explains what this April’s pension changes will mean for the UK’s over 55s.
HMRC has announced that there will be a “transitional period” for small businesses affected by new VAT rules.
The start of the new year is upon us, which means it’s time to think about making a few resolutions to make your life better. So if you’re considering making some pledges for 2015, are there any bad habits you’ve been making with your accounts that you could address to make running your business easier this year?
Around the festive season you may be thinking of donating some money to charity from your business – or if you’re already doing this, you may be considering renewing or increasing that annual charitable pledge.
