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Find out here the latest articles, news and topics around new businesses and up to date HMRC legislation

simplifying tax for the self employed

simplifying tax for the self employed

Did you know?  Base Period Reform is coming into force for tax year 5th April 2025 – simplifying tax for the self employed! What is it?  Basis period reform (BPR) means that self-employed individuals (sole-traders) and partnerships will have to report their business...

What are payments on account – self employed?

What are payments on account – self employed?

Just when you thought you understood Self Assessment Tax bills, HMRC introduced Payment on Account. Which is a mechanism where HMRC requests part of your tax bill upfront based on a guesstimate amount of tax for next year alongside any tax due for the last tax year....

All Things Payroll

All Things Payroll

ALL THINGS PAYROLL Employing people can seem like a very scary concept. Particularly if you are taking the leap to employ your first employee! The hard part of employing people has already been done you will be glad to know, which was choosing the right employee!...

claim Job related expenses

claim Job related expenses

Did you know? You can claim Job related expenses if you are employed and you can go back 4 years!Tax relief reduces the amount of tax you pay. If your employer pays all of your expenses, you cannot claim any tax relief but you may be able to claim tax relief on...

Super tax deduction ending soon…

Super tax deduction ending soon…

Did you know? Between 1 st April 2021 - 31 st March 2023, Limited companies can claim 130% of the value of the item bought and write it off against your corporation tax bill!but what does this mean? In short it means every pound a company invests, their taxes are cut...

Identify Your True Costs and reduce them

Identify Your True Costs and reduce them

Did you know?If you identify your true costs, you can reduce them!One of the goals of any business is to make profits right? Are you aware of all your costs and know how to account for them in your business? If you deep dive into your business, you may be surprised to...