If you rent an office or workshop for your business, the tax return is relatively straightforward because it’s entirely for the company. However, if renting isn’t an option, you may find yourself working from home. With this comes additional expenses, and it wouldn’t be fair not to be able to include them in your tax-deductible…

We don’t often think about pensions until later in life, but if you are a business owner, then you should prioritise it. Owning a Limited Company does not mean that you cannot have a pension; you just have to think about it and plan it, rather than simply expect it. Pension planning is crucial if…

Nothing is certain but death and taxes; I’m sure you’ve heard this before. Choosing to work with an untrustworthy accountant can get you into a world of trouble. Knowing who to trust can be difficult, but knowing the basics to avoid being taken for granted is much easier. Pay The Right Amount of Tax Nobody…

If you are a business owner, when you sit down with your accountant to discuss your year-end accounts, you will probably hear the term Director’s Loan Account. It’s not the easiest thing to get your head around, so we’ve put together a list of everything you need to know. What is it? It’s a log…

Universities up and down the UK are welcoming new and returning students, but HMRC has issued a warning about tax scams that are targeted towards students at this time of year. Students are seen as easy targets because a lot of them struggle for money, and like most of us, would jump at the chance…

If you have recently set up a Limited Company, and you can see the money adding up in your business account, you probably want to take some of that money to pay yourself. So you could just withdraw the money because it’s your company, right? No, not quite! Why Can’t I Withdraw Funds Whenever I…

Becoming a boss for the first time is an exciting time, but it also means that you will need to learn the ins and outs of payroll. Having employees brings more responsibility, but it also means more administration; HMRC will need figures reporting to them each month. As soon as you start employing staff, you…

Many business owners and freelancers choose to manage their own finances but opting to employ an accountant can help you save money in the long-run. Having the right accountant can increase your understanding of your business, and can also help your business to flourish. Having the best skill-set, and the best possible knowledge is all…

When the Tax Return deadline approaches, it can be quite a stressful time for you. Therefore it’s best to be prepared in advance and to know what your accountant needs from you. If you are a business owner or are self-employed, take a look through our list to see exactly what you will need to…

There are 1.9 million limited companies in England, and the main reason people choose to set up this way is to mitigate personal financial risk. If you are a sole trader, you are personally liable for any debts. As a limited company, the business is a separate legal entity; therefore, it is the business that…