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…

We all have to dress for work no matter what job you do, and you may be eligible to claim money back for your work attire. Some claims are easier than others, but either way, it’s worth giving it a go! One thing to point out is that HMRC don’t like you claiming for clothes…

If you have been freelancing for a while, and have started making money, you might want to consider putting some of your income aside to pay your personal tax bill. Being prepared will make your life much more comfortable, and will also lessen the blow when you work out what tax you need to pay…

Do you have a small business, or are you self employed, sat around, wondering whether or not you need an accountant? It may appear to be a straightforward question, but the answer may not be as straight forward. An accountant provides you with financial solutions. They can save you money and ultimately, they can make…

Hearing the words ‘HMRC tax enquiry’ may seem daunting, but there’s no need to panic. It doesn’t mean that anyone suspects you of any wrong-doing; they are merely checking that the information on your tax return is correct. There is also a possibility that you have been randomly selected to have your tax return checked…

When starting up a business, you will, without a doubt, have many questions. One of which may be about your banking situation. Should you open a business account, or stick to your personal one? Although business accounts do come with some charges, it may be worth looking into. Trading as a limited company If you…

Starting a new business or starting as self-employed is an exciting time, but it can also be very stressful, and you may have several questions. One thing that many people struggle with is how to price their services. It all depends on what your trade is, what service you are offering, and of course, how…

When registering yourself or your business with HMRC, it’s essential that you do it correctly. If you register yourself incorrectly, you may find yourself in bother, and more importantly, you could end up with a sizeable bill to pay. When Do I Need to Register? If you are going to be trading through a limited…

With the drastic increase in phone scams throughout the UK, HM Revenue and Customs (HMRC) have begun using new control measures, putting a stop to fraudsters copying and using some of the tax authority’s well-known helpline numbers. Successful Scamming Victims have reported receiving phone calls (mainly from 0300 numbers) claiming to be a legitimate call…