|
VAT Flat Rate Scheme Explained
VAT is the most complicated tax that a business has to deal with on a daily basis. Some businesses may be able to simplify their VAT affairs by joining the Flat Rate Scheme. |
Why do you need an accountant?
What an accountant can do for you whether you are a start-up or a growing business |
What dates are important for self-employment?
As a self employed individual you will be required to complete a Self Assessment Tax |
|
Love what you do
Small businesses are a beautiful thing. They are agile, unencumbered and fearless. They also demand blood, sweat and tears of their leaders and staff alike. It’s imperative that you love what you do. If you don’t. more info.. |
Hear their success stories
Over the past year I asked some guests a few questions regarding their journey to success. more info... |
How to be a Sole Trader?
Being a sole trader is the simplest way to run a business, and does not involve paying any registration fees, but you must. more info.. |
What’s the January Tax Deadline?
The 31/1/16 deadline is the very latest you can submit your 2015 personal tax return to the HMRC without getting a penalty. |
Inheritance Tax.
From 2017/18 each party to a marriage will get extra inheritance tax relief if they have a house in their estate when they die. This extra |
New National Minimum wage rates announced.
From Thursday 1 October 2015, the adult rate of the National Minimum Wage (NMW) will rise by 20p. |
UK inflation rate falls to lowest recorded levels
The UK’s inflation rate fell to zero in February, according to official figures from the Office for National Statistics (ONS). It is the lowest inflation rate since records began. more info... |
Final Budget 15th March 2015
George Osborne presented the final Budget of this Parliament on Wednesday 18 March 2015. In his speech the Chancellor reported 'on a Britain that is growing, creating jobs and paying its way'. Towards the end of 2014 the government issued. More info.... |
VAT rules are changing for Prompt Payment Discounts.
From 1st April 2015, on issuing a VAT invoice, you will enter the invoice in your accounts and record VAT on the full price. Your invoice must contain the following information. More info..... |
Advisory Fuel Rates from 1st March 2015
HMRC has made some minor changes to its advisory fuel rates (AFR)s . These apply from 1st March, but the tax man is happy for employers to continue using the old rates until 31st March. More info...... |
Planning ahead for 2015/16
The personal allowance for 2015/16 was originally scheduled to increase to £10,500 but it was announced that this will now be £10,600, so the tax free amount will now be £883 per month. If re-elected the Chancellor stated that this would be increased to £12,500 by 2020. More info... |
New National Minimum Wage rates
With effect from 1st October 2014 the national minimum wage (NMW) rates will be as follows. More info... |
