Bookkeeping by remote – and how it works

The traditional self-employed bookkeeper will generally come to your office say one day a week or one day a month depending on your business need. The traditional bookkeeper will need space in your office, which can often be difficult. One

Number of businesses soars to 5.7m

The number of private sector businesses in the UK hit a record high of 5.7 million at the start of 2017, according to government figures. Annual statistics from the Department for Business, Industry, Energy and Strategy showed a year-on-year rise

HMRC stops use of personal credit cards to pay tax bills

HMRC is withdrawing the option to use a personal credit card to pay for tax returns, with the deadline for online submissions rapidly approaching. The Revenue is withdrawing this facility on 13 January 2018, just weeks before any money owed

Small businesses face skills gaps

Small businesses are experiencing skills shortages in both their workforce and their recruitment processes, causing concerns for future productivity. The Federation of Small Businesses (FSB) surveyed 1,203 small business owners and found that 46% lack a fully proficient workforce. Additionally,

Disincorporation relief to end in March 2018

Disincorporation relief will not be extended beyond its 31 March 2018 expiry date. The relief was introduced in April 2013 in a bid to remove the tax burdens when small business owners want to change from a limited company to

HMRC investigations

What to expect when the Revenue comes knocking. Anyone whose business comes under the Revenue’s microscope is usually in for a roller-coaster ride. HMRC has upped its game in recent years when it comes to probing businesses or sole traders

Giving to charity in life and death

How to include charitable donations in your tax planning strategy. Incorporating charitable giving into your tax planning strategy can be a useful way to reduce both your income tax and the inheritance tax (IHT) that will eventually become payable on

Autumn Budget 2017 round-up

A range of measures designed to boost business and productivity were announced in Autumn Budget 2017. Amid a background of discontent surrounding business rates, chancellor Philip Hammond revealed future increases will be determined by the Consumer Prices Index measure of

Online self-assessment

How to complete your self-assessment tax return online. For self-employed people, company directors and those receiving other sources of income, it’s the time of the year to send your self-assessment tax return. Self-assessment is the process used by HMRC to

Accounts for limited companies

Audits may be a thing of the past, but certain annual reports still apply. If you’re a business owner, you may be familiar with the process of submitting your accounts for official inspection by an independent body. This is known

Autumn Budget 2017

AutumnBudget2017 – Click to download this article as pdf file. Chancellor Philip Hammond said he’d take a “balanced approach” to his second Budget of 2017. Once again the speech was light on headline-grabbing finance changes and there were no ‘giveaways’ or

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