Self-employed and Freelancers and small business owners will have to send a tax return known as a Self-Assessment to HM Revenue and Customs (HMRC) each year. Tax Year The tax year for self-assessment covers the tax year from 6th of April 2016 to...
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Small Businesses will need to take proactive decisions steps to prepare for Brexit. If a transitional period is granted then small businesses will have more time to take the necessary actions before the final exit of Britain from the EU. Tip1 –...
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Some business strategies work better than others when it comes increasing your profits for your small business. By incorporating the following will support your small business in achieving more profit in the long-run. Assess Expenses Periodically...
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Announcements made in the 2017 Autumn Budget that may impact small businesses, freelancers and contractors are looked at in this quick summary. National Living Wage The National Living Wage will rise to £7.83 from April 2018 for employee over 25...
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Small businesses will need to observe the effects interest rate rises have on your business. Their effects could change the way in which you do business, especially in the finance department. The following guide will highlight the most likely...
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As a contractor, you will either be self-employed or run a limited company National Insurance(NI) needs to be paid by both employed and self-employed The NI amount is the same for people above 16 years of age for women and men You can secure a...
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Deadline for 2016/2017 Paper Self-Assessment Tax Return to HM Revenue and Customs (HMRC) is 31 October 2017. Electronically Submitted Returns Deadline Failure to to meet this deadline will result in your only other option for your Self-Assessment...
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This quick guide will detail some financial tactics that could minimise your tax at year-end accounts. An accountant should be consulted to ensure proper planning has been put in place so that full advantage of these tactics can be gained before...
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Here are some tips and advice ensuring that business related disputes are dealt with promptly to ensure a positive outcome for you and your client. By not resolving a dispute as a contractor can have implications in terms of money and time as...
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Managing your cash flow as a Freelancer can be tricky especially if you are just starting out. Here are a few top tips to help you keep your cash flow under control. Save, Save, Save It is important that you are aware from day one that you will...
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As HMRC tackle tax evasion, we have prepared a quick guide into how and why they are tackling tax evasion and fraud. Examine data with software program ‘Connect’ The use of the super software program ‘Connect’ is being used to examine data and...
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Here are our top tips to recruiting the best staff so that you can put together a great team that can lead to company growth. Top Tip 1 – Add a Full Job Description It is important to attract the right type of qualified individuals if the best...
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