Finance
It isn’t easy finding the time to put your records in order or sort out your business expenses. We can help with this selection of online support. The following live webinars are interactive. Simply ask your questions using the on-screen text box. Record keeping for the self-employed: Whether you use traditional or cash basis accounting methods, […]
If your business is VAT registered with a turnover above the VAT threshold then you will be required to use the new guidelines of Making Tax Digital (MTD) for VAT by law from the 1st April 2019. The primary aim of Making Tax Digital is to make the administration of tax effective and easier for taxpayers […]
Crowdfunding is a time-consuming endeavour. And there’s nothing worse than spending your precious time on activities that are at best ineffective, at worst actively putting investors off the idea of funding your business. So what common mistakes do entrepreneurs often make when looking to raise money for their business? Not knowing your numbers How did […]
A new campaign to tackle pension scams launches today as the latest figures reveal that victims of pension scammers lost an average of £91,000 each in 2017. The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have joined forces to urge the public to be on their guard when receiving unexpected offers about their […]
Staff Uniform Costs The National Minimum Wage (NMW) has been the hot topic of discussion in recent headlines, discussing the latest government list that has named and shamed employers who have failed to pay their workers the NMW. With some employers being in the news for simply not paying their staff the minimum hourly rate, […]
We want to stress how important this message is for members and non-members with reference to Pension Auto-enrolment Please don’t ignore any letters that you may receive from The Pensions Regulator, especially Compliance Notice’s as these usually relate to fines and penalties and these will simply not go away until they are dealt with. Penalties can […]
HMRC has a variety of useful online support if you need help with your tax return. HMRC’s YouTube channel has a range of short videos on ‘Self Assessment’ covering topics such as: Expenses if you’re self-employed Paying your Self Assessment tax bill Viewing your calculation For more information dip into the ‘business expenses for the self-employed’ e-learning […]
A new pre-action protocol for debt claims, which comes into force on the 1 October, has left many small businesses unprepared and at risk of falling foul of the regulations. The protocol only applies to businesses claiming payment of a debt from an individual. It does not apply to business to business debts unless the debtor is […]