Lazy summer days lead us to thinking about anything BUT tax, however taking a few small actions could make a big difference in the tax you pay. Planning for a sunny retirement Paying into a personal pension not only helps to bring your retirement date closer and makes your pension pot greater but also can […]

All business should have a business plan, from the one-man band to the successful limited company. Once written, the plan should be referred to regularly and used as a tool to assess business performance. The plan will tell you where you are looking to get to in your business and it will set out the […]

The advice given on H.M. Revenue & Customs’ website is quite confusing so let’s try to explain how you should account for casual workers and keep matters simple. What if the people I employ changes regularly? When a business employs different workers on a short-term basis it makes sense to get the accounting and tax […]

Old and slow moving stock can be a real problem for a business. It can tie up cash in the business and take up floor and window space that would be better employed showing off some new fresh items. It makes sense therefore to look at ways of moving this stock on and turn it […]

Mark and Chandni have recently attended the three day AVN Masterclass course and have come back enthused to get started on the information they have learnt. Much of the course material applies to all business and not just accountants so, over the coming weeks, I am going to share that with readers of our blog. […]

Many business owners use the Christmas break to make brave new plans for their life and their business only to realise by the end of January that they have failed to live up to their plans. Achievable changes Business owners often fail to implement their plans because they set too big a challenge in a […]

There is no doubt that the authorities are stepping up their game against businesses who are not paying their staff the National Living Wage. Recently 50 businesses in the hospitality sector, including two fish and chip shops, have been targeted by H.M. Revenue & Customs resulting in the businesses being censored and fined. So to […]

Firstly, the most important strategy is that, as business people, we all give to charity in order to make the world a better place. Governments are facing so much financial pressure that aid in probably not top of their agendas however if we all do our bit we can together make a difference. Giving personally […]

H.M. Revenue & Customs are focussing more and more on close companies and are looking in detail into what constitutes a settlement when share waivers are used. How do dividend waivers work? Dividends are paid at the same rate for each category of share and this may mean that the distribution of profits may not […]

“When do I need to register for VAT?” You currently have to register for VAT as soon as your turnover in a rolling twelve month period exceeds £85,000 – this period does not relate to your business year-end. Remember to include zero rated sales in your annual turnover calculation. You must register straight away if […]