Blog
Self-Assessment – What you need to know
What is Self-Assessment? Self-Assessment is aimed at individuals whose income isn’t taxed automatically when it’s paid. So, while employees are generally taxed automatically by their employer through the Pay As You Earn (PAYE) scheme, the individual is responsible...
Why you should get a Business Valuation
Whether you are thinking of selling your business or not, it is still worth having a free business valuation now. And if you are considering selling up within the next three to five years, it is likely to be beneficial to carry out some forward planning before you exit the business. Exit planning is the process of getting
2022 National Insurance Tax Increase
After much speculation, it was confirmed by Boris Johnson that National Insurance contributions (NICs) will be increased by 1.25% from April 2022. The rise will affect both employers, employers and the self-employed and will mean that those above the minimum...
The time could be right for a Family Investment Company
The popularity of Family Investment Companies (FICs) has been increasing over recent years, and for good reason as they can provide an effective tool for retaining family wealth and passing on assets to future generations. The relevance of FICs is perhaps even more...
Modelling – The Pathway to Successful Business Growth
The recommendation is every new business start-up should prepare a Business Plan as this helps to clarify the business idea, identify the market and understand what resources will be needed to get going.
Home Working Tax Relief
While many people will have started to return to the office in recent weeks, many will also continue to work from home. If this applies to your employees, then they may be eligible for working-from-home allowance. This allowance (or tax relief) can either be paid to them directly in their wage-slip
Why you Should Pay your Corporation Tax Early
What is Corporation Tax and who pays it? Corporation Tax is a tax paid by all UK limited companies and it is based on the annual profits that a company generates. Sole traders and partnerships do not pay Corporation Tax and instead they are required to complete a tax...
Making the Entrepreneurs Dream a Reality
When entrepreneurs set up their businesses the journey usually starts with a dream. Not a dream in the in the sense of “I had a dream last night….” but more of a vision about how their business idea will make them successful and wealthy. And successful and wealthy can...
Maxing Tax Digital (MTD) – April 2022 VAT Changes
For anyone whose business has been voluntarily registered for VAT, you will soon need to change how you file those returns and you will also need to take on digital record keeping for your VAT accounts. These changes are coming because Making Tax Digital for VAT will...
Understanding your Tax Code
In the UK, employers are legally bound to deduct income tax from their employees in advance of wage and salary payments through PAYE (pay as you earn). Self-employed workers are subject to the same system, but instead must calculate and pay their own tax directly to...
Strategic Business Planning
If you don't know what the target is, how can you expect to hit it? It is a fact that, for almost all of us, when making key decisions in our lives; buying a car, choosing where to live, getting married, even going on holiday, we create a plan or strategy to ensure we...
Directors beware. You can run, but not hide
How many times have we heard that a Company that has outstanding liabilities has been dissolved by the Director at Companies House without going through a formal Insolvency process and then the Director appears to have successfully set up a new Company
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Find out more about how we help businesses in South West London and beyond and start building the right package of support to nurture your business.
