free accounting and tax tips

did you know?

….you can be more profitable as a business by registering for VAT

Many businesses believe that registering for VAT will be a cost to their business making them less profitable. This is not always the case. More ...

….small businesses can save even more tax and effort through the flat rate VAT scheme

The flat rate VAT scheme is a simplified means of recording and paying VAT. It can, in a number of cases result in you paying less VAT than would be the case in a traditional VAT calculation. More ...

....you can save tax by having the correct structure for your business

Many people starting up in business are unsure whether it is more tax advantageous to become self-employed or set-up a limited company.  More…

....company owners can save over £1700 per year in tax through payroll

If you own your own limited company then using payroll to receive your tax free allowance can save you substantial corporation tax. More....

.....your bookkeeper or accountant could be trading illegally

The money laundering regulations require certain types of business to register with HM Revenue & Customs. More...

.....if you run your business from home you can receive tax relief

HM Revenue & Customs recognises that running a business from home will incur additional costs to the household. More...

.....you no longer need a company secretary

 The rules regarding limited companies were changed last year so that there is no longer a requirement to have a company secretary. More...

 .....marriage can reduce inheritance tax

Spouses and Civil Partners (CPs) are able to transfer property between themselves at death (and also in their lifetimes) without any charge to inheritance tax. More...