Are you eligible for reduced income tax through Marriage Allowance?
Did you know that if you’re married or in a civil partnership you can share your personal allowance to a certain degree? Here’s how the Marriage Allowance works.
Should I register my business for voluntary VAT?
There are certain benefits for businesses being registered for VAT. This is why some businesses consider registering voluntarily. But is it the right decision for your business? Let’s consider the pros and cons of voluntary VAT registration.
Auto Enrolment – The Basics and Frequently Asked Questions
You might have heard the ads on the radio or you have heard people talk about auto enrolment and workplace pensions. So, what’s it all about and does it apply to you? In this week’s blog post, we’ll cover the basics and answer the most commonly asked questions.
A quick guide about keeping records for your tax return
If you need to fill in a tax return every year you will also need to keep the records related to the tax year in question. This is the case whether you are an employee, self-employed or run a Limited Company. The rules for keeping records are, however, a bit different for each category.
How to know when your hobby turns into a business in 2025
Do you have a hobby that might have turned into a business? Whether you are accepting money for public speaking engagements, online selling, provide entertainment at parties or make crafts which you sell at a market, there comes a point when your hobby turns into a business.
Useful tips if you provide benefits in kind to your employees
If your company pays their employees (including company directors) any kind of benefits other than their salary, these need to be specified within the P11D form. This article explains benefits in kind, in particular company cars and medical benefits.
How to set up a Limited Company
Once you have made the decision to run your business as a Limited Company, you have to set it up as a legal entity. Depending on your business, this can be a very straight forward process that takes only a few minutes online.
Getting your business ready for “Making Tax Digital”
When HMRC announced the new scheme to bring the tax system into the 21st century in 2015, their plans were ambitious. HMRC wanted to implement the new system between 2018 and 2020. Industry experts raised concerns, however, and HMRC have now proposed a revised timetable for “Making Tax Digital”.
What every Employer needs to know about Payroll
Growing your company is exciting and when you take on your first employee you know it’s going in the right direction. But with this kind of growth comes a new kind of responsibility. Your employees need to get paid and this means you must start running a payroll.
What you can do if you can’t pay your tax bill
Nobody wants to run out of money, but sometimes we don’t plan enough in advance and a bill hits us that we weren’t expecting. But what if that bill is your self-assessment tax bill? What can you do?