A Guide to National Insurance Relief for Small Businesses

For small businesses, finding opportunities increase profits is an essential element to a growing company. National Insurance Relief can be an efficient problem solver to the question of how to cut costs. Read on to find out what National Insurance relief is and how your business can claim it. What is National Insurance relief? As […]

Do I have to Pay Tax on Hobby Income? Rules You Need to Know About

Profiting off a hobby or a side hustle can be a great way to earn some extra cash. But, do you have to pay tax on hobbies? And what are the hobby tax rules? We’ve got a guide on all you need to know below. Take a look. What’s the difference between a hobby and […]

Corporation Tax Penalties & Fines

Corporation tax penalties occur when you haven’t filed your tax on time or if you have provided inaccurate information to HMRC. The amount you have to pay depends on how late you are to file or if they believe the inaccurate information was deliberate or not. We’ve got a guide on everything you need to […]

Employing Family Members: What Are the Rules?

If you have your own limited company, you might be wondering if you can employ your family members – and if so, are there any rules regarding this? See our guide below for all the details on employing family members. Can small businesses employ family members? Yes, a small business can employ family members – […]

What is Bookkeeping? Our Guide for Small Business Accounting

Bookkeeping for small businesses is important for financial purposes and business growth. You’ll always need to make sure your books are in order. Find out the answer to ‘what does bookkeeping mean?’, why it’s important and more below. What is bookkeeping? Bookkeeping is a big part of accounting for any business but what exactly does […]

Making Tax Digital for Small Businesses: Our Guide

Making tax digital (MTD) is a must-know for business owners. We’ve made an easy guide on what this new UK government scheme is and how it can affect you. Read on to find out more about MTD for small businesses. What is making tax digital (MTD)? Making Tax Digital is a scheme from the UK […]

UK Corporation Tax Rise 2023 on Small Businesses

In 2021, the UK Government announced a change in corporation tax. Currently, there is a flat rate of 19%, but this will change as of April 2023. Knowing the corporation tax rise for 2023 is a must for businesses across the UK. See how it will affect your small business by reading on. What is […]

UK Tax Codes Explained – Our Easy Guide

Tax codes can be confusing. Whether you’re self employed or work for an employer, it’s important to know how much tax you’re paying and how your tax is calculated by HMRC. You’ll also need to take into account things like self-employed pensions and tax relief, or tax implications if you’re freelancing whilst working. Make sure […]

Can I Get Tax Free Childcare If I’m Self-employed?

Tax free childcare might be something that you’re concerned about if you’re self-employed. Child-care is imperative for many of us in full-time jobs and support can be a big help. So, if you’re wondering ‘what is tax free childcare and how does it work?’ and want to know if you’re eligible, we’ve got a guide […]

Construction Guide: What is the Building Safety Bill?

Building safety is a top priority when building and maintaining a property. This Bill is set to become law by July 2022 (the Building Safety Act 2022), making it important to brush up on, especially as a construction worker. So, what is the Building Safety Bill? Find out all the information you need to know […]