As an employer, you’ll need to ensure that your employees are on a workplace pension. Auto-enrolment pensions automatically sign up your employees to the pension scheme that you’ve chosen for your business without them needing to ask. But what are…
VAT is an important aspect of bookkeeping for any small business. Even if they do not meet the VAT threshold, many small businesses choose to register for the potential benefits – including claiming back money! Want to know how to…
Capital gains tax is a form of tax that you must know about if you’re a self-employed sole trader or in a business partnership. This is because a failure to declare CGT could cause you issues with HMRC. We answer…
Balance sheets are integral to running a profitable small business. It’s a core fiscal aspect which will help to keep track of your finances – i.e., a form of bookkeeping. Your accountant can help you with a balance sheet for your…
Financial forecasting is a must for any successful business. Many different factors and industry changes can affect the way you do business. Preparing financial projections can help you plan ahead and provide a baseline for any changes outside of your…
Tax dates seem to creep up on us every year. Remembering these dates as a business is important to avoid late fees or fines. To make sure your financial year is organised, we’ve listed the tax calendar for the year…
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…
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…
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…
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.…
