Council tax is a local taxation system in the UK that is used to fund local services such as rubbish collection, street cleaning, and local schools. However, not everyone is able to pay the full amount of council tax due to their financial circumstances. For those who fall under the category of low income, there …
Understanding Low Income for Council Tax Reduction in the UK 2023 Read More »
Getting a company registration certificate in the UK is an essential step for anyone looking to start a business or operate a company. The process can seem daunting at first, but with the right guidance and information, it can be straightforward and manageable. In this article, we will outline the steps involved in obtaining a …
How to Get a Company Registration Certificate in the UK? Read More »
Company car tax is payable if you are given a company car by your employer and it is classified by HMRC as a company benefit or BIK (Benefit in Kind). It’s important to know the amount of taxes you will have to pay if you receive a company car benefit. Not all cars have the …
Many business owners start their business as sole traders, and as their business grows, they may decide to upgrade to a limited company. Changing from sole trader to limited company offers many advantages, including tax efficiency, business credibility, limited liability of the business owner, and protection of your business name. However, a limited company involves …
How to Change from Sole Trader to Limited Company? Read More »
In a post-Covid world with travel restrictions and UK property prices continuing to rise, more and more people are considering the opportunity to work abroad. However, contracting in the UK while working abroad needs to be planned and thought through to ensure you take into account tax implications, visas, company formation, work permits, social security …
Important to Know Before Contracting in the UK from Abroad Read More »
Talk to any business owner and there’s a good chance you’ll be hit with a late payment on an invoice at some point. Research from the Federation of Small Businesses shows that a third of payments to small businesses are overdue, with an average value of these overdue invoices of £6,142. If small businesses were …
How Small Businesses Can Deal with Late Payments? Read More »
The cost of bookkeeping service could be as low as £20 per month or as high as £2000+ per month. What is the reason for such a huge variation in cost? It’s all due to every company having its own different requirements. The expenses a small company incurs in bookkeeping services will vary based on …
How Much Do Bookkeeping Services Costs For Small Businesses? Read More »
The Personal Tax Account was introduced at the end of December 2015 and was designed for the purpose of helping “revolutionize the way customers interact with HMRC” and helping individuals to manage and review their tax obligations online. It is accessible online through the government portal. It is a web-based service that lets people be …
Starting a business can be an exciting chapter in life, and managing accounts as a small business can be a difficult task. It can be tempting to put all your energy into the aspects of entrepreneurship that give you the most joy and reward. However, it’s crucial not to be doing this at the expense …
How to Manage Accounts as a Small Business Owner? Read More »
Cloud accounting software is a tool that helps accountants, bookkeepers, or business owners manage and automate a business’s accounting transactions and accounts. In a nutshell, accounting software helps you automate tasks in the accounting process. For example, you can automate the process of creating a journal entry each time a payment is made through your …
What are the Cloud Accounting Software Advantages & Benefits For Any Business? Read More »
