UK Business Structure Options
As you are probably aware there are MANY different ways to structure your business holdings if you have multiple trading and investment companies but trying to decide which structure to take is a tough decision. Why? Because there isn’t one CLEAR answer, it really depends on your long term plans. Below is a little list […]
The Power of Daily Habits: How Small Actions Lead to Big Changes
How many daily habits do you have? Most of us have things we do every day come hell or high water. We don’t even think about them, they are HABITS. Maybe it is brushing your teeth, working out or having a shower? Habits are routine behaviours that we perform automatically often without conscious thought. They […]
How to Manage Small Business Finances
Running a small business comes with a whole host of financial responsibilities and learning how to manage your finances properly is crucial to your success. These are my top 5 tips for managing your small business finances. Let me know if you think there is anything I have missed. Set up a Business Bank Account […]
Changes to Company Law
Companies Law is having a makeover! This means that there are going to be some changes for those of you with Limited Companies registered at Companies House! It is all in an effort to provide more transparency in the business environment and to give Companies House more teeth to ensure that their requirements are being […]
VAT Registration – When, How & Which Type
VAT is complicated and I get so many questions about when you should VAT register, how you do it and do I qualify for fixed rate? The below is a start (VAT is truly complicated and there are professionals who spend their whole careers just working with VAT complexities) but below are some simple rules […]
Rental income when you let a property
If you rent a residential property in the UK then you will need to pay tax on the rental income that you earn less the allowable expenses that you incur. Below is a summary of the income and rental expenses that you can take into account. Rental Income Rental income is the rent you get […]
Gifts
Client gifts As we head towards the holiday season, I thought it might be a good idea to touch on client gifts. We all like to say thank you to our loyal customers during the holidays but there are certain conditions and limitations to consider regarding if these are tax allowable expenses from a business […]
Electric Cars
Electric Cars An exciting one for you today – and very topical. ELECTRIC CARS and what are the tax implications of them? Is this tax efficient? What else do you need to consider? So here goes my take on it! Let me know if you have any questions? First things first – lets be clear […]
Sole Trader Tax Allowable Expenses
Sole Trader Tax Allowable Expenses So below is a little summary of the kind of expenses that are allowable for a sole trader for tax purposes. This is different than if you own a limited company and is by no means exhaustive but it is a good start. If you have any questions specific to […]
