If you are intent on growing your business at some stage you will have to become VAT registered. It is surprising how many people don’t want to grow their business because they are concerned that becoming VAT registered will be complicated. In fact registering for VAT is straightforward and can be quickly and easily done […]
HMRC offers tax saving for married couples
In September 2015 the Government made the Marriage Allowance available to couples where one of them earns less than the personal threshold for tax, currently £10,600. The Marriage Allowance works by allowing the higher earning person to transfer £1,060 of their personal allowance to their husband, wife or civil partner. The lower earner needs to […]
HMRC offers tax saving for married couples
In September 2015 the Government made the Marriage Allowance available to couples where one of them earns less than the personal threshold for tax, currently £10,600. The Marriage Allowance works by allowing the higher earning person to transfer £1,060 of their personal allowance to their husband, wife or civil partner. The lower earner needs to […]
Improve Cashflow, Increase Profit
There comes a time when the business owner just can’t keep juggling all the balls without dropping one which has a significant impact on their business. Successful businesses rely on someone to keep control of the paperwork, maintain accurate records and above all ensure HMRC receive submissions and payments on time. A bookkeeper is a […]
Make your life easier in 2016
The Christmas and New Year break is a good time to reflect on all that is good and not so good with your business. Business owners have chance to step back and take time to look at what works, what doesn’t and what could be better as well as planning for the coming year. How […]
Is Superman Syndrome affecting your ability to delegate?
Superman syndrome is derived by the same personal characteristics which makes small business owners and entrepreneurs successful. Successful business owners often have a strong willpower and a great sense of individualism, this is what led them to take the risk and believe in their ideas and themselves from the start. However there comes a time […]
Can you claim VAT on your Christmas party?
If you are treating your staff to a Christmas party you should be aware of what is allowable and what is not according to HMRC. VAT can be claimed on staff entertaining which would include parties, outings or team building events if they are for a business purpose. A business purpose would be to reward […]
Auto Enrolment Administration eases the pain
For the last two weeks Karen, our Auto Enrolment Administrator, has been busy setting up workplace pension schemes with The People’s Pension. This has been the most popular pension scheme with our client employers and several of them decided to have it set up before the new charges came into place today. Since the announcement […]
Carrier Bag Charges – compulsory or voluntary?
On 5 October 2015 a compulsory charge was introduced for single-use carrier bags. This charge is only compulsory to businesses with 250 or more full time equivalent employees however smaller businesses can introduce this charge voluntarily. Whilst larger businesses will have to keep records of carrier bag use, smaller businesses do not have to. […]
Pension Auto Enrolment is now costing employers even more
We have been talking to our employer clients about pension auto-enrolment for some time now and presenting them with fact sheets about the three schemes which would not cost them anything to set up. NEST, NOW Pensions and The People’s Pension were all schemes that would take small employers with less than 50 employees. […]