If you’re thinking about starting up, you must carefully consider whether to form a limited company straight away or hold off for a while and become a sole trader. You may think forming a limited company will save you tax and must therefore be the best route. However, many start-ups incur considerable costs in their [...]
Posts Tagged ‘Tax’
Should you start up as a sole trader or form a limited company?
Posted in Formation, tagged accounting, cost, HMRC, limited company, profit, sole trader, Tax on 26 April, 2010 | 2 Comments »
PAYE – new late-payment penalty legislation for the 2010-11 tax year
Posted in Tax, tagged Bookkeeping, HMRC, late payment, NI, Tax on 22 April, 2010 | Leave a Comment »
We’ve seen many new taxes come in under the radar over the past few years, but for me, this is probably the most badly thought-out, badly communicated of the lot. And once again, it’s being left to accountants and tax advisors to communicate the bad news. If you employ staff, you’ll be familiar with the [...]
Budget 2010 – how will it affect you?
Posted in Advice for your business, Finance, Tax, tagged Budget, Business rates, forecasts, investment, Stamp duty, Tax, tax threshold on 25 March, 2010 | Leave a Comment »
With the general election imminent, it’s hard not to see the most recent budget as strongly political. A number of tax incentives were announced, mainly to benefit the largest groups of taxpayers, but paid for by rises affecting the wealthy.
Year-end tax planning for start-ups
Posted in Finance, Tax, tagged capital gains, income, invoice, ISA, profit, Tax, tax relief, year-end on 22 March, 2010 | Leave a Comment »
Planning before the end of your accounting year could reduce your tax bill and improve your cashflow. With 5 April fast approaching and many start-ups reaching the end of their year on 31 March, here are my ten tips for year-end tax planning.
Tax tips for business mums
Posted in Advice for your business, Finance, Tax, tagged Child Trust Fund, Finance, National Insurance, NIC, Pension, savings account, shares, Tax on 12 March, 2010 | 2 Comments »
I’m a Mum in business? Are there any special areas I should know about? Other than making sure you are claiming Child Tax Credits, there are a number of areas that could be of benefit to you:
Organisation – the key to making tax less taxing
Posted in Finance, Tax, tagged Bookkeeping, HMRC, money, PAYE, Tax, VAT on 26 February, 2010 | Leave a Comment »
Tax is never a popular subject – made even less so by recent revelations that HMRC has got many of our tax codes wrong, meaning excessive charges for some. Mistakes by HRMC aside, ‘tax doesn’t have to be taxing’, as the saying goes. If small firms take the time to keep their books in order throughout the year, a mad dash at key dates in the taxation calendar can be avoided.
When to register for VAT
Posted in Tax, tagged Business Plan, Cashflow, HMRC, Tax, VAT on 22 January, 2010 | 1 Comment »
So, you’ve recently set up or are about to start your business and you want to know what to do about VAT. You should do this when you draw up your business plan and cashflow forecasts, because it could affect your profitability.
Online filing tips for the January deadline
Posted in Tax, tagged deadline, HMRC, Online filing, penalties, Tax, tax return on 15 January, 2010 | Leave a Comment »
The deadline for submitting your tax return is fast-approaching. Below are some tips to help make this an easier process.
Latest online scam hits taxpayers
Posted in Advice for your business, Finance, Tax, tagged HMRC, phishing, scam, Tax, trojans on 16 November, 2009 | Leave a Comment »
It looks like fraudsters used the run up to the October tax deadline to ramp up a scheme to gather private information from people. It seems a more dangerous scam was coming across from America. What was happening and what can be done?
Limited Company – what have I got myself into?
Posted in Advice for your business, Finance, Formation, Tax, tagged business start up, setting up a limited company, small business formation, Tax on 19 June, 2009 | Leave a Comment »
So if you are in this position or are about to set up a Company, just stop for a moment to read this and it will become clear as to what you have got yourself into.
