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Get your records in order Record-keeping is a vital for every self-employed person. You have a range of legal obligations when it comes to record-keeping – but entirely apart from this, the Self Assessment process will be significantly easier if you have the relevant documents easily to hand, and organised in an effective way. The […]
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22 Nov '17In Summary, the Autumn Budget today impacts your business and personal finances in the following ways: Stamp Duty has been abolished for all new home purchases costing £300,000 or less. This means a potential saving of £3,500 compared to the old stamp duty of 2% on homes costing more than £125,000. This means that if […]
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16 Nov '17If you’re having a Christmas party (or any other annual event) there is an exemption of up to £150/pp you can spend and it’s all tax free! A few conditions: The total cost must not exceed £150 per head, per year. £150 includes VAT together with any extra costs such as transport and accommodation. The […]
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LeeP Accountants top tips for a healthy relationship with your Accountant! It’s no secret that business owners have to wear many hats – and most would agree that the least exciting of those hats is the bookkeeper’s. A recent survey of businesses conducted by the ICAEW indicated that the #1 thing that slows down business growth […]
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Our research shows that 95% of sole traders don’t keep records of journeys, which means they have to claim for petrol rather than mileage. When you claim for petrol, you have to split the bill between business and personal use. Thus, you could lose out if you do a great deal of driving for business […]
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“With the much reduced dividend allowance coming in from April 2018, does it still make sense to form a limited company or should I continue to operate as a sole-trader?” This is a question I get asked all the time and the answer, unfortunately, is “it depends”. Forming a limited company can often be driven […]
- Tags:
- comany
- sole trader
- Tax
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04 Sep '17Top tip- keep business and personal finances separate by opening a separate business bank account and be meticulous in how you spend money from it. One of the easiest ways to open a business account is to make an appointment at your local branch and speak to an advisor. Explain that you wish to open […]
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01 Sep '17MTD presentation LeeP Financial Jun 17 Confused or bemused by HMRC’s Making Tax Digital (MTD)? What does Making Tax Digital really mean? How will it affect you? Does MTD mean quarterly reporting? Is my business exempted from Making Tax Digital? What’s New? On 13 July 2017 the government announced that MTD would be delayed for business until […]
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25 Aug '17It’s that time of year. The time when we all start looking at our pile of receipts and mountain of tax forms with dread. When preparing your tax return, even a little mistake can cause problems. You could end up with a larger tax bill than you should, your refund could be delayed, or ever […]
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Changing Accountants Switching your accountant, much the same as switching your gas and electricity supplier, can feel like a stressful task that you want to avoid even when you’re not fully satisfied with the services you’re getting. Sometimes people just want to avoid those awkward “goodbyes” and think that they have to endure this when […]
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- 01733 699033
News
- 13Jun
LeeP Accountant guide to the P11D – what is it and should I be worried?
- Posted in
- Accountants
- 06May
Tax Tip – National Minimum Wage
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- Uncategorised
- 18Apr
Half Day Quickbooks Online Training by Quickbooks Experts From their HQ – 7th June 2018 – Pinnacle House, Peterborough
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- Uncategorised
