Month: March 2017

Top 5 Business Trends In 2017

As technology and the marketplace continue to move forward at a rapid pace, many small businesses can be left wondering what’s next. It’s important to see the trends before they happen so you can capitalise on them for your business. Being one step ahead could mean the difference between a profitable year, and a bankruptcy….

A Guide To What Records You Must Keep – LeeP Accountants Peterborough

There is often confusion around what records you must keep in your Company, how long you should keep them for and what format they must be kept in. LeeP’s guide can help demystify these questions for you: Limited Company Records: You must keep details of: directors, shareholders and company secretaries the results of any…

MTD Has Been Delayed By 1 year For Some SMEs

12 Month Delay In the Spring Budget this year, Hammond said, that unincorporated businesses with a turnover below the VAT registration threshold would be allowed to delay the introduction of quarterly reporting by one year – “This will provide them with more time to prepare for digital record keeping and quarterly updates.” Furthermore – following…

Tax Planning Before the 5th April 2017- A Must-Read for Business Owners

Tax-saving ideas to implement before 6 April 2017 The January tax filing season may seem far behind you, but now is the time to consider tax planning opportunities before the 2016/17 tax year ends on 5 April. Every year, each of you have a number of allowances, exemptions and rate bands available to you. You…

New Tax-Free Childcare Scheme Which The Self-Employed Can Also Use!

New Childcare Scheme which will also be available for the Self-Employed! LeeP Accountant’s summary on the new Childcare scheme which for once seems to give a ‘nod’ to those who are self-employed! A new childcare scheme called tax-free childcare (TFC) will replace the much loved childcare vouchers which was operated by Employers. The new scheme will…

VAT or not to VAT? That is the question – LeeP Accountant’s guide to VAT

The compulsory registration requirements for VAT is either when: a) your taxable supplies exceed £83,000 (£85,000 in 17/18 as shared in Hammonds Spring budget last week); or b) there are reasonable grounds to believe that your taxable supplies in the next 30 days WILL exceed £83,000 (for example of you’ve just secured a large contract)….