People often get confused about tax and a common misconception is around how tax works for the higher tax bands. People often think “Oh I don’t want to earn too much as I’ll get taxed at 40% and I’ll lose out”. THAT’S NOT HOW IT WORKS! Here’s a handy guide to simplify and explain things.
Read MoreNot Happy With Your Accountant? Find Out What’s Involved In Swapping
One of the most common scenarios we come across is this: Business owner is a little (or a lot) unhappy with the level of service they are getting from their Accountant, and yet they are reluctant to change because “better the devil you know right?”. There’s also the uncertainty of “out of the frying pan…
Read MoreTaxable vs. Non-Taxable Income – Do You Need To Put It In Your Tax Return?
Taxable and non-taxable income Yesterday a client asked me about whether insurance payouts were a taxable income for her which got me thinking about writing a post on the less well known forms of taxable and non-taxable income as a quick reference guide for business owners. Some of these may surprise you…. Non-taxable income…
Read MoreQuickbooks Training Event 22 Feb 2019
We are running a classroom style training event delivered by Quickbooks trainers from their London HQ. the AM session is aimed at those NEW to or CONSIDERING QuickBooks and the PM Session is aimed at those already using QuickBooks The AM sessions you can expect to: 1. explore the functionality, 2. find out about…
Read MoreAutumn Budget News – How does it impact small businesses?
Well, with Brexit looming and the population on tenterhooks about what might or might-not happen, the chancellor has opted for a conciliatory approach to try to win tax payers over. The main points of interest for small business owners are: The personal allowance threshold, the rate at which people start paying income tax at 20%,…
Read MoreWhat’s Phillip Hammond Got in store for us on 29th October?
The Chancellor is under some pressure to announce the end to austerity, raise NHS funding and give the country a “We-are-under-control” perception ahead of Brexit – so what has he got planned? Budget Day this year is 29th October 2018 and here’s what is speculated to be in store for us folk: 1 . A…
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