• Posted March 16, 2020

What expenses can you claim if you work from home?

HMRC have a flat rate, simplified expenses calculator for working out your use of home as office if you’re self-employed. If you work less than 5 hours a week you cannot claim anything. 5 to 10 hours = £120 per year 10 to 25 hours = £216 per year 25+ hours = £312 per year […]

  • Posted March 13, 2020

How to claim VAT back from Electric Cars

An electric car is no different from any other car purchase made through a company, so you can’t claim the VAT back on the purchase of the car. The exception is if the car is used 100% for business, which would generally mean that you are a car leasing company.

  • Posted March 13, 2020

Do you Need to do a Tax Return?

Whitesides Accountant & Tax Advisor Sarah Greenwood answers “Do you Need to do a Tax Return?” It depends. If you’ve just got employment income, for example you’ve got three or four little part-time jobs, you don’t need to do a tax return because all your income is accounted under pay as you earn. HMRC recently […]

  • Posted March 11, 2020

What is the Difference Between Bookkeeping and Accounting? Can a Bookkeeper Prepare Accounts?

Quite regularly we’re asked what is the difference between bookkeeping and accounting? In this blog post, Sarah Greenwood, Whitesides Accountant and Chartered Tax Advisor explains the key differences. Accounting and bookkeeping are terms that are often used interchangeably, but what really is the difference?   Bookkeeping is the process of collating and recording all the […]

  • Posted March 6, 2020

Do I Need Payroll for my Business?

Whitesides Accountant & Tax Advisor Sarah Greenwood answers “Do I need payroll for my business?” It depends on what you’re doing. Self Employed If you’re a self-employed individual then you probably don’t need to set up a payroll to pay yourself, unless you are employing any staff. Limited Company If you’re a limited company then […]

  • Posted March 4, 2020

Bookkeeping Software – What is the best for your business?

There are so many online bookkeeping software packages available at the moment it can be difficult to decide which one is best for your business. I have outlined below the 4 main software’s available and the businesses we feel they are most suited to. Xero Xero was developed in New Zealand before being launched in […]

  • Posted February 24, 2020

Small Business Grants – What is available for my business?

There are hundreds of small business grants and start-up grants available, whether you are eligible for grants will depend on several factors: Your industry Your location The size of your business The age of your business Whether you supply businesses or consumers Whether you have benefited from other grants   Granting organisations include universities, local […]

  • Posted January 17, 2020

Should I set up a limited company?

 Whitesides Accountant & Tax Advisor Sarah Greenwood answers the question “Should I set up a limited company?” This is a question that we get asked all the time and it’s something that really depends on each individual businesses’ circumstances. The main things that I would consider is what you’re intending to do long term […]