Whitesides Accountant & Tax Advisor Sarah Greenwood answers “When do I need an accountant?” I would have said the earlier the better. You obviously don’t need to see your accountant until something needs to be done, so that’s probably either at the stage you need to set up a payroll, probably one of the earlier […]
How much does it cost to hire an employee? Hiring your first employee can be a daunting prospect, going from a business owner to an employer is a big step whether you run a limited company or operate as a sole trader. If you trade through a limited company you probably already have a payroll […]
Whitesides Accountant & Tax Advisor Sarah Greenwood talks about the “running the costs of a Limited Company vs Sole Trader” The other thing that you might want to consider is the costs. Running a limited company can be more expensive than a sole trade business. You’ll tend to find that banks charge more, you’ll […]
Preparing for retirement should be something you look forward to, but it can also be tinged with sadness, your role as a business owner will change as you start to take a step back from the business you have owned and run for many years. As business owner retirement is something you need to consider, […]
One of the biggest challenges facing small businesses is a late invoice payment. Research undertaken by Xero shows 26% of small businesses are unable to pay their suppliers on time, creating a vicious circle. Being paid late can cause a big disruption to your cashflow and if you are a small business without a finance […]
Full-time Bookkeeper and Administration Assistant Required Whitesides Chartered Accountants, Leeds Hours: Full-time (36.25 hours per week) To apply, please send a covering letter and CV to [email protected] Whitesides Chartered Accountants is an independent firm of accountants based in Horsforth, Leeds. We provide accounting, bookkeeping, payroll and tax services to owner managed businesses and individuals. Due […]
In April 2014 the government introduced the Employment Allowance. This allowed eligible businesses to reduce their annual Employers Class 1 National Insurance bill by up to £3,000. However, from 6 April 2020, there will be changes to the employment allowance rules. These changes mean that not all businesses that are currently benefiting from the Employment […]
What is the difference between marriage allowance or married couples allowance? Although these allowances sound similar, the eligibility requirements are quite different. What is Marriage Allowance? Marriage allowance is a tax relief that allows a UK tax payer to transfer 10% of their personal allowance to their spouse or civil partner, in 2019/20 this is […]
Advisory Fuel Rates – VAT element If you are a VAT registered business, you can use HMRC’s advisory fuel rates to calculate the amount of VAT you can reclaim on the fuel element of business mileage. Advisory fuel rates are used to calculate: The amount of VAT your business can reclaim on business mileage […]
I’m starting to work as a freelancer, how do I deal with my accounts and tax? Whilst becoming your own boss can exciting if can be also be very daunting dealing with the administration and regulations that running a business involves. Regardless of how you choose to structure your business you will need to prepare […]
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