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, […]
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 […]
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 […]
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 […]
The minimum pension contributions that employers have to pay into their employees automatic enrolment pension scheme is increasing from 6 April 2019. The changes will also affect the amount employees have to contribute into their pensions. What are the changes? Until 5 April 2019 the total minimum combined contributions are 5% of an employees qualifying […]
Leeds accountant explains why every small business needs an emergency fund. When you run a business there are so many different things to think about, and financial decisions to make, having a savings buffer is easily forgotten about. Having some money set aside for emergencies is essential for when times get tough for both the […]
Is my call from HMRC a scam is a question we have been asked a number of times this year, and we want to warn all of our readers in the dramatic increase in the number of scammer pretending to be calling from HMRC. According to BBC Radio 5 Live’s’ “Wake up to Money” programme […]
At this time of year we are all used to making personal resolutions, whether it is to take more exercise, lose weight or even start a business, but have you ever thought about setting a New Years resolution for your business? I have set out 5 ideas you could consider for your 2019 resolutions. Create […]
As a business owner and accountant for over 30 years I have met a lot of people who have started their own business. People start businesses for a variety of reasons, some in the hope of a better work-life balance, some because they have a great idea and others who just don’t know what else […]
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