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 […]
Ever had to do a repetitive task in excel? “F4” is a really handy shortcut that repeats the previous action, whether merging cells, applying a format to text or inserting new cells. Extremely important shortcuts: the bread and butter of anyone working in Office: Ctrl + X, Ctrl + C, Ctrl + V Or cut, […]
The majority of students leaving university will do so with an outstanding student loan. The media is full of information on the repayment threshold, interest rates and details of how it is repaid through your salary, but what happens if you are self-employed? As a contractor, freelancer or business owner your student loan payments will […]
Accountants, bookkeepers and tax specialists have a number of tools to check work and catch errors as they occur. Does the difference divide by 9? When a balance doesn’t reconcile, one helpful tool in order to identify how the error has arisen, is to ask “does the difference divide by 9?” If it does, then […]
If you are self-employed or you receive an income from dividends, property or investments you will need to complete a self-assessment tax return. A self-assessment tax return is prepared annually and must be submitted by 31 January following the end of the tax year (which ends of 5 April). Unlike an employee who pays tax […]
parkrun is… a free event every Saturday at 9am in local parks an opportunity to volunteer and be a part of the community a chance to cover 5km in any way you want e.g. walking, hopping, skipping a great way to catch up with friends and make new ones a timed event, so you can […]
Sean’s Top Tips – June 2019 Did you know that there is a shortcut to skip to desktop immediately? “Press and hold Windows Key + D” Saves time minimising everything when you have to find something on your desktop. You can easily lock your desktop by pressing “Windows Key + L” Handy if you have […]
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