Pensions – How to apply to protect your pension tax allowances

September 22, 2014

Apply online with HMRC from 18 August 2014 to protect your Lifetime Allowance for tax breaks on pension savings.

HMRC changes approach on online VAT filing

September 18, 2014

Filing VAT returns online was made more or less compulsory for most business owners since April 2012. However, HMRC have had to recently change their approach. Subsequently, from 1 July 2014, paper & telephone filing is now an acceptable.

7 simple KPI’s to track financial performance

September 16, 2014

KPI’s enable you, as a business owner to have insight into the performance of your business, showing areas of strength & weakness & assisting in helping you make better decisions for your business.

The vitally important role of your Company Secretary

September 15, 2014

Regardless of whether your company has an official Company Secretary or not there are still vital tasks that require, by law, fulfilling. Are you keeping your company compliant for the legal responsibilities of your business?

The necessary role of the Company Secretary

September 12, 2014

Since 2008 the laws changed meaning that it is now not a legal requirement to appoint a separate Company Secretary. Do you know the responsibility you have in ensuring the legal admin of your company is taken care of?

Proactive V Reactive approach to getting new patients

September 10, 2014

Most practice owners complain about not getting enough new enquiries. Yet, more often than not they just sit back and wait for people to walk through the door…when often, they don’t. A Proactive approach to marketing could turn this around.

What does your Profit and Loss say about your business?

September 8, 2014

Ever received your financial accounts from your accountant and puzzled over some of the terms? What are Gross Profit, Net Profit and Overheads? And why are some of my incurred costs not represented on my Profit and Loss statement?

Dividend, salary, bonus or capital – which mix is best for tax?

September 8, 2014

As a director or shareholder, trading through a limited company can be favourable personally, provided the right methods are used to extract the cash from the business. With the options of dividends, salaries and bonus, which mix is best for tax?

Tax free childcare scheme, also available for self-employed

September 4, 2014

A new tax-free childcare scheme will become available from Autumn 2015 with a 20% contribution from the government. It’s also available for the self-employed!

The window of opportunity for HMRC to investigate

September 2, 2014

Often referred to as the “enquiry window,” HMRC have a set period of 12 months for any randomly selected enquiries. Although, should they have suspicions, this can be reopened at a later date.