Monitor your financial performance with these 7 simple KPI’s

September 1, 2014

Key Performance Indicators (KPI’s) are an absolutely essential part of running a business, through monitoring metrics, statistics and calculations over a period of time, enabling a business owner to make more educated decisions based on facts.

Method for reporting employee benefits due to change

August 28, 2014

In an attempt to ease administration, HMRC have some positive changes in the pipeline to how employees report and pay tax on any benefits received from their employer. Could this be the end of the P11D?

Could you be due a reduction in your Business Rates?

August 26, 2014

With rates at a high level and becoming a significant outlay each month, wouldn’t you mind paying a little less? Or, at least knowing that the amount you are paying is correct for your premises?

Self-assessment paper tax return filing date coming up – 31 October

August 26, 2014

The final date for filing any self-assessment paper tax returns for the year ended 5 April 2014 is 31st October 2014. Failure to comply with the deadlines results in an immediate £100 penalty, don’t get caught out!

Consider paying interest on loans to your business

August 17, 2014

If you have the personal funds to loan to your business in a time of need, the company could pay interest on their loan to gain tax relief, while also receiving additional personal income into your household.

Save hours of time with robust systems and processes

August 11, 2014

How many hours per week do you spend on tasks that are not either directly related to earning fees or do not assist with the growth and development of my business? Small business owners can struggle to grow their business but building robust systems and processes can save literally hours of time and more often than not, it’s FREE.

Gift a share in your investment property. Keep the rent. Potential WIN:WIN

August 7, 2014

An investment property portfolio can be a fantastic source of income for retirement. Have you considered all your options though with maximising the return on your investment whilst saving tax?

Have you taken enough care with your tax affairs?

August 4, 2014

HMRC are continually assessing whether a taxpayer has taken “reasonable care” in the preparation of their tax return. If errors are found, were they “deliberate” or “careless” mistakes, the outcome of this question determining the penalty.

HMRC admit to publishing wrong figures

August 1, 2014

The National Audit Office have uncovered an error of £1.9 billion relating to targets set for HMRC in 2010, resulting in an overstatement of results through to 2013-2014

Corporation tax rates set to remain low

July 29, 2014

Are you making use of the all time low corporation tax rates by trading as a limited company? Incorporation makes more sense than ever.