What is the benefit of Xero accounting software for a small business? Over two million people worldwide use Xero cloud accounting software. Xero benefits for small businesses include online access from anywhere, unlimited users, data security, and integration with hundreds of other apps. Small businesses can access state-of-the-art online software for a small payment per […]
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We have come across quite a few people over the last 15 years attempt to do their limited company accounting themselves to save a small amount of money on accountancy fees. While it may be sensible if you are a sole trader to learn how to do bookkeeping and file your tax returns, trying to
What can an accountant do for a limited company? Read More »
Update! As of the 23rd September 2022 it has been announced that the Dividend Tax rise for 21/22 will be reversed for 22/23. National Insurance rise It may have been easy to miss with all the hullabaloo about the National Insurance rises, but dividend tax is getting raised too. The broad details of the 1.25%
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September is the last month for furlough claims The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the employee’s
Abolition of Basis Periods Along with the impending introduction of Making Tax Digital (MTD) for unincorporated businesses and landlords the government made a significant announcement on 20 July that they would abolish basis periods for unincorporated businesses for the 2023/24 tax year to simplify MTD reporting. That change would apply to sole traders, partnerships, as
Abolition of basis periods and new tax year end? Read More »
Is it better to trade as a sole trader or a limited company? Many startups start as a sole trader and later incorporate (move the sole trader business into a newly formed limited company). Many articles on the internet discuss the advantages and disadvantages of trading as a sole trader vs. a limited company. Most
Sole trader vs. limited company – which one is best for you? Read More »
Many small businesses in the UK are set up as Limited Companies. There are many benefits to this approach and some legal and accounting concepts that owners need to understand. A Limited Company is a separate legal entity to the owners. As such, the money in the company’s bank account does not directly belong to
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How can I save money putting a car through my limited company? The extra national insurance and personal tax created through the benefit in kind may outweigh any corporation tax and VAT savings you are going to make by putting a car through a limited company. Over the years, the exact answer to this question
Expert Guide To Limited Company Electric Cars Read More »
Scotland Level Zero With the move to Level Zero this week Scottish businesses are still being advised to work from home where possible. Originally Level 0 contained a phased return to offices but the First Minister announced that this would be postponed due to the high levels of the virus in circulation. This is clearly
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FreeAgent vs Xero As Chartered Accountants, we regularly get asked about which cloud-based accounting system is the best for their business or situation. We have over ten years of experience in all the major online accounting software packages. We have formed some pretty clear opinions on the subject. We have settled on recommending Xero to
FreeAgent vs Xero – Which Accounting Software Is Best? Read More »
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