The new Self-employment Income Support Scheme – a message from the government

The Chancellor has announced more about the new Self-employment Income Support Scheme to support self-employed people who have been adversely affected by COVID-19. Self-employed people do not need to get in touch with HMRC as the scheme isn’t yet open for applications. HMRC will contact eligible customers by the beginning of June, inviting them to … Continue Reading

A fast guide to corporation tax for UK companies

Corporation Tax is a tax paid by businesses in the UK and is calculated on annual profits in a similar way to how income tax is calculated for individuals, however, companies don’t get an equivalent personal allowance – all profits are taxable – however, there are some expenses and deductions that can be claimed to … Continue Reading

Our small business predictions for 2020

It’s certainly been a bumpy & tumultuous couple of years for the self-employed and small business owners with the uncertainly of Brexit, new tax legislation like MTD, the instability of parliament and the general election, but, whatever your political leanings, it at least looks like there’s going to be a bit more stability and certainty … Continue Reading

Advantages of using bookkeeping services

Running a business can be time-consuming, stressful and even overwhelming at times. We understand how easy it is to lose track of managing, monitoring and keeping a thorough record of transactions and finances on top of everything else. However, it is a legal obligation to keep these records and not doing so adequately can result … Continue Reading

Stressed about VAT? Here are some tips

VAT can be an incredibly stressful and complicated process due to the seemingly endless and sometimes confusing rules. It can be overwhelming and difficult to know whether you are correctly handling your VAT or if your business is overpaying or underpaying. If after reading this article you decide an accountant can help with your situation, … Continue Reading