What deadlines should I know about?

What deadlines should I know about?

HMRC set notoriously strict deadlines with regards to filing accounts and making payments, and if you miss deadlines you’ll face penalties. Small business owners, sole traders or freelancers report to the HMRC, yet there are some extra requirements for Limited...
Self Employed Expenses – what can I claim?

Self Employed Expenses – what can I claim?

  “Can I claim for the printer I just purchased?” “How do I reclaim for petrol – do I keep my receipts?!”            “I took a client out for lunch – is it tax deductible?” These are just some of the self employed expenses related questions that we’re asked on almost...
Why You Need a Bookkeeping Service

Why You Need a Bookkeeping Service

Business owners often think they don’t need Bookkeeping services. According to Martin Campbell, managing director of Ormsby Street, 40% of businesses don’t make it to five years. Why? Well, the answer is often found in a company’s books.  You might see...

Are tax spies watching you?

Did you know the HMRC are now checking social media to catch people out who are offering work and/or selling goods online and evading tax? As we all know, entrepreneurs are the foundation of any new business and we wish them all the best, however they need to make...