I’m starting to work as a freelancer, how do I deal with my accounts and tax? Whilst becoming your own boss can exciting if can be also be very daunting dealing with the administration and regulations that running a business involves. Regardless of how you choose to structure your business you will need to prepare […]
The minimum pension contributions that employers have to pay into their employees automatic enrolment pension scheme is increasing from 6 April 2019. The changes will also affect the amount employees have to contribute into their pensions. What are the changes? Until 5 April 2019 the total minimum combined contributions are 5% of an employees qualifying […]
Leeds accountant explains why every small business needs an emergency fund. When you run a business there are so many different things to think about, and financial decisions to make, having a savings buffer is easily forgotten about. Having some money set aside for emergencies is essential for when times get tough for both the […]
Is my call from HMRC a scam is a question we have been asked a number of times this year, and we want to warn all of our readers in the dramatic increase in the number of scammer pretending to be calling from HMRC. According to BBC Radio 5 Live’s’ “Wake up to Money” programme […]
At this time of year we are all used to making personal resolutions, whether it is to take more exercise, lose weight or even start a business, but have you ever thought about setting a New Years resolution for your business? I have set out 5 ideas you could consider for your 2019 resolutions. Create […]
As a business owner and accountant for over 30 years I have met a lot of people who have started their own business. People start businesses for a variety of reasons, some in the hope of a better work-life balance, some because they have a great idea and others who just don’t know what else […]
Leeds Accountants are joined by Sage at Leeds Business Week We were delighted to see so many people attending our event on using the new Sage Business Cloud Accounting software (a revamp of Sage One), and it was great to be joined by Kevin Brown from Sage who was able to demonstrate the new and […]
HMRC have confirmed that from 14 February 2018 the Electronic Data Interchange (EDI), the current platform used to submit VAT Returns electronically, will be decommissioned and replaced with a new platform. From that date, all electronic Returns must be submitted via this new platform. Businesses that manually submit their VAT Returns using HMRC’s website and […]
Does your business have employees? Are you paying them enough? Not knowing the difference between the Living Wage, the National Living Wage and the National Minimum Wage could result in large penalties for failing to pay employees correctly. To help clarify, here is a summary of the three main terms relating to wages: National […]
HMRC defines a director’s loan as when you (or other close family members) get money from your company that isn’t: A salary, dividend or expense related repayment Money you’ve previously paid into or loaned the company A director’s loan account is a record of any money you borrow or pay into the company. […]
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