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Ways of Paying Your Self Assessment Tax Bill

It is very important that you pay your Self Assessment tax bill by the deadline because you’ll be charged interest and may have to pay a penalty if your payment is late. The deadlines for paying your tax bill are usually:   31 January – for any tax you owe for the previous tax year and your first […]

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Directors pay (salary and dividends for 2021/22)

It’s that time again when we need to select the best way of paying ourselves as directors and shareholders of our own company. This guide is to make sure you get things set up correctly and don’t end up losing out. Although individual circumstances need to be taken into account in all circumstances there are […]

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Corporation Tax: What has changed?

The 2021/22 tax year commences today — 6th April 2021. With a new tax year come the new tax rates and allowances. But due to the pandemic and the current state of the economy, there has not been a great significant change in the rates and allowances for this tax year compared to the previous years.  One of the most […]

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R&D Tax Credits

This is a quick guide to R&D Tax Credits and whether you can qualify and what you can qualify for. What are R&D Tax Credits? Research and Development (R&D) Tax Credits are an enhanced expenditure tax deduction offered by the government for investing in innovation. They can be a valuable method of cash for businesses […]

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Corona support for self-employed

What is it? The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month. HMRC will use the average profits from tax […]

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What are HMRC payments on account?

Helping you understand HMRC tax payments on account. If you are self-employed or pay tax via self-assessment then you may come across the joy that is HMRC payments on account for tax. We know how confusing they can be as we answer questions about them all the time. This article is designed to go through […]

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Sole trader v partnership v limited company – which business setup is right for me?

Help for deciding the best set up for your new business As a firm of Accountants specialising in startup businesses, we get asked this question all the time.  Unfortunately, it’s never a blanket type answer that you can quickly assess but in this guide, we will talk you through the different things to consider so […]

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