Blog

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How to choose a new accountant

Accountants are a funny bunch! The reputation proceeds us for a start. We are all boring and live in grey suits! Ok, so we know that’s not true. We never wear suits for a start and I know many who …

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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 …

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Furlough your employees

If you are considering laying off staff due to little or no work then wait… The government have introduced a new measure called the Coronavirus Job Retention Scheme where you will get government support Under the Coronavirus Job Retention Scheme, …

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Deferring your VAT payment

The Chancellor announced a VAT payments deferral system on 20 March to support businesses with cash flow during the COVID-19 pandemic. This means that all businesses with a UK VAT registration have the option to defer VAT payments that are …

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IR35 changes delayed

The government has made a big last-minute decision in respect of IR35. A decision has been made to delay the changes until 6 April 2021 giving us a little over 12 months extension to one of the biggest changes to …

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Plan your way through Coronavirus

Many of you have likely consumed the media input on Coronavirus. It’s all doom and gloom. It’s designed to make us feel bad. The media know how we default back to survival instinct and numbers help them make money.

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Taking on my first employee

So your business has grown to such a level you can no longer do it on your own.  You’ve explored all options and the most sensible one is to take on your first employee! There are many things you need …

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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 …

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Help! – What’s my UTR number?

What to do if you don’t know your UTR number. Your Unique Taxpayer Reference Number (UTR) is a 10-digit number that is used by HMRC to identify you.  You need it in most cases when corresponding with them and to …

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How much does an accountant cost?

5 Factors that change how much an accountant will charge you. It’s a common misconception that Accountants are expensive.  Many Accountants simply don’t display prices and we all get a little concerned and wonder what they are hiding.

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What expenses can I claim as a contractor?

Helping you understand what you can and can’t claim for whilst contracting. Expenses are pretty much the point of contracting via a limited company! The merits of the different methods of contracting were discussed in our Guide to contracting and we established …

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Directors pay for 2019/20

The most common reason for having a limited company is the tax savings.  These can be many thousands of pounds but get it wrong and it can cost you thousands too. This guide is to make sure you don’t end …

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Mortgages for the self-employed

Helping you understand the world of mortgages for the self-employed. As an accountant having acted for hundreds of self-employed people and directors of limited companies we have seen how many hoops you have to jump through in order to get …