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Advantages of a Limited Company structure

A limited company is a type of business structure that has been incorporated at Companies House as a legal ‘person’. It is completely separate from its owners, it can enter into contracts in its own name and is responsible for its own actions, finances and liabilities. Advantages of a limited company structure The most significant…

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Property Investment – Tax Aspects

Property Investment – Tax Aspects Investment in property has been and continues to be a popular form of investment by many people. It is seen as a route by which:  relatively secure capital gains can be made on eventual sale  income returns can be generated throughout the period of ownership  mortgage finance…

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Making Tax Digital (MTD)

The Government’s plan to introduce “Making Tax Digital” has been hit with a further delay, with most businesses now not being affected until 2020 at the earliest. The new timeline for Making Tax Digital (MTD) means only those businesses earning over the VAT threshold (currently £85,000) will need to file digitally starting in 2019 –…

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Cash Basis Accounting

Cash Basis Accounting Unincorporated businesses are able to submit simplified accounts in order to settle their tax liabilities. The main advantage of using this system is that income and expenditure is based on money received from customers and money paid to suppliers. In other words, the accruals basis, where income and outgoings are based on…

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Accountants for Contractors In Nottingham

Disguised Employees, Contractors And IR35 One of the downsides of contracting is having to understand and deal with the IR35 legislation. The IR35 legislation was brought in to deal with tax avoidance from contractors who continued to pay the same amount of income tax and NI contributions as a regular, permanent employee. When it comes…

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The Benefits Of Online Accounting Software

We live in an age of computer technology and cloud-based apps, yet incredibly, many small business owners still rely on manual, hand-written book keeping and accountancy records. There’s nothing wrong with hand-written financial records, as long as you are precise and methodical. They’ve been used for years, are perfectly acceptable and ultimately, produce the same…

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Accountant Birmingham

4 Tips For Choosing Your Business Name One of the most important and sometimes, most difficult decisions when creating a new business is coming up with a name. You may have a brilliant, innovative business idea and products and services that will sell well, but it’s not enough without a well thought out name. The…

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Small Business Accountants In Leicester

Sole Trader Or Limited Company? One of the first things you need to decide when starting a small business in Leicester is the structure it will take. Sole trader or limited company? The decision can depend on a number of factors: How much are you planning to grow your business? What are your yearly earning…

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