• How ‘Simplified Expenses’ can save you time if you’re self employed

    Claiming business expenses can help you to cut your tax bill but, knowing what, and how much you can claim for isn’t straightforward. Fortunately, HMRC allow the self employed to use ‘simplified expenses’ to claim…

  • small business accountant

    15 questions to ask when hiring an accountant for your small business

    While selecting an accountant can be a vexing process, especially if you are a new business startup, it’s much simpler if you approach it systematically and ask the right questions. So to help you find…

  • profit loss

    Profit and Loss (P&L) Accounts – guide for small business owners

    When you’re trying to work out how well your business is doing, one of the most powerful tools in your financial arsenal is your profit and loss account (P&L).

  • Travel and accommodation expenses for the self-employed

    Are you a self-employed individual? Do you have to travel on business, and does that travel ever entail an overnight stay away from your home? Do you know exactly which of the travel and accommodation…

  • Benefits in Kind: What you need to know about the new salary sacrifice rules

    Changes are coming to the way benefits in kind are taxed – employers and employees should prepare themselves for the new rules, which come into play from April 2017.

  • Staying on top of your company accounts – book-keeping do’s and don’ts

    There are three reasons you need to be on top of the money coming in and going out. HMRC will need information from you at some point (whether you are a sole trader or run…