• What does Budget 2021 mean for small business owners?

    The March 2021 Budget contained a wide range of announcements that will affect businesses of all sizes. Here, we outline the main measures which affect individuals, the self employed, and limited company owners.

  • business rates

    How are business rates calculated for small firms?

    Just as you have to pay council tax on your home, so your business must cough up business rates for its premises. They can be a pain and an easily overlooked cost when you are…

  • payroll small business

    Guide to the main HMRC payroll forms for small businesses

    When you run a small business, either as a sole trader, partnership or limited company, there will always be a number of HMRC forms you will need to be aware of. Although your accountant will…

  • shares employee bonus

    Rewarding staff with bonus shares – tax implications

    Bonus payments may have been a bit thin on the ground since the COVID-19 pandemic hit. Hard-pressed businesses, struggling to meet existing commitments, may balk at the prospect of parting with cash. However, the benefits…

  • vat cash accounting scheme

    What is the VAT cash accounting scheme?

    Many small businesses benefit from using VAT Cash Accounting Scheme. Rather than repaying HMRC for VAT your have invoiced for, but not yet received from customers, you only need to account for VAT when you…

  • vat limited company sole trader

    Guide to Value Added Tax (VAT) for small businesses

    VAT is something that many new business owners overlook. Many assume that it doesn’t apply to them – surely it’s just for the bigger businesses out there? That may be true most of the time,…