by Andrew Totton | Nov 4, 2015 | Starting a business?
For small businesses, using book-keeping software provides a useful tool to record the Income and Costs of your business, and allow you to track how your business is doing. Traditional book-keeping software However, traditional software can sometimes be tedious and... by Andrew Totton | Jul 8, 2015 | Budget Announcements, Business Taxes, Starting a business?
Today, the Chancellor, George Osborne, has delivered his first budget under the new Conservative government. Here are the key points: Personal tax The personal allowance to rise to £11,000 from April 2016 (currently at £10,600). This is to increase to £12,500 by 2020.... by Andrew Totton | Jun 23, 2015 | Business Taxes, Self assessment, Starting a business?, VAT
Thousands of us do it – but did you know that if you sell items on sites like E-Bay, Gumtree and Amazon, that you could be the target of a HMRC crackdown on tax evasion? Following changes to HMRC’s powers last year, various selling websites are being... by Andrew Totton | May 18, 2015 | Business Taxes, Payroll
What is auto-enrolment? It is a new law that states every employer must automatically enrol workers into a workplace pension scheme if they are aged between 22 and State Pension age, and earn more than £10,000 a year. It is being implemented on a staged basis, with... by Andrew Totton | May 13, 2015 | Budget Announcements, Business Taxes, Payroll, Self assessment, Starting a business?, VAT
As the dust settles on a Conservative majority, below is a summary of what this might mean for you and the pound in your pocket: INCOME TAX No increase in Income Tax or National Insurance rates The Tax free personal allowance is to rise from £10,600 to £12,500...
