Becoming self-employed is a bold step and you may be wondering whether you need a business bank account.Looking after your finances is essential if you are working for yourself because…
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If you’re employing people in your business you pay them salaries or wages – but some may also receive ‘benefits in kind’ (BIKs). BIKs, often called ‘perks’, are part of…
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Many people submitting self-assessment returns maybe struggling to pay their tax bill. The 31 January deadline is difficult at the best of times, thanks to the Christmas break interrupting payments.…
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Electric vehicles are evolving and offering more range than previously. So, you might be considering switching from petrol or diesel for your next car. No matter what your view is…
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Making bookkeeping mistakes is fairly common, especially if you’re trying to do it when running your own business. An unexpected phone call or other distraction can mean you lose track…
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Last year, more than 25,000 companies faced late filing penalties after missing the filing deadline. Financial year-end reporting is a legal requirement for limited companies. If you run a limited company, then…
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Whether you already own a business or are thinking of becoming your own boss, buying an established company may seem tempting. After all, the firm already has a client base,…
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You may have heard about the break-even point but what is it? Breaking even is crucial for any business. It shows growth and can determine whether you are succeeding or…
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There are many tax breaks that can help save you and your company money. Tax relief can be forgotten about when running your own business but it’s worth knowing about.…
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Whether you’ve just bought a buy-to-let or thinking about it, you may be wondering whether landlords need to keep records. Not only is it important for self-assessment and tax purposes,…
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