5 Tips for starting your business on a shoe string

Starting your business is exciting but also daunting. Many businesses are started whilst the entrepreneur has another job or business so as to mitigate some of the risk. There are many ways of reducing the cost of setting up and establishing a business before the financial risk becomes too big to handle. 1. Work from homeFinding affordable work space suitable for your business locally can be a … [Read more...]

Self-Employment Toolkit

Making the change from employed to self-employed is simultaneously exciting and daunting. What if it doesn’t work out? What if your business doesn’t survive? Thousands of people make the empowering decision to become their own boss every single year. To make the process a little easier we have put together the following Self-Employment Toolkit to provide all of the information you need … [Read more...]

What if I miss the tax return deadline?

Should you fail to meet the deadline to submit your self-assessment tax return there are penalties which HMRC will charge automatically. The first deadline is the 31st October for paper returns, but if you miss that deadline you are not fined as long as you submit the electronic version before the 31st January, but if you miss this deadline, and fail to pay any tax due by the same date then the … [Read more...]

Surviving Brexit

Brexit has caused much anxiety for many businesses over the last few months and continues to do so. Here’s our brief guide to surviving Brexit to keep confidence levels high during these tough times... Now that the UK is on its way out of the EU, it’s important to keep your business afloat and not let market fears get in the way of running it successfully. There are a few things that can be … [Read more...]

Lifetime ISAs: Get up to £32,000 for free!

Earlier in the year Chancellor George Osborne announced the launch of the new Lifetime ISAs which will be available from 6 April 2017.  If you are saving for your first home or for your retirement, then the Lifetime ISA is geared towards you and could help make the most of your tax allowances from your savings. It’s all too easy to forget about retirement planning when you are busy working, … [Read more...]

Tax changes for the non-domiciled

If you’re a ‘non-dom’ then the way you pay tax may be about to change. Announced in the Summer Budget 2015 this series of tax changes affecting people not domiciled in the UK seeks to address some of the perceived unfairness currently embedded in the UK tax system. The Government argues that it is only fair that people residing in the UK for a very long time should pay their fair share of tax … [Read more...]